Courtesy: Century 21 Realty @ Home
Janet Miller
434-390-7977
Prime location on the main corridor of Dillwyn, VA. This well maintained mixed use commercial building was fully gutted and updated with new electric, public water, and public sewer. The upper level offers two updated apartments, while the lower level features approximately 1,726 sq ft of commercial space ready for build-out. Strong rental income potential from both residential and commercial components makes this an excellent investment opportunity
Looking for a home to live in and also have rental income to make your house payment. These homes are located just north of Dillwyn and about 40 min. south of Charlottesville. THere is a Duplex and a singlewide home on this 3 acre parcel. They share a well and each have their own septic.,Formica Counter
Owner Says SELL! Two homes for one price GREAT INVESTMENT! You'll find a 4 bed, 2 bath ranch home with carport and fenced-in back yard and BRAND SPANKIN' NEW METAL ROOF! The cozy bungalow has 2 beds and 1 bath for mother-in-law, family, and friends! Tall trees provide shade in summer and windbreaks in winter. Easy access to Rt 20, town, schools, you will find Troublesome Creek is no trouble at all! Call us! You'll see!
Courtesy: Shaheen Ruth Martin & Fonville
Heather Placer Mull
804-288-2100
This well-performing multifamily property offers strong in-place cash flow with continued growth potential. Revenue has increased steadily year over year, with the most recent reporting period (2025) reflecting a 22% increase in NOI from year-end 2024 to year-end 2025, driven by a 30% increase in rents — with additional upside remaining for future rent optimization. Extensive renovations and upgrades completed in recent years make this a turnkey asset with operational stability and attractive value-add opportunity. The property includes 28 two-bedroom / one-bath units and 12 three-bedroom / 1.5-bath units. The three-bedroom units feature in-unit washer/dryer hookups, while the two-bedroom units are served by a central laundry facility. Occupancy has remained consistently strong, supported by a tenant waiting list. Preliminary review indicates the potential to add up to eight additional units (buyer to verify approvals and requirements with the county as part of due diligence). This is a rare opportunity to acquire a stabilized, cash-flowing multifamily asset with meaningful income growth and expansion potential. Property Highlights • Stabilized property with proven operating performance • 22% NOI increase/30% rent growth in most recent year (2024–2025) • Turnkey with numerous recent renovations • Unit mix: 28 (2BR / 1BA) + 12 (3BR / 1.5BA) • Washer/dryer hookups in 3BR units • Central laundry for 2BR units • Consistently high occupancy with waiting list • Potential for up to 8 additional units (verify with county) Showing Instructions: Please DO NOT visit the property or engage with tenants or on-site personnel without prior coordination with the listing agent. All visits must be scheduled through and accompanied by the listing agent.
Dillwyn is located in Virginia. Dillwyn, Virginia has a population of 570. Dillwyn is more family-centric than the surrounding county with 35.43% of the households containing married families with children. The county average for households married with children is 25.23%.
The median household income in Dillwyn, Virginia is $48,790. The median household income for the surrounding county is $49,841 compared to the national median of $69,021. The median age of people living in Dillwyn is 44.5 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 23.8 degrees. The average rainfall is approximately 43.5 inches per year, with 12.9 inches of snow per year.
