$4,500,000
Original price: $4,650,000
Studio
50,000 sqft (on 5 acres)
201 Brickyard Dr, Dillwyn, VA 23936
Est. Mortgage $26,170/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1986
5 acre lot
$90/sqft
Local Information
- Map ViewExplore the area around 201 Brickyard Dr.
- Schools2 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
2026 through June 30 (first half) just uploaded; new water meters installed to separate out the water expense; increasing NOI by about $24,000 annually starting the second half of 2026.
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.
2026 through June 30 (first half) just uploaded; new water meters installed to separate out the water expense; increasing NOI by about $24,000 annually starting the second half of 2026.
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.
Last check for updates: about 18 hours ago
Listing courtesy of Heather Placer Mull
Shaheen Ruth Martin & Fonville, (804) 288-2100
Ryder Mull, (804) 350-5160
Shaheen Ruth Martin & Fonville, (804) 288-2100
Originating MLS: Central Virginia Regional MLS
Source: CVRMLS, MLS#2430747
Also Listed on CVRMLS.
Home Details for 201 Brickyard Dr
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Dimensions and Layout Living Area: 50000 Square Feet |
Appliances & Utilities Appliances: Electric Water Heater |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: Two |
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Exterior Home Features Roof: Composition |
Parking & Garage No Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 180+ |
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Year Built Year Built: 1986 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Condominium, Multi FamilyArchitecture: Two Story,Low Rise |
Building Construction Materials: Brick Veneer, Block |
Property Information Parcel Number: 125320B |
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Price List Price: $4,500,000Price Per Sqft: $90 |
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MLS Status: Active |
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Direction & Address City: DillwynCommunity: None |
School Information Elementary School: BuckinghamJr High / Middle School: BuckinghamHigh School: Buckingham |
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Listing Agent Listing ID: 2430747 |
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Community Features: Playground |
Other Playground |
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Association for this Listing: Central Virginia Regional MLS |
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Lot Area: 5 Acres |
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Business Information Ownership: Individuals |
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Mls Number: 2430747Living Area Range Units: Square FeetAttic: NoneAttribution Contact: info@srmfre.comAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-51029-N-125320B-R-N |
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PlaygroundDays On Market Replication: 619 |
Around this home
- Buckingham County Primary School
- K-2
- Public
- 361 Students
5/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Buckingham County Elementary School
- 3-5
- Public
- 351 Students
5/10GreatSchools RatingParent Rating AverageOur experience here have been overall excellent. Great principal and very good teacher.Parent Review4y ago
What Locals Say about Dillwyn
At least 6 Trulia users voted on each feature.
100 % Say parking is easy
89 % Say yards are well-kept
83 % Say there's wildlife
79 % Say car is needed
63 % Say people would walk alone at night
63 % Say there's holiday spirit
58 % Say it's quiet
56 % Say neighbors are friendly
56 % Say they plan to stay for at least 5 years
43 % Say there are sidewalks
29 % Say it's walkable to grocery stores
29 % Say kids play outside
27 % Say it's dog friendly
27 % Say it's walkable to restaurants
25 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
Market trends in Dillwyn
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
16
1MoM
Home Value
Trulia Estimate
$1.56MSince last month
Decreased$422K (-21.2%)Since last year
Decreased$422K (-21.2%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value decreased by -21% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $1.56M |
| August 2026 | $1.99M |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
3.32 | Multi-Family Home | $210,000 | 11/12/25 | 6 | 3 | 1,827 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.14 | $259,000 | 2 | 1 | 1,546 | For Sale | |
0.22 | $284,100 | 5 | 3 | 2,065 | Off Market | |
0.29 | $184,600 | 2 | 1 | 1,418 | Off Market | |
0.32 | $79,900 | 3 | 1 | 966 | Recently Sold | |
0.34 | $220,900 | 2 | 1 | 1,102 | Off Market | |
0.37 | $210,000 | 3 | 1 | 1,060 | For Sale | |
0.41 | $192,000 | 3 | 2 | 1,352 | Recently Sold | |
0.42 | $270,600 | 3 | 2 | 1,208 | Off Market | |
0.46 | $138,600 | 2 | 1 | 1,206 | Recently Sold | |
0.46 | $203,000 | 3 | 2.5 | 2,012 | Off Market | |
0.46 | $277,200 | 3 | 2 | 1,305 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Mar 9, 2025 Source: CVRMLS #2430747 | PriceChange | $4,500,000 Price decreased by 3% |
Nov 27, 2024 Source: CVRMLS #2430747 | Listed For Sale | $4,650,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Heather Placer Mull, Shaheen Ruth Martin & Fonville, (804) 288-2100
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
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Frequently asked questions about 201 Brickyard Dr
- What is the estimated monthly payment for 201 Brickyard Dr?Based on a $4,500,000 list price with 20% down at today's rates, the estimated monthly payment for 201 Brickyard Dr in Dillwyn, VA is approximately $26,510 (about $24,485 principal & interest, $1,950 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Dillwyn?Residents describe Dillwyn, VA as easy to park in, well-kept, and quiet. Most residents say you need a car. See homes for sale in Dillwyn, VA.
- What are the closest schools to 201 Brickyard Dr?The closest schools to 201 Brickyard Dr in Dillwyn, VA are Buckingham County Elementary School (rated 5/10), Buckingham County High School (rated 5/10), Buckingham County Middle School (rated 3/10).
- What is 201 Brickyard Dr estimated to be worth?Trulia's estimated value for 201 Brickyard Dr in Dillwyn, VA is $1,563,600.
- Does 201 Brickyard Dr have air conditioning?Yes, 201 Brickyard Dr in Dillwyn, VA has air conditioning.
201 Brickyard Dr, Dillwyn, VA 23936 is a studio, 50,000 sqft multi-family built in 1986. This property is currently available for sale and was listed by CVRMLS on Nov 27, 2024. The MLS # for this home is MLS# 2430747.