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Two-Home Duplex Property

702 N Beverly Ave, Covington, VA 24426

For Sale
$95,000

Two residences share one tax parcel, with one currently rented and the other available for occupancy or leasing.

Property SizeContact for details
Days on Market128

Property Features for 702 N Beverly Ave

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $493

Building Details

Buildings 2
Listing Agency: MAC WESTLAND REAL ESTATE GROUP
Listed By: ALEXANDRA LEE TAYLOR · License VA #0225264716
Source: Exprealty
Added: Jul 6 Changed: Oct 26 Last Checked: Nov 8 at 9:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MAC WESTLAND REAL ESTATE GROUP

Rey
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Investment Insights

Based on property information with market context.

This duplex configuration includes two separate homes on a single tax parcel at 702 N Beverly Ave in Covington. The front residence contains 1,056 sq ft with two bedrooms and one bathroom, while the rear residence offers 816 sq ft with two bedrooms and one bathroom. Together, the homes provide a practical two-unit layout for residential income use.

One residence is currently rented, and the second is ready for an occupant or a new lease. A newer roof is in place, adding a recent improvement to both structures. The property supports multiple ownership approaches, including occupying one home while leasing the other or leasing both residences.

Key Highlights

  • Two homes situated on one tax parcel
  • Front home: 1, 056 sq ft, 2 bedrooms, and 1 bathroom
  • Rear home: 816 sq ft, 2 bedrooms, and 1 bathroom

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

145
Businesses Nearby

Demographics for 24426, VA

13,695
Population
7,249
Households
1.9
Avg Household Size
47
Median Age
13%
College-Educated
91%
High-School Grad
363.7 sq mi
ZIP Area
38
Density / Sq Mi
$51,841
Median Household Income
$34,937
Median Earnings
$808
Median Rent
$113,600
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two residences share one tax parcel, with one currently rented and the other available for occupancy or leasing.
Where is this duplex located?
The property is located at 702 N Beverly Ave Covington, VA.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Two homes situated on one tax parcel; Front home: 1, 056 sq ft, 2 bedrooms, and 1 bathroom; Rear home: 816 sq ft, 2 bedrooms, and 1 bathroom
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