221 Brickyard Drive, Dillwyn, VA 23936

Dillwyn
Local realty services provided by:Napier Realtors ERA
221 Brickyard Drive,Dillwyn, VA 23936
$4,500,000
  • - Beds
  • - Baths
  • 50,000 sq. ft.
  • Multi-family
  • Active
Listed by: heather placer mull, ryder mull
Office: shaheen ruth martin & fonville
MLS#:2430747
Source:RV

Price summary

  • Price:$4,500,000
  • Price per sq. ft.:$90

About this home

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...

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Home facts

  • Year built:1986
  • Listing ID #:2430747
  • Added:513 day(s) ago
  • Updated:April 25, 2026 at 02:32 PM

Rooms and interior

  • Living area:50,000 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1986
  • Building area:50,000 sq. ft.
  • Lot area:5 Acres
  • Architectural Style:Low Rise, Two Story
  • Construction Materials:Block, Brick Veneer
  • Levels:Two, Two Story

Schools

  • High school:Buckingham
  • Middle school:Buckingham
  • Elementary school:Buckingham

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$4,500,000
  • Price per sq. ft.:$90
  • Tax amount:$10,823 (2024)

Features and amenities

  • Appliances:Electric Water Heater
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