Investment opportunity! This two-story property features a retail space on the ground level and seven residential units on the second floor. The residential units consist of six efficiency apartments and one 1-bedroom unit. Each unit is equipped with ranges, refrigerators, and insulated windows. Tenants enjoy the comfort of central air and heat, provided by separate heat pump. The main-level retail space, while currently vacant, offers a lease potential of $1,500.00 to $2,500.00 per month. It has oil heat and central air. Owner covers insurance, electricity for common areas, exterior maintenance, water/sewer, and property taxes. Showings for one apartment unit and the street-level retail space can be scheduled prior to contract signing. The remaining six residential units will be shown post-contract, with buyer approval required at the time of any inspections. Don't miss this unique opportunity to own a mixed-use property with great rental income potential!
For sale
$399,900
201 S Main St, Gretna, VA 24557
--beds
10,004sqft
Multi Family
Built in 2004
-- sqft lot
$-- Zestimate®
$40/sqft
$-- HOA
What's special
Separate heat pumpInsulated windowsCentral airOil heatCentral air and heat
- 294 days |
- 107 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Robert Dawson 434-841-0890 robertdawsonrealtor@outlook.com,
BHHS Dawson Ford Garbee 434-385-0015
Source: LMLS,MLS#: 362917
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Forced Warm Air-Oil, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Electric Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator), Unit 4(Range/Oven, Refrigerator), Unit 5(Range/Oven, Refrigerator), Unit 6(Range/Oven, Refrigerator)
- Laundry: Individual Laundry
Features
- Flooring: Carpet, Vinyl
- Has fireplace: Yes
Interior area
- Total structure area: 10,004
- Total interior livable area: 10,004 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 0.26 Acres
Details
- Foundation area: 0
- Parcel number: 2530163949
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Drywall, Paneling, Block, Brick, Vinyl Siding
Condition
- Year built: 2004
Utilities & green energy
- Electric: Indiv Meter/Electric
- Sewer: City
- Water: City
Community & HOA
Community
- Features: Shopping Nearby
- Security: Unit 1 Smoke Alarm, Unit 2 Smoke Alarm, Unit 3 Smoke Alarm, Unit 4 Smoke Alarm, Unit 5 Smoke Alarm, Unit 6 Smoke Alarm
Location
- Region: Gretna
Financial & listing details
- Price per square foot: $40/sqft
- Annual tax amount: $2,498
- Date on market: 11/4/2025
- Cumulative days on market: 295 days
- Lease term: 12 Months
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Price change | $399,900-5.9%$40/sqft |
Source:  LMLS #362917 Report a problem | ||
| 11/4/2025 | Listed for sale | $425,000$42/sqft |
Source: LMLS #362917 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 24557
Nearby schools
GreatSchools rating
- 7/10Gretna Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Gretna Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Gretna High SchoolGrades: 9-12Distance: 0.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
