18-Unit Apartment
730 NE Virginia Avenue, Norton, VA 24273
For Sale
$60,000
Commercial Sale, Norton, VA
Property Size5,860 SF
Lot Size0.15 Acres
Price / SF$10.24
Days on Market533
Property Features for 730 NE Virginia Avenue
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
Appalachian Realty Executives, LLC
(276) 523-2635
Listed By:
Brenda Hill · License VA #0225080332, VA #310750
(276) 393-1942
Added: May 27, 2025
Changed: Oct 2
Last Checked: Nov 10 at 12:06PM
MLS# 9980805
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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Built in 1920, this 5,860-square-foot apartment building contains 18 units on a 0.15-acre parcel in Norton. The structure features stone and vinyl siding, a composition shingle roof, baseboard heating, ceiling fans, and separate electric meters for each unit. Two basement apartments provide direct access to Virginia Avenue, while the first and second floors offer exterior exits toward Eighth Street and Kline Avenue.
The property is located at 730 NE Virginia Avenue on the corner of Virginia Avenue and Kline Avenue. It carries COMMERCIAL zoning and is served by public water and public sewer. Parking is available on the street. The building includes a mix of above-grade and walkout basement access points, with improvement needs noted in the current condition.
The property is located at 730 NE Virginia Avenue on the corner of Virginia Avenue and Kline Avenue. It carries COMMERCIAL zoning and is served by public water and public sewer. Parking is available on the street. The building includes a mix of above-grade and walkout basement access points, with improvement needs noted in the current condition.
Key Highlights
- 18‑unit apartment building on a 0.15‑acre parcel
- 5,860 square feet; built in 1920
- COMMERCIAL zoning in Norton, VA 24273
Property Analytics
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Lease Details
18
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
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Business Placement
Demographics for 24273, VA
5,730
Population
2,690
Households
2.1
Avg Household Size
42
Median Age
13%
College-Educated
84%
High-School Grad
64.5 sq mi
ZIP Area
89
Density / Sq Mi
$39,797
Median Household Income
$34,863
Median Earnings
$678
Median Rent
$105,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Commercially zoned multifamily property with individually metered electric units and public water and sewer.
Where is this apartment building located?
The property is located at 730 NE Virginia Avenue Norton, VA.
What is the asking price?
The asking price for this property is $60,000.
What are key features of this property?
This property features: 18‑unit apartment building on a 0.15‑acre parcel; 5,860 square feet; built in 1920; COMMERCIAL zoning in Norton, VA 24273
