$275,000
- 5 Beds
- 4 Baths
- 2,255 Sq Ft
115 Locust Ln, Danville, VA 24540
Elizabeth Ware ELIZABETH WARE REALTORS
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Danville, VA Multifamily Homes & Duplexes for Sale
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115 Locust Ln, Danville, VA 24540
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Explore Danville
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$425,000
- 7 Beds
- 3 Baths
- 3,826 Sq Ft
205 Randolph St, Danville, VA 24541
205 Randolph St, Danville, VA 24541Elizabeth Ware ELIZABETH WARE REALTORS
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$160,000
- 2 Beds
- 2 Baths
- 584 Sq Ft
407 Industrial Ave, Danville, VA 24541
407 Industrial Ave, Danville, VA 24541Diron Clements WILKINS & CO., REALTORS, INC.
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$159,900
- 2 Beds
- 2 Baths
- 1,277 Sq Ft
504 3rd Ave Unit 506, Danville, VA 24540
504 3rd Ave Unit 506, Danville, VA 24540Dana Nelson ELIZABETH WARE REALTORS
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.
Home Trends in Danville, VA
On average, homes in Danville, VA sell after 64 days on the market compared to the national average of 52 days. The median sale price for homes in Danville, VA over the last 12 months is $305,000, up 12% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$305,000
Median Single Family Sale Price
$308,450
Average Price Per Sq Ft
$145
Number of Homes for Sale
9
Last 12 months Home Sales
31
Months of Supply
3.50
Median List Price
$327,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
12%
In Danville, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. 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
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