This 9-unit multifamily portfolio in Hanover County presents a rare investment opportunity in a high-demand residential market. Located at 12603 West Patrick Henry Road in Ashland, VA, the property spans three tax parcels totaling 9.25 acres and includes seven single-family homes and one duplex. Positioned near Hanover Country Club, the portfolio offers a desirable suburban setting with convenient access to major routes, including I-95, and proximity to Randolph-Macon College, retail centers, and local schools. The portfolio generates a projected 2024 Net Operating Income of $75,797, supported by a stable rent roll and professional property management already in place. The county planning department has confirmed that a condominium conversion is permissible under state law without additional restrictions, and draft condo documents have been prepared, providing a clear path for value-add strategies. With a competitive asking price of $1,230,000, this asset offers investors strong current income and significant upside potential through repositioning or redevelopment.