245 College Park Dr
Danville, VA 24541
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Bed
0
Bath
1.43Acres(Lot)
26-unit multifamily property located in a desirable area of Danville, VA. Danville has created over 6,500 new jobs since 2020 due to recent expansions in the industrial and healthcare sectors, as well as the addition of a $640M Caesar's Casino, which is creating a younger and more vibrant community. The current owners have increased operational efficiencies since their purchase in 2024 by curing deferred maintenance and increasing rents. Due to aggressive rental increases, all units have been vacated and released to better qualified tenants. During the turnover and absorption period that units received light renovations (paint, flooring, appliances). Additional upside exists for potential buyers by continuing to increase rents and/or implementing a RUBS system. Current rents are $75/mo bel
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Appliances: Electric Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Heat Pump
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Building Information
Year Built: 1983 Construction Materials: Brick Private Pool: No
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Lot Information
Lot Dimensions: N/A Main Square Feet: 1.43 Acres Lot Size Acres: 1.43 Lot Size Square Feet: 62290.8Property Information
Subdivision: N/A Source Property Type: Residential Income MLS Area Minor: 1500 - City of Danville Property SubType: Apartment Property Age: 43
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Listing Price Information
Listing Price: $2125000
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Tax Information
Parcel Number: 51183 & 51182 Tax Lot: 0 Tax Block: 0 Annual Tax: $10902
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Parking Information
Parking Total: 39 Private
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School Information
Elementary School: Other - See RemarksJunior High School: Other - See RemarksSenior High School: Other - See Remarks -
Location Information
Direction: N on S Main St, L on College Park Dr WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 714 Temple Ave, Danville, VA, 24541 | $135,000 | 2 | 1 | 820 | 0.08 Acre |
| 46 Fairfield Avenue, Danville, VA, 24541 | $99,900 | 2 | 1 | 996 | -- |
| 65 Stokesland Ave, Danville, VA, 24541 | $99,000 | 2 | 1 | 1,680 | 0.21 Acre |
| 117 Glen Oak Drive, Danville, VA, 24541 | $110,000 | 2 | 1 | 960 | 0.20 Acre |
| 65 Glen Oak Drive, Danville, VA, 24541 | $105,000 | 2 | 1 | 1,058 | 0.20 Acre |
| 4135 Westover Drive, Danville, VA, 24541 | $299,800 | 3 | 2 | 1,407 | 1.37 Acres |
| 261 Target Drive Dr, Danville, VA, 24541 | $2,000,000 | 6 | 4 | 2,900 | 5.50 Acres |
| 2345 Berry Hill Road, Danville, VA, 24541 | $1,725,000 | 3 | 2 | 4,902 | 32.11 Acres |
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ByOwner last updated this listing 09/19/2026 @ 12:55
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