$425,000

222&230 Randolph Ave Pulaski, VA 24301

Estimated payment $2,424/month

Total Views 2,973
8 Beds
6 Baths
5,168 Sq Ft
$82 Price per Sq Ft

Highlights

  • Mature Trees
  • 2 Fireplaces
  • Baseboard Heating
  • Newly Painted Property
  • Forced Air Heating System
  • Vinyl Flooring

About This Home

High-Performing Multi-Family Investment in a Growing Market!! Check out this exceptional opportunity to own a well-performing rental portfolio in the heart of Pulaski, VA. This offering includes two multi-family buildings at 222 and 230 Randolph Avenue—both recently updated and currently producing strong rental income, with room to grow. The sellers have invested in key capital improvements, including: --Brand new 100-amp electrical panels --High-efficiency vinyl windows throughout both buildings --New shingle roofs on both buildings. Plus, each unit is equipped with separately metered water and sewer, making utility management simple and cost-efficient. Located in an up-and-coming area of Pulaski, these properties are positioned near several major developments, including the highly anticipated new sporting complex—a project expected to significantly boost local demand and economic activity. Additional upside potential: 2 units are currently vacant, giving new ownership the perfect opportunity to set leases at current market rates and implement updated tenant screening and management practices from day one. Whether you're looking to expand your portfolio or break into a promising market, 222 & 230 Randolph Avenue offer a rare mix of immediate cash flow, long-term appreciation, and value-add potential in a rapidly revitalizing community. Don't miss out—schedule your private showing today!

Listing Agent

Ryan Cummins

Keller Williams Realty Roanoke Brokerage Phone: 5402086102 License #0225258315 Listed on: 05/19/2025

Keller Williams Realty Roanoke

Co-Listing Agent

Jessica J. Cornett

Keller Williams Realty Roanoke Brokerage Phone: 5402086102 License #0225274047

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,299

Year Built

  • Built in 1950

Lot Details

  • 0.44 Acre Lot
  • Mature Trees

Home Design

  • Newly Painted Property
  • Brick Exterior Construction
  • Block Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Plaster

Interior Spaces

  • 5,168 Sq Ft Home
  • 2 Fireplaces
  • Insulated Windows
  • Vinyl Flooring
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Stove

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Pulaski Elementary And Middle School
  • Pulaski County High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters
  • Gas Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 52A,59,60,61

Community Details

Overview

  • 6 Units

Building Details

  • Gross Income $4,100
  • Net Operating Income $3,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,299

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.44
  • Road Surface Type: Paved
  • Co List Office Mls Id: 385
  • Co List Office Phone: 540-208-6102
  • Directions: From I-81 take exit 89 and travel north for 4.6 miles into Pulaski. Turn left on Commerce Street and travel .3 miles. Turn right on Randolph Avenue. Travel .1 miles and see property on the right.W/D hookups in the basement of each building supplied by tenant and billed to their water.
  • Above Grade Finished Sq Ft: 5168
  • Structure Type: Multiple Buildings, Side by Side, Two Buildings, Up & Down
  • Year Built: 1950
  • Attribution Contact: 5402086102
  • Special Features: None

Interior Features

  • Appliances: Range/Oven, Refrigerator, Washer, Dryer, Electric Water Heater, 1 Bdrm-Stove, 2 Bdrm-Stove, 1 Bdrm-Refrigerator, 2 Bdrm-Refrigerator
  • Has Basement: Full
  • Basement YN: Yes
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 2584
  • Fireplace Features: Two
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Vinyl, Wood Floors
  • Interior Amenities: Newer Paint
  • Living Area: 5168
  • Window Features: Insulated Windows, Vinyl

Exterior Features

  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Brick, Dry Wall, Plaster
  • Exterior Features: Mature Trees
  • Foundation Details: Block
  • Roof: Shingle

Utilities

  • Laundry Features: Common Area, In Basement
  • Security: Smoke Detector(s)
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Natural Gas
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Natural Gas Connected
  • Water Source: Public
  • Gas Company: Installed

Schools

  • Elementary School: Pulaski
  • High School: Pulaski County
  • Middle Or Junior School: Pulaski

Lot Info

  • Lot Size Sq Ft: 19166.4
  • Zoning: R
  • Irrigation Water Rights: No

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 4100
  • Property Net Operating Income: 3800
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1299.44
  • Tax Lot: 52A,59,60,61
  • Tax Map Number: 072-032-0002-0059 60-62
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 For Sale $425,000 -- $82 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Source: Southwest Virginia Association of REALTORS®

MLS Number: 99820