$159,900

504 3rd Ave Unit 506 Danville, VA 24540

Estimated payment $877/month

Total Views 573
2 Beds
2 Baths
1,277 Sq Ft
$125 Price per Sq Ft

Highlights

  • Popular Property
  • Wood Flooring
  • 1-Story Property
  • New Roof
  • Window Unit Cooling System
  • Floor Furnace

About This Home

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.

Last Listed By

Dana Nelson

ELIZABETH WARE REALTORS Brokerage Phone: 4348350000 License #0225270207 Listed on: 05/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $336

Year Built

  • Built in 1950

Lot Details

  • 0.27 Acre Lot

Home Design

  • New Roof
  • Composition Roof
  • Asbestos

Interior Spaces

  • 1,277 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Schools

  • G.L.H. Johnson Elementary School
  • O. Trent Bonner Middle School
  • GWHS High School

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $15,600

Listing and Financial Details

  • Assessor Parcel Number 02220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$336

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Attached Units,Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Subdivision Name: N/A
  • Directions: North Main to Third Avenue
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Year Built: 1950
  • Attribution Contact: 4348350000
  • Special Features: None

Interior Features

  • Appliances: One Bedroom Unit(Refrigerator,Range)
  • Owner Pays: Water, Grounds Care
  • Total Bedrooms: 2
  • Door Features: One Bedroom Unit(Storm Doors)
  • Flooring: Vinyl, Wood
  • Living Area: 1277

Exterior Features

  • Construction Type: Asbestos
  • Patio And Porch Features: One Bedroom Unit(Porch)
  • Property Condition: 41 to 75 Years Old
  • Roof: New, 1 to 5 Years Old, Composition

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: On Street, Assigned

Utilities

  • Laundry Features: Individual Laundry Facility
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Natural Gas, Floor Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: No

Schools

  • Elementary School: G.L.H. Johnson
  • High School: Gwhs
  • Middle Or Junior School: O. Trent Bonner

Lot Info

  • Lot Size Sq Ft: 11761.2
  • Parcel #: 02220
  • Zoning: OTR
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Lease Term: Month To Month

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 15600
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 336.15

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
2024 $336 $40,500 $3,600 $36,900
2023 $273 $32,500 $3,600 $28,900
2022 $273 $32,500 $3,600 $28,900
2021 $264 $31,400 $3,600 $27,800
2020 $264 $31,400 $3,600 $27,800
2019 $344 $40,900 $3,600 $37,300
2018 $327 $40,900 $3,600 $37,300
2017 $376 $47,000 $5,400 $41,600
2016 $343 $47,000 $5,400 $41,600
2015 $347 $47,600 $5,400 $42,200
2014 $347 $47,600 $5,400 $42,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $159,900 +424.3% $125 / Sq Ft
06/26/2020 06/26/20 Sold $30,500 -23.6% $24 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
11/26/2019 11/26/19 For Sale $39,900 -- $31 / Sq Ft
Source: Dan River Region Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $30,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $25,925 Credit Line Revolving
Source: Public Records

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Source: Dan River Region Association of REALTORS®

MLS Number: 74328

APN: 02220

Virginia Danville City County Danville 24540

504 3rd Ave Unit 506, Danville, VA

This home is located at 504 3rd Ave Unit 506, Danville, VA 24540 and is currently priced at $159,900, approximately $125 per square foot. This property was built in 1950. 504 3rd Ave Unit 506 is a home located in Danville City.

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Nearby Homes
Listing Agent
Dana Nelson
Section Image
ELIZABETH WARE REALTORS
(434) 686-7045