4394 Novell Loop

Dublin, VA 24084

$225,000
Price
4
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investor special: turnkey property with a great rental history! This split-foyer style duplex contains two 2-bedroom, 1.5 bath unitstotaling 1,025 sq ft each. Situated just off of Lee Hwy and Thornspring Rd, the location is ideal and convenient to the many local amenities that Dublinand Pulaski have to offer, resulting in a consistent and competitive tenant pool. Take solace in the fact that ALL major systems have been updated inrecent years, along with consistent maintenance and cosmetic renovations....Investor special: turnkey property with a great rental history! This split-foyer style duplex contains two 2-bedroom, 1.5 bath unitstotaling 1,025 sq ft each. Situated just off of Lee Hwy and Thornspring Rd, the location is ideal and convenient to the many local amenities that Dublinand Pulaski have to offer, resulting in a consistent and competitive tenant pool. Take solace in the fact that ALL major systems have been updated inrecent years, along with consistent maintenance and cosmetic renovations. Being offered at a 7.2% cap rate with the potential to be improved to 8.4%with little-to-no capital expenditures, this property would make a great addition to your investment portfolio or serve as a great foundational propertyfor starting your own!

Property Details for 4394 Novell Loop

View
Mountain(s)
Subdivision Name
N/A
Covered Spaces
16149.0

Location

Listing Courtesy of RE/MAX 8, BRYAN TAYLOR
Add your commute
LISTING UPDATED: 03/17/2025 03:09 PM

Property Details for 4394 Novell Loop

StatusActive
MLS #915259
Days on Market16
Taxes$934 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built1978
Lot Size0.32 AC / 13,939 SF
CountyPulaski County

Building Information for 4394 Novell Loop

Stories-Residences2Year Built1978Building Size-Lot Size0.32 AC / 13,939 SF

Payment Calculator

$1,257 per month

30 year fixed, 6.845% Interest

Principal and Interest

$1,179

Property Taxes

$78

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4394 Novell Loop

Summary
Location and General Information
  • Directions: Heading West on Lee Hwy towards Pulaski, take a Right onto Thornspring Rd. Take an immediate Right onto Novell Loop, property islocated on the corner before April Ln.
  • MLS Area Major: 3000 - Pulaski County
  • City: Dublin
  • State Or Province: VA
  • Postal Code: 24084
  • County Or Parish: Pulaski County
  • MLS Area Minor: 3000 - Pulaski County
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 055-005-0000-0016
  • Tax Block: N/A
  • Tax Lot: 16, 17, & 18
  • Tax Tract Or Section: N/A
  • Tax Amount: $934
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $934
  • Location Legal Taxes - Section: N/A
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Other - See Remarks
  • Middle Or Junior School: Other - See Remarks
  • High School: Other - See Remarks
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Private (1 - 9)
Property
Lot Information
  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Size Units: Acres
  • Lot Size Square Feet: 13939.2
  • General Property Description - Total Acreage: 0.32
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1978
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
Utilities
  • Sewer: Shared Septic
  • Water Description - Public Water: Yes
  • Internet Access - Cable: Yes
  • Internet Access - Current Internet Prov: Xfinity
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Vinyl Siding
Interior Features
  • Water Heater Type - Tank: Yes
  • Water Heater Energy - Electric: Yes
  • Cooling: Zoned
  • Heating: Zoned
  • Basement: Slab
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • General Property Description - Basement: No
  • General Property Description - # Furnished: 0.0
  • General Property Description - # Unfurnished: 2.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • General Property Description - # Leased Units: 2
Income & Expenses
  • Gross Scheduled Income: $18,000
  • Operating Expense: $1,825
  • Insurance Expense: $892
  • General Property Description - Gross Income: $18,000
  • Gross Income: $18,000
  • Net Operating Income: $16,150
Unit 1
  • Unit Number: Type 1
  • Units Total: 1
  • Beds Total: 2
  • Furnished: 1
  • Stories: 1
  • SqFt: 1025
  • Parking: Refrigerator
  • Rent: Range Electric
Unit 2
  • Unit Number: Type 2
  • Units Total: 1
  • Beds Total: 2
  • Furnished: 1
  • Stories: 1
  • SqFt: 1025
  • Parking: Refrigerator
  • Rent: Range Electric
Rental
Rental Information
  • Lease Term: Month-to-Month, One Year
  • Tenant Expenses - All Utilities: Yes
  • Tenant Expenses - Other - See Remarks: Yes

Property History for 4394 Novell Loop

DateEvent & SourcePriceAppreciation
Mar 17, 2025

Listed (Active)

Roanoke Valley Association of REALTORS #915259

$225,000
Jun 23, 2023

Sold (Public Record)

Public Record #11014919899

$160,000

+7.6% / yr

Feb 19, 2018

Sold (Public Record)

Public Record #1284941280

$108,000
DateEvent & SourcePrice
03/17/2025

Listed (Active)

Roanoke Valley Association of REALTORS #915259

$225,000
06/23/2023

Sold (Public Record)

Public Record #11014919899

$160,000

+7.6% / yr

02/19/2018

Sold (Public Record)

Public Record #1284941280

$108,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4394 Novell Loop

Taxable ValueLand$22,000Additions$104,200Total$126,200
Tax Record2024$934 ($78 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)ZoningR1CountyPULASKIAPN055-005-0000-0016

Schools near 4394 Novell Loop

This home is within Pulaski County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Pulaski Elementary School
PublicPK to 5

Pulaski Middle School
Public6 to 8

Pulaski County Sr. High School
Public9 to 12

Pulaski County Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

4394 Novell Loop is a multi-family home for sale in Dublin, VA 24084. This property was listed for sale on March 17, 2025 by RE/MAX 8, it's currently listed at $225,000. It has been on the market for a total of 16 days and was last sold on June 23, 2023. This listing's school district is Pulaski County Public Schools. Nearby schools include Pulaski Elementary School, Pulaski Middle School and Pulaski County Sr. High School. 4394 Novell Loop is a 4-bed, 0-bath, multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 8, BRYAN TAYLOR

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.