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Smith Mountain Lake Real Estate for Sale

540-721-1488 | 540-529-4229 Cell
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105 N Lexington AVE, Covington, VA 24426 (MLS# 932012)

105 N Lexington AVE, Covington, VA 24426

New Listing
$106,950
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Property Type: MultiFamily Lot Size (sq. ft.): 5,663 Status: Active
Current Price: $106,950 List Date: 10/04/2026 Last Modified: 10/04/2026

Overview

Description

Income-Producing Duplex Opportunity in Covington, VA Investor alert. Whether you're looking to expand your portfolio or live in one unit while renovating the other, this duplex delivers both immediate value and future upside. The lower level features a mostly finished 2 bedroom, 1 bath unit with substantial updates already completed. Improvements include new flooring, a brand new HVAC system with central air, updated electrical, fresh paint, and a renovated kitchen with new cabinets and countertops. The bathroom has also been tastefully updated. The heavy lifting is done, making this unit move-in or rent-ready from day one. Half the work is complete. The rest is your opportunity to maximize value and build equity. School District: Elementary: Jeter-Watson Elementary School Middle: Covington Middle School High: Covington High School If you've been waiting for a property that blends updates, upside, and income potential, this is it. Schedule your showing today!

Listing Details MLS# 932012

Location, Tax & Legal

Area
2600 - City of Covington
Street Number
105
Street Direction Pfx
N
Street Name
Lexington
Street Suffix
AVE
State/Province
VA
Zip Code
24426
Subdivision
N/A
Municipality
City of Covington
Elementary School
Other - See Remarks
Middle School
Other - See Remarks
High School
Other - See Remarks
Major Area
26 - City of Covington
Phase
0
Lot
No
Block
No
Tax ID
13-A-22
Annual Taxes
280
Section
No
POA Y/N
No

General Property Description

Multi-Family Type
Duplex
Construction Status
Completed
Year Built
1900
Number of Units
2
Gross Bldg SQFT
2090
Total Acreage
0.13
Basement Y/N
Yes
Parking Description
Other - See Remarks
Water Class
N/A
# Furnished
0
# Unfurnished
0
# Leased Units
0
Gross Income
0

Remarks & Misc

Public Remarks
Income-Producing Duplex Opportunity in Covington, VA Investor alert. Whether you're looking to expand your portfolio or live in one unit while renovating the other, this duplex delivers both immediate value and future upside. The lower level features a mostly finished 2 bedroom, 1 bath unit with substantial updates already completed. Improvements include new flooring, a brand new HVAC system with central air, updated electrical, fresh paint, and a renovated kitchen with new cabinets and countertops. The bathroom has also been tastefully updated. The heavy lifting is done, making this unit move-in or rent-ready from day one. Half the work is complete. The rest is your opportunity to maximize value and build equity. School District: Elementary: Jeter-Watson Elementary School Middle: Covington Middle School High: Covington High School If you've been waiting for a property that blends updates, upside, and income potential, this is it. Schedule your showing today!
Directions
From I-64 E, take exit 14 for US-60/VA-154 toward Covington, turn right onto S Durant Rd, left onto W Main St, and right onto N Lexington Ave

Limited Service

Not Limited Service
Yes

Construction

Vinyl
Yes

More Information

Basement

Partial
Yes

Heating

Baseboard Gas
Yes

Cooling

Central Air
Yes

Water Description

Public
Yes

Sewer Description

Public Sewer
Yes

Owner Expenses

None
Yes

Tenant Expenses

Other - See Remarks
Yes

Property Features

Limited Service: Not Limited Service Construction: Vinyl Basement: Partial Heating: Baseboard Gas Cooling: Central Air Water Description: Public Sewer Description: Public Sewer Owner Expenses: None Tenant Expenses: Other - See Remarks
Listing Office: VARNEY REALTY PARTNERS
Last Updated: October - 04 - 2026
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.

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Deborah F. Beran Inc.
dba Deb Beran Properties
6655 Scruggs Road
Moneta, VA 24121
540-721-1488 Office
540-529-4229 Cell

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  • Licensed in the Commonwealth of Virginia
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