202-331-7000
420 S 21st Ave, Hopewell, VA for Sale
Apartments - FOR SALE
1/25
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420 S 21st Ave
Hopewell, VA 23860


HIGHLIGHTS

  • Compelling Value-Add Opportunity
  • Demonstrated Leasing Momentum
  • Significant Mark-to-Market Potential
  • Strategic Hopewell Location
  • Proximity to Fort Lee

OVERVIEW

Newmark is pleased to present the exclusive opportunity to acquire Madison Terrace (the “Property”), a well-located value-add multifamily community in Hopewell, Virginia. Ideally positioned just minutes from Fort Lee, the Property benefits from a strong and diverse employment base driven by military personnel, government agencies, and the greater Tri-Cities workforce, providing a stable foundation for long-term rental demand.

FOR SALE DETAILS

PRICE

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# OF UNITS

76

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Madison Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

79

LAND DETAILS

LAND ACRES

3.8 AC

LAND SF

165,528 SF

ZONING

R-4

APN/PARCEL ID

013-2265,013-2465,013-2650,013-2655

ASK ABOUT THIS PROPERTY

Charles WentworthNewmarkMore Info
202-331-7000

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Charles WentworthNewmarkMore Info
202-331-7000

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