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Hopewell, VA Multifamily Homes & Duplexes for Sale

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  • /5

    $550,000

    • 3,600 Sq Ft

    2505 Wakefield St, Hopewell, VA 23860

    Well maintained, fully occupied Quad for sale in Hopewell. Each unit is 2 bed, 1 and a half bath. Great Investment!

    Rolandus Jackson EXP Realty LLC

    2505 Wakefield St, Hopewell, VA 23860
  • /3

    $500,000

    • 3,924 Sq Ft

    2505 Wise St, Hopewell, VA 23860

    2505 is combined with 2507 under 1 tax parcel unlike the 2 units at 2501 & 2503, so you have 2 beds & 1.1 baths in both 2505 A&B as well as 2507 A&B. Sold as is, will NOT go traditional financing.

    Keith Wagner EXP Realty LLC

    2505 Wise St, Hopewell, VA 23860
  • /2

    $250,000

    • 1,962 Sq Ft

    2503 Wise St, Hopewell, VA 23860

    Great investment opportunity here. Duplex each unit A & B have 2 bedrooms & 1.1 baths, the owner has 4 buildings and all are for sale. Sold as is will NOT go traditional financing.

    Keith Wagner EXP Realty LLC

    2503 Wise St, Hopewell, VA 23860
  • /2

    $250,000

    • 1,962 Sq Ft

    2501 Wise St, Hopewell, VA 23860

    Great investment opportunity here. Duplex each unit A & B have 2 bedrooms & 1.1 baths, the owner has 4 buildings and all are for sale. Sold as is, will NOT go traditional financing.

    Keith Wagner EXP Realty LLC

    2501 Wise St, Hopewell, VA 23860
  • /4

    $550,000

    256 E Broadway, Hopewell, VA 23860

    This asset was recently gut renovated and turned into a 4 unit multi-use rental property. Currently the building is fully leased. Divided into 3 newly constructed apartments on the second floor and 1 units on the first floor, 1 unit being retail and the other a storage/workshop.

    Antonino Evola EXP Realty LLC

    256 E Broadway, Hopewell, VA 23860

Why Live in Hopewell

Hopewell, VA, a small city spanning about 11 square miles, is the second-oldest continuously inhabited place in Virginia. Established in 1613, City Point overlooks the Appomattox and James rivers and is a popular park with trails and historical markers. Hopewell, part of Virginia’s Tri-Cities, is home to around 23,000 residents and is located about 20 miles south of Richmond. The city’s recreation is largely centered around its rivers, with the Hopewell City Marina offering a kayak ramp, fishing piers, and access to the James River. Hopewell City Park features a nature-inspired playground, a sandy beach, a fishing pier, and the Hopewell Riverwalk. The city also has the Hopewell Bowling Center, the Appomattox Regional Library, and the Hopewell Community Center. Housing in Hopewell primarily consists of ranch-style houses, with other styles including Cape Cods, modest cottages, and minimal traditional properties. Downtown Hopewell features the Beacon Theatre and a small business district, though many businesses have struggled to stay open. The Boathouse is a notable dining spot. The city is about 9 miles from Southpark Mall, a larger shopping destination. Hopewell’s economy is supported by industry, with companies like Ashland Specialty Ingredients and Honeywell having plants in the city. This industrial presence has led to occasional water-boiling advisories and a higher cancer risk near certain plants. Annual events include the Hopewell Harvest Fest and Light Up the Night. The city is accessible via U.S. Interstate 295 and Virginia State Route 10, with public transportation provided by the Hopewell Circulator bus. Richmond International Airport is about 20 miles away.

Home Trends in Hopewell, VA

Housing Trends

Median Sale Price
$248,235
Median Single Family Sale Price
$249,925
Median Townhouse Sale Price
$155,000
Median 2 Bedroom Sale Price
$278,250
Median 1 Bedroom Sale Price
$217,500
Average Price Per Sq Ft
$178
Number of Homes for Sale
74
Last 12 months Home Sales
343
Months of Supply
2.60
Median List Price
$249,975
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%
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