c.1900 Virginia Duplex For Sale Under $110K
OHU50K Notes $109,950
c.1900 Virginia Duplex For Sale. Close to dining. Five bedrooms, two baths total.
Zillow
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.
- 5 beds
- 2 bath
- 2.090 sqft
- 5,662 sqft lot
- Build date 1900
105 N Lexington Ave, Covington, VA 24426 $109,950
- Contact Realtor: Alyshia Merchant – EXP REALTY LLC – FOREST
- Google Map
- Niche
Pros of Living in Covington, VA
Low Cost of Living
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Covington is one of the most affordable places to live in Virginia, with median home prices and rent well below national levels. This makes owning or renting here very budget-friendly.
Small-Town, Friendly Feel
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Residents describe Covington as friendly and community-oriented, with a relaxed pace of life that appeals to families and retirees alike. The sense of neighborhood connection is strong here.
Great Outdoor & Scenic Setting
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Nestled in the Alleghany Highlands and surrounded by forests, rivers, and trails, Covington offers excellent access to outdoor recreation — from hiking and fishing to nearby Lake Moomaw and the Falling Spring waterfall.
Decent Schools (for a Small Town)
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Local public schools typically earn average to slightly above average grades, and strong local sports and community programs are a part of the culture.
Community Activities & Parks
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There are parks, playgrounds, sports complexes, and annual local events that help foster a sense of belonging and give families ways to stay active.
Good for Retirees & Nature Lovers
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Many people moving to Covington choose it for the quiet lifestyle, lower living costs, and proximity to nature, while still having essential services and some shopping available.
Cons of Living in Covington, VA
Small Population & Limited Growth
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With only ~5,600 residents and a slow or slightly declining population, Covington doesn’t have the economic dynamism or diversity you’d find in larger cities, which limits job and social opportunities.
Economy Dominated by Few Employers
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The local economy is heavily dependent on large industry (notably a major paper mill), which means job diversity and opportunities outside a few sectors are limited.
Crime & Safety Concerns Vary by Source
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Crime statistics vary depending on the source: while some reports suggest safety can be reasonable relative to very small towns, other data show Covington’s overall crime rate is higher than average when compared against U.S. cities, especially property crime. Safety also varies significantly by neighborhood.
Fewer Amenities and Nightlife
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Covington doesn’t have many big shopping centers, dining hotspots, or cultural amenities — so residents often travel to larger nearby cities (like Roanoke) for more variety.
Limited Public Transit & Car Dependence
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Getting around without a car is challenging, as public transportation options are minimal, and many jobs, services, and attractions are spread out across the region.
Smaller Job Market & Wage Levels
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Local earnings and economic mobility tend to be lower than in urban or suburban areas, and Covington’s per-capita income is relatively modest.
Mill Odor (Local Anecdotal Issue)
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Some current and former residents report occasional smell issues from the paper mill — something to check for yourself if you’re sensitive to odors.
