Danville, VA Multifamily Homes & Duplexes for Sale

/6
$70,000
- 2,464 Sq Ft
324 E Thomas St, Danville, VA 24540

Prime investor opportunity! This duplex is a diamond in the rough, offering major upside potential with a value-add renovation. Currently priced below market, it's perfect for investors looking to force appreciation and boost cash flow. Strong rental demand in the area ensures high returns once updated. Bring your contractor and turn this into a high-performing asset—ideal for building long-term

Ivy Stewart Real Broker LLC

324 E Thomas St, Danville, VA 24540
/8
$160,000
- 2 Beds
- 2 Baths
- 584 Sq Ft
407 Industrial Ave, Danville, VA 24541

Duplex at the corner of Industrial Ave & Goodyear Blvd. There are 2 units side by side. Both units are 1 bedroom, 1 bathroom, kitchen, living room and have their own electric meter. There are also replacement windows. This investment property is income producing now but the land has the potential to have a commercial usage. This property has great future potential.

Diron Clements WILKINS & CO., REALTORS, INC.

407 Industrial Ave, Danville, VA 24541
/35
$159,000
- 3 Beds
- 2 Baths
- 1,384 Sq Ft
1137 Paxton St Unit 1139, Danville, VA 24541

Beautifully renovated duplex minutes from Caesars Casino. One unit offers 1 bed/1 bath, the other 2 beds/1 bath—ideal for investors or owner-occupants. Both feature new LVP flooring throughout, fresh interior paint, updated kitchens with new countertops, stylish backsplash, stoves, and fully remodeled baths. One unit includes a vented microwave. New mini splits provide heat and A/C, plus natural

Kimberly Fowlkes KELLER WILLIAMS

1137 Paxton St Unit 1139, Danville, VA 24541
/15
$169,900
- 4 Beds
- 2 Baths
- 2,128 Sq Ft
122 Rocklawn Ave, Danville, VA 24540

Duplex, Multi-Family Housing located in North Danville. This 2-unit building has a ground level apartment that has 2 bedrooms, 1 bathroom, kitchen and a living room. There is another unit upstairs that has the same configuration. This investment property would make it easy for the owner/landlord to have the convenience of collecting 2 rental payments with 1 stop. Considering that multi-family

Diron Clements WILKINS & CO., REALTORS, INC.

122 Rocklawn Ave, Danville, VA 24540
/3
$159,900
- 2 Beds
- 2 Baths
- 1,277 Sq Ft
504 3rd Ave Unit 506, Danville, VA 24540

Investment Opportunity! Duplex with 2 Units. Both 1 bedroom, 1 bath. Roof replaced in 2023. Unit 1 water heater replaced in 2024, Unit 2 water heater less than 6 years old. Washer/dryer hookup in both units. 100% Tenant Occupied with tenants in place over 10 years. Water provided by landlord. Being sold in "as is" condition.

Dana Nelson ELIZABETH WARE REALTORS

504 3rd Ave Unit 506, Danville, VA 24540

Virginia Danville

Why Live in Danville

Danville, Virginia, located near the North Carolina border, is a small city that emphasizes outdoor recreation and cultural festivals. The city features an extensive trail system, including 10 to 11 miles of paved Riverwalk Trail along the Dan River and 30 miles of unpaved mountain biking trails at Angler’s Ridge. Future developments include a multi-million-dollar Riverfront Park with river access, a splash pad, and a playground, as well as a whitewater channel project along an old industrial canal. Danville hosts various community festivals and events, such as the Carrington Pavilion summer concert series, performances by the Danville Symphony Orchestra, and the annual Children’s Festival. The Danville Museum of Fine Arts and the Danville Farmer’s Market are also popular attractions. Housing in Danville is affordable, with single-family homes ranging from fixer-upper Cape Cods and bungalows to renovated ranch-style and midcentury homes. Larger colonial-inspired homes from the early 1900s are also available. The city’s parks and recreation department offers numerous programs for residents of all ages. Galileo Magnet High School, part of the Danville Public Schools district, is highly rated. Downtown features local restaurants like Cheyna’s Waffle Spot and Nana Karen's on Main, while major shopping chains and fast-food joints are concentrated around the Danville Mall. Danville’s access to Route 29 and Route 86 provides convenient travel to nearby cities like Greensboro and Raleigh.

Learn more about living in Danville

Home Trends in Danville, VA

On average, homes in Danville, VA sell after 79 days on the market compared to the national average of 51 days. The median sale price for homes in Danville, VA over the last 12 months is $160,000, up 8% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$160,000

Median Single Family Sale Price

$172,000

Median Townhouse Sale Price

$117,500

Median 2 Bedroom Sale Price

$244,000

Average Price Per Sq Ft

$113

Number of Homes for Sale

158

Last 12 months Home Sales

566

Months of Supply

3.30

Median List Price

$179,900

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Danville, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $70,000 to $169,900, there's a range to accomodate every budget. As of July, 2025 the median home price in Danville is $179,900, while the average sale price is $185,397, offering insights into the local housing market. On average, multi-family homes spend 79 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Danville, VA.

Danville Types of Homes for Sale

Danville Real Estate Listings

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