Danville County, VA Residential income properties for sale

Updated: Jul 9

Six-Unit Apartment Property

2677-& 2689 Old Richmond Road, Danville, VA 24540

$589,900

5,312 sqft 0.95 AC lot

Six total apartment units across two adjacent buildings
All units are configured as 2BR/1.5BA apartments
5,312 square feet on a 0.95‑acre site
New roof, updated windows, and new HVAC systems within the last 5 years
One shared water meter; landlord pays water, trash, and lawn care

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This listing looks promising.

Here's a quick look at some key insights for

2677-& 2689 Old Richmond Road, Danville, VA 24540

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Est. Cap Rate

5.5%
NOI ÷ price
Est. NOI

$32K
Annual
Price @ 7% Cap

$463K
Suggested
Property Type

Apartments (Generic)
Built 1971

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Updated: Apr 11

Multifamily Development Parcel

234 Jenny Ln, Danville, VA 24541

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Development parcel in Flood Zone X
Water and sewer provided by the City of Danville
Preliminary site plan approval
New Caesars Casino development about 5 miles away

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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Danville County, VA, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

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.

26 Acres Multifamily Development Opportunity

234 Eastwood Dr, Danville, VA 24540

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26.00 AC lot

26 acres zoned for high-density multifamily development with utilities.

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Cleared Land Near Caesars Casino

DEER RUN RD, Danville, VA 24540

$4,300,000

63.00 AC lot

63-acre cleared land suitable for residential or commercial development.

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Danville, VA Building Lot

AFTON RD, Danville, VA 24540

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0.73 AC lot

Residential land for sale in Danville, Virginia.

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Danville, VA Building Lot

AFTON RD, Danville, VA 24540

Contact for pricing

0.73 AC lot

Excellent 0.73 acre building lot in a great location.

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Off-Market Properties in Danville County, VA

Consider similar Off-Market properties in Danville County, 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.

Land

800 Main St, Danville, VA 24541

Value Estimation by Request

0.28 AC lot

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Danville County, VA Residential Income Properties Market Trends and Statistics

Explore 3 residential income properties for sale in Danville County, VA on our real estate platform. These investment opportunities span a total of 5,312 square feet of properties for sale, with an estimated market value of $589,900.

Sale prices for residential income properties in Danville County, VA average $589,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.