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    Independence, VA Multifamily Properties for Sale

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    Galax, VA Sparta, NC Elk Creek, VA Fries, VA Ennice, NC Piney Creek, NC Mouth Of Wilson, VA Laurel Springs, NC
    Three-House Multifamily Property
    Updated: Jul 20
    Three-House Multifamily Property

    111-125 Library, Independence, VA 24348

    $375,000
    1,808 sqft 0.50 AC lot
    Three separate houses offered together at 111‑125 Library Street
    111 Library Street includes 2 separate units
    125 Library Street has 4 bedrooms and 2 baths
    117 Library Street has 2 bedrooms and 1 bath
    Units are currently rented and shown by appointment
    View details
    Furnished Triplex
    Updated: Jan 13
    Furnished Triplex

    1165 N Independence Ave, Independence, VA 24348

    $219,000
    3,181 sqft 0.48 AC lot
    Three furnished apartments, each with 2 bedrooms and 1 bathroom
    3,181 square feet on 0.48 acres
    New mini split in Unit A and recently added heat pump in Unit C
    Newer roof with shingle and metal roofing
    Public water and public sewer; RES zoning
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    Furnished Triplex
    Furnished Triplex

    1165 N Independence Avenue, Independence, VA 24348

    $219,000
    3,181 sqft

    Each apartment comes furnished with a stove and refrigerator, while residents pay their own utility costs.

    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 3 Active listings in Independence, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 2 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.

    Apartment Building with Historic Features
    Apartment Building with Historic Features

    765 Water Wheel Road, Galax, VA 24333

    $550,000
    2,788 sqft 3.30 AC lot

    Efficiency apartments with shared laundry, accessible design elements, and separate historic structures on a wooded stream property.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    765 Water Wheel Rd, Galax, VA 24333

    $550,000
    2,788 sqft

    Five efficiency apartments include one accessible unit, mini-split heating and cooling, and shared laundry space.

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    Five-Building Apartment Portfolio
    Five-Building Apartment Portfolio

    18,40,90 & 226, 236 Glade Valley Church & Triad, Glade Valley, NC 28627

    $1,149,000
    3.71 AC lot

    Occupied rental property includes residential apartments, a post office, and additional storage space.

    View details
    14-Unit Multifamily Property
    14-Unit Multifamily Property

    18,40,90 & 226, 236 Glade Valley Church & Triad, Glade Valley, NC 28627

    $1,149,000

    Five buildings offer a residential unit mix alongside a post office, with all 14 units occupied by full-time tenants.

    View details

    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.

    Unrestricted Land with River Frontage
    Unrestricted Land with River Frontage

    no # Edna Perry Road, Crumpler, NC 28617

    $215,000
    20.67 AC lot

    20+ acres of unrestricted land with New River frontage.

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    Mobile Home Park with Existing Homes
    Mobile Home Park with Existing Homes

    134/190 Galilee Church Road, Wytheville, VA 24382

    $525,000
    8.29 AC lot

    Income-producing property with multiple residential structures, public water, septic infrastructure, fencing, and four detached outbuildings.

    View details

    Off-Market Properties in Independence, VA

    Consider similar Off-Market properties in Independence, 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.

    Independence, VA 24348
    APARTMENT HOUSE (UNDER 5 UNITS)

    Independence, VA 24348

    Estimated value:
    $305,000
    10,504 sqft 0.90 AC lot
    View details
    196 Cloverdale Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    196 Cloverdale Rd, Independence, VA 24348-4584

    Estimated value:
    $285,000
    750 sqft 2.40 AC lot
    View details
    226 Nichols Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    226 Nichols Dr, Independence, VA 24348-3888

    Estimated value:
    $255,000
    4,800 sqft
    View details
    502 Independence Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    502 Independence Ave, Independence, VA 24348-5031

    Estimated value:
    $310,000
    3,616 sqft 2.38 AC lot
    View details
    1165 Independence Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1165 Independence Ave, Independence, VA 24348-5056

    Estimated value:
    $225,000
    3,181 sqft 0.48 AC lot
    View details
    119 Bedwell St
    APARTMENT HOUSE (UNDER 5 UNITS)

    119 Bedwell St, Independence, VA 24348-9511

    Estimated value:
    $235,000
    4,480 sqft
    View details

    Independence, VA Multifamily Properties Market Trends and Statistics

    Explore 9 multifamily properties for sale in Independence, VA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 8,170 square feet of properties for sale, with an estimated market value of $813,000.

    Sale prices for multifamily properties in Independence, VA start at $219,000, averaging $271,000, and reaching up to $375,000 — 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

    Triplexes 2

    Demographics Overview

    Population 5,095
    Population Growth (5Y) +15.6%
    Median Household Income $42,408
    College Educated 18.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    24348 $297K

    Taxes & Financing

    Tax Rate (average for all types) 0.57%
    Property Tax per SF $8.04 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Grayson County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Independence, VA

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    Most Searched ZIP Codes in Independence, VA

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    Featured Independence Real Estate Agencies

    Realmo connects you with licensed Independence CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Angela Brown & Associates Real Estate LLC
    2682 Grayson Parkway Independence, VA 24348
    Phone: (276) 773-2256
    www.abrownrealestate.com
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