Broadway, VA Multifamily properties for sale

Updated: Apr 1

Two-House Residential Income Property

120 & 114 N CENTRAL ST, Broadway, VA 22815

$214,900

1,925 sqft · 0.20 AC lot

Two houses on one lot; both currently have long‑term renters on month‑to‑month leases
Larger 2‑story home: 1,361 SF with 4 bedrooms and 1.5 bathrooms, including living room and eat‑in kitchen
Smaller dwelling: 564 SF with 2 bedrooms and 1 bathroom, including living room and kitchen with laundry area
Year built: 1932; metal roof
Updates include roof painted in 2017 and recently added blown‑in attic insulation

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This listing looks promising.

Here's a quick look at some key insights for

120 & 114 N CENTRAL ST, BROADWAY, VA 22815

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Est. Cap Rate

8.1%
Above avg (5.9%)
Est. NOI

$17K
Annual
Price @ 7% Cap

$248K
Above asking
Property Type

Single Family Residence
Built 1932

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Updated: Sep 25, 2025

New Construction Duplex with Garage

259 Freemont Circle |, Broadway, VA 22815

$349,900

1,640 sqft

New construction, single‑level duplex built by local craftsman.
Open floor plan ideal for entertaining.
Master suite features a full tile walk‑in shower and custom walk‑in closet.
Oversized mudroom with laundry hookups, deep bay sink, storage, and sitting area.
Double garage for multiple vehicles or storage.

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Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 2 Active listings in Broadway, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Fully Occupied Triplex with Mini-Splits

1341 MT CLINTON PIKE, Harrisonburg, VA 22801

$519,000

4,048 sqft · 0.42 AC lot

Fully occupied triplex featuring three rental units and energy-efficient mini-split heating and cooling.

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Three-Building Apartment Portfolio

990, 992, 994 CHICAGO AVE, Harrisonburg, VA 22802

$3,950,000

15,712 sqft · 1.65 AC lot

Brick multifamily buildings with 32 one-bedroom units offer a straightforward residential income setup.

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Mobile Home Park with 19 Lots

605 CELDONS LN, Elkton, VA 22827

$725,000

1.83 AC lot

Nineteen-lot mobile home park on 1.83 acres in Elkton, VA, with a planned electrical system upgrade.

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19-Lot Mobile Home Park

19-605 Celdons Ln, Elkton, VA 22827

$725,000

1.83 AC lot

Elkton, Virginia 19-lot mobile home park on 1.83 acres with an identified electrical system upgrade.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Land Ready for Development

1 Smithfield Dr, Smithfield, PA 15478

$275,000

8.00 AC lot

8-acre land parcel zoned for mobile home park.

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Morgantown Land For Development

595 Wades Run and Bowlby Road, Morgantown, WV 26501

$2,726,800

68.17 AC lot

68+/- acre parcel suitable for residential or industrial development.

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Off-Market Properties in Broadway, VA

Consider similar Off-Market properties in Broadway, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.