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    Covington, VA Multifamily Properties for Sale

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    Low Moor, VA Clifton Forge, VA Iron Gate, VA
    Two-Building Commercial Conversion Opportunity
    $229,999
    0.54 Acres
    Two-Building Commercial Conversion Opportunity

    803 S Lexington Ave, Covington, VA 24426

    Two commercial buildings in an M1-zoned area, offering flexible space for automotive use and potential upper-level conversion.
    • Two commercial buildings (brick construction) with potential for conversion to a mechanic’s shop, apartments, or additional office space
    • Heat pump heating and heat pump cooling
    • Roof is shingle
    • Built in 1932
    • Public water and public sewer
    Updated: Aug 23, 2024
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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 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.

    Historic Multifamily Property
    $2,500,000
    6,031 SF
    Historic Multifamily Property

    Mixed-use multifamily complex with a historic main house, 14 apartments, and a 4-bay garage on 1.32 acres.

    150-156 Courtney Dr, Lewisburg, WV 24901

    View details
    Corner Commercial Land with Access
    $215,000
    1,435 SF
    Corner Commercial Land with Access

    Commercially zoned corner lot on Route 219 with two-sided road frontage and existing handicap-accessible ramp.

    734 Maplewood Ave, Lewisburg, WV 24901

    View details
    Duplex with Two 2BR Units
    $39,500
    2,412 SF
    Duplex with Two 2BR Units

    Duplex offering two 2-bedroom, 1-bath units with recent major system updates.

    617 Rose Avenue, Clifton Forge, VA 24422

    View details
    Clifton Forge Duplex Opportunity
    $39,500
    0.17 Acres
    Clifton Forge Duplex Opportunity

    Duplex in Clifton Forge with two units. Sold AS/IS.

    617 Rose Ave, Clifton Forge, VA 24422

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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.

    Altavista Land For Sale
    $39,900
    1.31 Acres
    Altavista Land For Sale

    1.31 acre multi-family zoned land near Altavista shopping.

    0-Tract 7 Dearing Ford Road, Altavista, VA 24517

    View details
    200 Acres of Opportunity
    $5,500,000
    202.00 Acres
    200 Acres of Opportunity

    200 acres ideal for RV park, campground, or development.

    Rt 460 Crumpecker Hill, Princeton, WV 24740

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    Income-Generating Property on 8+ Acres
    $525,000
    8.29 Acres
    Income-Generating Property on 8+ Acres

    8.29 acres with 10 mobile homes and 1 house.

    134/190 Galilee Church Road, Wytheville, VA 24382

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    Wooded Corner Lot in Fancy Gap
    Contact for pricing
    0.40 Acres
    Wooded Corner Lot in Fancy Gap

    Wooded corner lot near Blue Ridge Parkway and Fancy Gap.

    Apache Trail lot: 8, Fancy Gap, VA 24328

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    Off-Market Properties in Covington, VA

    Consider similar Off-Market properties in Covington, 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.

    325 Walnut St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,952 SF
    Value Estimation by Request

    325 Walnut St, Covington, VA 24426

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    316 Marion Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,420 SF
    Value Estimation by Request

    316 Marion Ave, Covington, VA 24426-1764

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    717 Edgemont Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,640 SF
    Value Estimation by Request

    717 Edgemont Dr, Covington, VA 24426-2768

    View details
    2119 Carpenter Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,320 SF Lot: 0.67 Acres
    Value Estimation by Request

    2119 Carpenter Dr, Covington, VA 24426-2426

    View details
    2405 Carpenter Dr
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,416 SF
    Value Estimation by Request

    2405 Carpenter Dr, Covington, VA 24426-2620

    View details

    Covington, VA Multifamily Properties Investment Opportunities Market Analysis

    Explore 6 multifamily properties for sale in Covington, VA on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $229,999.

    Sale prices for multifamily properties in Covington, VA start at $229,999, averaging $229,999, and reaching up to $229,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 14K
    Population Growth (5Y) +0.2%
    Median Household Income $51,841
    College Educated 18.2%

    High-Yield Neighborhoods for Investment

    Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24426 $230K

    Taxes & Financing

    Tax Rate (average for all types) 0.85%
    Property Tax per SF $5.55 per SF
    Average Loan-to-Value 65.0%

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