Residential Income

Independence, VA Residential Income Properties for Sale

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Galax, VA Fries, VA Elk Creek, VA
Independence, VA Triplex Investment
Updated: Jan 13
Independence, VA Triplex Investment

1165 N Independence Ave, Independence, VA 24348

$219,000
3,181 sqft · 0.48 AC lot
Tri‑plex with three 2 bed/1 bath furnished units, each with a stove and refrigerator
Unit A: new mini split heating/cooling; leased for $750/month
Unit B: central heating; leased for $725/month
Unit C: recently added heat pump and newer roof; leased for $750/month
Currently reports gross annual income of $26,700; tenants pay their own water, sewer, and power
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Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 1 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 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.

Galax Multifamily Investment Opportunity
Galax Multifamily Investment Opportunity

508 W Stuart Dr, Galax, VA 24333

$339,000
3,045 sqft · 0.30 AC lot

Four-unit property with long-term and short-term rental income potential.

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Secluded Mountain Recreational Land
Secluded Mountain Recreational Land

1669 Grinders Mill Road, Galax, VA 24333

$119,500
5.15 AC lot

About 5 acres with trails, well and septic, and storage outbuildings for outdoor recreation in the Grayson County area.

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Apartment Building in Sparta, NC
Apartment Building in Sparta, NC

71 E Cheek Street, Sparta, NC 28675

$425,000
5,952 sqft

Six-unit apartment building with investment potential in excellent location.

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Apartment Building in Excellent Location
Apartment Building in Excellent Location

71 E Cheek Street, Sparta, NC 28675

$425,000

Apartment building with six units, great investment opportunity.

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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.

Wooded Land in Blue Ridge Mountains
Wooded Land in Blue Ridge Mountains

108 Point Lookout Ln. lot: 108, Independence, VA 24348

Contact for pricing
5.30 AC lot

5.3 acre wooded tract near New River and Grayson Highlands.

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Independence, VA Land For Sale
Independence, VA Land For Sale

132 Point Lookout Ln. lot: 132, Independence, VA 24348

$39,900
6.06 AC lot

6.06 acre buildable tract with potential views.

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27+ Acres Wooded Land
27+ Acres Wooded Land

Peach Bottom Road lot: 0, Independence, VA 24348

$179,900
27.41 AC lot

27+ acre wooded property with potential home sites.

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Elk Creek Building Lot
Elk Creek Building Lot

Mountain Meadows Lane lot: #5, Elk Creek, VA 24326

$54,900
7.68 AC lot

Private, secluded 7.68-acre lot with views in Elk Creek.

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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

Value Estimation by Request
10,504 sqft · 0.90 AC lot
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196 Cloverdale Rd
APARTMENT HOUSE (UNDER 5 UNITS)

196 Cloverdale Rd, Independence, VA 24348-4584

Value Estimation by Request
750 sqft · 2.40 AC lot
View details
226 Nichols Dr
APARTMENT HOUSE (UNDER 5 UNITS)

226 Nichols Dr, Independence, VA 24348-3888

Value Estimation by Request
4,800 sqft
View details
502 Independence Ave
APARTMENT HOUSE (UNDER 5 UNITS)

502 Independence Ave, Independence, VA 24348-5031

Value Estimation by Request
3,616 sqft · 2.38 AC lot
View details
1165 Independence Ave
APARTMENT HOUSE (UNDER 5 UNITS)

1165 Independence Ave, Independence, VA 24348-5056

Value Estimation by Request
3,181 sqft · 0.48 AC lot
View details
119 Bedwell St
APARTMENT HOUSE (UNDER 5 UNITS)

119 Bedwell St, Independence, VA 24348-9511

Value Estimation by Request
4,480 sqft
View details

Independence, VA Residential Income Properties Market Trends and Statistics

Explore 7 residential income properties for sale in Independence, VA on our real estate platform. These investment opportunities span a total of 3,181 square feet of properties for sale, with an estimated market value of $219,000.

Sale prices for residential income properties in Independence, VA start at $219,000, averaging $219,000, and reaching up to $219,000 — 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

Multifamily properties 1
Triplexes 1

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 $219K

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)

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