$385,000
SOLD APR 15, 2025

16033 Steinman Rd Abingdon, VA 24210

-- Bed
-- Bath
-- Sq Ft
2.29 Acres

Recently Sold

Highlights

  • Deck
  • No HOA
  • Carpet
  • E.B. Stanley Middle School Rated A-
  • Cooling Available
  • Heat Pump System

About This Home

As of April 2025

Great Investment Opportunity! Four large units that are in great shape with most of the remodeling already done! The two upper units also have large decks. New paved driveway in 2023. Security cameras already in place. Lower level has a garage for storage or parking. All units have a range and refrigerator; 3 units have dishwashers All units have been rented with no smoking and no pets. Total gross rental income is around $46,500 per year. Owner pays for water/trash. Great cash flow! Property is on 2.29 acres with the potential for additional properties.

Last Agent to Sell the Property

Carla Dunn

PREMIER HOMES & PROPERTIES License #282714 Listed on: 03/01/2025

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,107

Year Built

  • Built in 1996

Lot Details

  • 2.29 Acre Lot
  • Sloped Lot
  • Property is in good condition

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Insulated Windows
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Deck

Schools

  • Abingdon Elementary School
  • E. B. Stanley Middle School
  • Abingdon High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 104 6 3 006930
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $46,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,107

Year Built

Built in 1996

Lot Details

0

Parking

1

Listing Details

  • Directions: Porterfield Hwy S.W. (U.S. 19N) towards Hansonville/Bluefield; go 1.2 miles and turn right on VA-1533. Turn Right on Rustic Lane. Turn Left on Steinman Road. Go .1 mile and property is on the right. See sign.
  • Prop. Type: Multi Family
  • Building Stories: 2
  • Year Built: 1996
  • Garage Garage Spaces: 1
  • Property Sub Type: Quadruplex
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Other
  • Unit Levels: Two
  • New Construction: No
  • Appliances Refrigerators: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Structure Type:Quadruplex: Yes
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Flooring: Vinyl, Carpet
  • Window Features: Insulated Windows
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Shingle
  • Acres: 2.29
  • Topography: Sloped
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck
  • Window Features:Insulated Windows: Yes

Garage/Parking

  • Parking Features: Driveway, Asphalt
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Driveway: Yes
  • Parking Features:Asphalt2: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Connected, Cable Connected
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Abingdon
  • High School: Abingdon
  • Middle Or Junior School: E. B. Stanley

Lot Info

  • Zoning: Commercial
  • Lot Dimensions: 2.29 Acres
  • Lot Size Sq Ft: 99752.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 104 6 3 006930
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 46500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2025
Closed on
Apr 14, 2025
Sold by
Feeback Sherri R and Brown Sherri R
Bought by
Mj Barsco Llc
Seller's Agent
Carla Dunn
PREMIER HOMES & PROPERTIES
Buyer's Agent
Non Member
NON MEMBER
List Price
$385,000
Sold Price
$385,000
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.73%
Original Mortgage
$327,250
Outstanding Balance
$326,686
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving
Estimated Equity
$47,425
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $385,000 Investors Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $327,250 Credit Line Revolving
Previous Owner $240,450 New Conventional
Previous Owner $159,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Sold $385,000 0.0% --
03/01/2025 03/01/25 Pending -- -- --
03/01/2025 03/01/25 For Sale $385,000 -- --
Source: Tennessee/Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,107 $320,600 $57,700 $262,900
2024 $1,107 $184,500 $45,200 $139,300
2023 $1,107 $184,500 $45,200 $139,300
2022 $1,107 $184,500 $45,200 $139,300
2021 $1,107 $184,500 $45,200 $139,300
2019 $1,141 $181,100 $45,200 $135,900
2018 $1,141 $181,100 $45,200 $135,900
2017 $1,141 $181,100 $45,200 $135,900
2016 $1,217 $193,100 $47,700 $145,400
2015 $1,217 $193,100 $47,700 $145,400
2014 $1,217 $193,100 $47,700 $145,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9976658

Tennessee/Virginia Regional MLS

APN: 104-6-3