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    Richlands, VA
    Residential Income

    Richlands, VA Residential Income Properties for Sale

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    Cedar Bluff, VA Raven, VA Doran, VA Pounding Mill, VA Bandy, VA Jewell Ridge, VA Honaker, VA Tazewell, VA
    Mixed-Use Portfolio with Apartments
    Updated: Jun 23
    Mixed-Use Portfolio with Apartments

    145 Suffolk Ave, Richlands, VA 24641

    $800,000
    17,000 sqft
    17,000 square feet across three adjoining properties
    Five commercial units, one storage space, seven renovated apartments, and one unfinished apartment
    Commercial zoning with office, salon, med‑spa, and retail occupancy
    Separate utilities for all units
    Brick and masonry construction with metal and rubber roofing
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    Duplex with Fenced Corner Lot
    Updated: Apr 16
    Duplex with Fenced Corner Lot

    1903 Fourth St, Richlands, VA 24641

    $155,000
    1,056 sqft 0.34 AC lot
    Two‑unit duplex on a 0.34‑acre fenced corner lot
    Unit 1: updated 1973 doublewide with 2 bedrooms and 2 full baths
    Unit 2: 1‑bedroom, 1‑bath second‑story apartment over a full basement
    Unit 1 includes a covered front porch, rear covered patio, and propane fireplace
    Public water and public sewer serve the property
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 2 Active listings in Richlands, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 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.

    Mixed-Use Property with Garage
    Mixed-Use Property with Garage

    110 Redwood Drive, Raven, VA 24639

    $275,000
    3,616 sqft

    Combined commercial and residential improvements include a service garage, rental units, and public utilities.

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    Multi-Use Garage and Rental Building
    Multi-Use Garage and Rental Building

    110 Redwood Drive, Raven, VA 24639

    $275,000
    3,616 sqft

    Multi-use property with a 3-bay heated office garage and seven income-producing residential units, all currently rented.

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    Mobile Home Park Investment Opportunity
    Mobile Home Park Investment Opportunity

    730 Burley Dr, Saltville, VA 24370

    Contact for pricing
    1,120 sqft 13.64 AC lot

    Mobile home park with expansion potential in Smyth County, VA.

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    Mobile Home Park Investment Opportunity
    Mobile Home Park Investment Opportunity

    730 Burley Dr, Saltville, VA

    Contact for pricing
    13.64 AC lot

    Mobile home park for sale in Smyth County, Virginia.

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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 Sale, Richlands, VA
    Land For Sale, Richlands, VA

    Highland Ave lot: 8-12, Richlands, VA 24641

    Contact for pricing
    0.37 AC lot

    Land for sale in Lake Park area of Richlands.

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    Land with Mountain Views
    Land with Mountain Views

    Airport Road Lot 6, Cedar Bluff, VA 24609

    Contact for pricing
    0.70 AC lot

    Residential land in Cedar Bluff, VA, with mountain views.

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    Land with Mountain Views
    Land with Mountain Views

    Airport Road, Cedar Bluff, VA 24609

    $45,000
    1.40 AC lot

    Residential land in Cedar Bluff, VA, with mountain views.

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    Land with Mountain Views
    Land with Mountain Views

    Airport Road Lot 5, Cedar Bluff, VA 24609

    Contact for pricing
    0.70 AC lot

    Residential land in Cedar Bluff, VA, with mountain views.

    View details

    Off-Market Properties in Richlands, VA

    Consider similar Off-Market properties in Richlands, 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.

    606 Virginia Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    606 Virginia Ave, Richlands, VA 24641-2950

    $635,000
    Estimated value
    4,200 sqft 1.91 AC lot
    View details
    111 Patteson St
    APARTMENT HOUSE (UNDER 5 UNITS)

    111 Patteson St, Richlands, VA 24641-2060

    $310,000
    Estimated value
    4,380 sqft
    View details
    Brown St
    APARTMENT HOUSE (UNDER 5 UNITS)

    Brown St, Richlands, VA 24641

    $255,000
    Estimated value
    2,366 sqft
    View details
    428 Kents Rdg Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    428 Kents Rdg Rd, Richlands, VA 24641-2786

    $275,000
    Estimated value
    2,520 sqft
    View details
    113 Virginia Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    113 Virginia Ave, Richlands, VA 24641-2945

    $260,000
    Estimated value
    3,848 sqft
    View details
    422 Grayson Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    422 Grayson Ave, Richlands, VA 24641-2424

    $170,000
    Estimated value
    1,344 sqft
    View details
    703 1st St
    APARTMENT HOUSE (UNDER 5 UNITS)

    703 1st St, Richlands, VA 24641-3001

    $210,000
    Estimated value
    1,624 sqft
    View details

    Richlands, VA Residential Income Properties Market Trends and Statistics

    Explore 9 residential income properties for sale in Richlands, VA on our real estate platform. These investment opportunities span a total of 18,056 square feet of properties for sale, with an estimated market value of $955,000.

    Sale prices for residential income properties in Richlands, VA start at $155,000, averaging $477,500, and reaching up to $800,000 — 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

    Duplexes 1
    Multifamily properties 1

    Demographics Overview

    Population 5,417
    Population Growth (5Y) -2.4%
    Median Household Income $37,044
    College Educated 20.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    24641 $155K

    Taxes & Financing

    Tax Rate (average for all types) 0.58%
    Property Tax per SF $5.15 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Tazewell County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Richlands, VA

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