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18-Unit Apartment Building
For Sale
$60,000

730 Virginia Ave Ne, Norton, VA 24273

Apartments offer individual electric metering, multiple walkout entrances, and public water and sewer service.

Property Size5,860 SF
Price / SF$10.24
Days on Market461

Property Features for 730 Virginia Ave Ne

General Information

Standard status Active
Size 5,860 SF

Property Condition

Severity Repairs Needed
Evidence Needs some TLC

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 18
Listing Agency: Appalachian Realty Executives, LLC
Listed By: Brenda Hill · License #0225080332,
Source: Exprealty
Added: May 27, 2025 Changed: Aug 29 Last Checked: Aug 29 at 3:45PM

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 Appalachian Realty Executives, LLC

Investment Insights

Based on property information with market context.

This 18-unit apartment building has a 5,860-square-foot property size and includes vinyl siding, a stone foundation, a shingled roof, and baseboard heat. Public water and sewer serve the building, while each apartment has its own electric meter. Two basement apartments open directly to Virginia Ave, and first- and second-floor units have walkout access to Eighth St. and Kline Ave.

The property occupies the corner of Virginia Ave and Kline Ave in Norton. Parking is available on the street. The building’s combination of apartment count, separately metered electricity, and multiple exterior access points defines its current physical configuration.

Key Highlights

  • 18‑unit apartment building with 5,860 square feet of property size
  • Each unit has its own electric meter
  • Two basement apartments include walkout access to Virginia Ave

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Auto Parts Store Locksmith (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

429
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartments offer individual electric metering, multiple walkout entrances, and public water and sewer service.
Where is this apartment building located?
The property is located at 730 Virginia Ave Ne 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 with 5,860 square feet of property size; Each unit has its own electric meter; Two basement apartments include walkout access to Virginia Ave
More about this property
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