Residential Income

Meherrin, VA Residential Income Properties for Sale

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Keysville, VA Green Bay, VA Victoria, VA Farmville, VA Rice, VA Drakes Branch, VA Cullen, VA Crewe, VA
Turnkey 5-Unit Multifamily Property
Updated: Mar 28, 2025
Turnkey 5-Unit Multifamily Property

90 Hatton Lane, Meherrin, VA 23954

$495,000
5,265 sqft 2.66 AC lot
Fully occupied 5‑unit multifamily property with current 100% occupancy (please do not disturb tenants)
Unit mix: four 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit
Generates $4,045/month in rental income and has tenant‑paid utilities (electric, internet, trash, etc.)
Recent upgrade: new drilled well installed April 2024; well water with septic tank sewer
Each unit has central heat and AC (mini‑split in the 1‑bedroom unit) and separate electric meters
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Meherrin, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

Duplex with Singlewide Home
Duplex with Singlewide Home

3359 S Constitution Route, Dillwyn, VA 23936

$215,000
1,524 sqft 3.18 AC lot

A duplex plus singlewide on 3.18 acres, offering flexible living arrangements and rental income options.

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15-Unit Manufactured Housing Portfolio
15-Unit Manufactured Housing Portfolio

5920 Farmville Road, Farmville, VA 23901

$429,900
720 sqft

Portfolio includes a renovated main home, 14 single-wide mobile homes, and a metal shop with attached sheds on one parcel.

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Versatile Duplex in Farmville, VA
Versatile Duplex in Farmville, VA

4644 Farmville Road, Farmville, VA 23901

$425,000
2,300 sqft

2,300 sq ft duplex leased for office use.

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Multifamily Property with Income Growth
Multifamily Property with Income Growth

221 Brickyard Dr, Dillwyn, VA 23936

$4,500,000

Stabilized multifamily asset with income growth and expansion potential.

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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 for Dream Home
Land for Dream Home

15 Farmville Road lot: 3, Meherrin, VA 23954

$44,000
6.67 AC lot

Residential land available in Meherrin, VA, near Briery Lake.

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21.5 Acres Wooded Lot
21.5 Acres Wooded Lot

MOUNTAIN CREEK LAKE SUBDIVISION lot: 9, Green Bay, VA 23942

$250,000
21.50 AC lot

21.5-acre wooded lot in Mountain Creek Lake Subdivision.

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21.5 Acres Wooded Lot
21.5 Acres Wooded Lot

Mountain Creek Road lot: 9, Green Bay, VA 23942

$250,000
21.50 AC lot

21.5-acre wooded lot in Mountain Creek Lake Subdivision.

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Wooded Acreage in Prince Edward
Wooded Acreage in Prince Edward

Lot 25-11 Twenty Two Road, Pamplin, VA 23958

$145,000
17.29 AC lot

Two adjoining parcels totaling 17.29 acres in Pamplin, VA.

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Meherrin, VA Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Meherrin, VA on our real estate platform. These investment opportunities span a total of 5,265 square feet of properties for sale, with an estimated market value of $495,000.

Sale prices for residential income properties in Meherrin, VA start at $495,000, averaging $495,000, and reaching up to $495,000 — 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

Apartment buildings 1
Multifamily properties 1

Demographics Overview

Population 2,364
Population Growth (5Y) +17.5%
Median Household Income $75,382
College Educated 19.1%

Taxes & Financing

Tax Rate (average for all types) 0.43%
Property Tax per SF $10.28 per SF
Tax Rate vs County Average 0.06 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Prince Edward County

New Delisted

Total CRE Inventory on Market (SF)

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