No photo available
$850,000
Property Description
Turnkey, income-producing multi-family investment in the heart of Louisa County. This recently renovated 4-unit apartment building / 4-plex ( 2 one bedroom units, 2 two bedroom units) offers immediate cash flow with low overhead + steady income, making it a standout opportunity for investors seeking stability and simplicity. All four units are fully leased with active leases in place, providing consistent rental income from day one. Recent updates include stainless steel appliances, ample parking, durable LVP flooring throughout and no carpet, a highly desirable feature for investors focused on low maintenance, reduced turnover costs, and long-term durability. The property has been improved and maintained with ease of ownership in mind, minimizing ongoing expenses and hands-on management. Tenants pay water, sewer, trash, and internet. Centrally located near the Town of Louisa, this fourplex investment property benefits from strong rental demand supported by the area's continued growth, affordability, and small-town charm. Convenient access to Lake Anna, Charlottesville, and Richmond enhances tenant appeal and long-term investment performance, while limited multi-family inventory further strengthens value. Whether you're pursuing a 1031 exchange, adding a cash-flowing fourplex to an existing portfolio, or seeking a low-maintenance multi-family asset, this rare opportunity delivers location, occupancy, and performance. Investor-grade 4-plex properties of this caliber are seldom available in today's market.
Full Property Details
Full Property Details for 101 Patrick Henry Dr
General
- Price: $850,000
- Taxes: $2,264 (2025)
- Status: Active
- Type: Condo
- Source: BrightMLSMidAtlantic
- MLS ID: VALA2009086
- Updated: 1/5/2026
- Added to Site: 11 day(s) ago
Rental Information
- Lease Info: Yearly
Interior
- Appliances: Refrigerator, Oven/Range - Electric, Stainless Steel Appliances
Parking
- Parking Type: Driveway, Parking Lot
Location
- County: LOUISA
- Driving Directions: FromI95 Take Exit 118 toward Thornburg, US 1, at the roundabout, take second exit onto MUDD Tavern Rd, Turn Left onto Courthouse Rd, at the roundabout take second exit onto Zachary Taylor Hwy, Turn Right onto SR-623, Turn Right onto Davis Hwy, Turn Right onto Church Ave, Turn Left and the property is on the Right. Coldwell Banker Elite sign on property.
- City Limits: Yes
School Information
- School District: Louisa County Public Schools
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Unit/Flat
- Structure Type: Detached
- Construction: Brick
- Foundation: Slab
- Sq. Ft. Source: Assessor
- Year Built: 1964
- Year Built Source: Assessor
- Property Condition: Very Good
Lot Features
- Lot Size Source: Assessor
- Zoning: RESIDENTIAL
Financial Considerations
- Assessment Year: 2025
- City/TownTax: $419
- City/TownTax Freq: Annually
- County Tax: $1,845
- County Tax Freq: Annually
- Tax w/Assessment: $256,300
- Tax Amount: $2,264
- Tax Year: 2025
- Owner Pays: Repairs, Taxes - Real Estate, Lawn/Shrub Care
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 1
Listed by Coldwell Banker Elite, Delaney Bailey
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Schools
Schools serving 101 Patrick Henry Dr
School District:Louisa County Public Schools
| Name | Grades | Distance |
|---|---|---|
Moss-Nuckols Elementary School 2055 Courthouse Road, Louisa, VA 23093 | PK-5 | 6.9 mi |
Louisa County Middle School 1009 Davis Highway, Mineral, VA 23117 | 6-8 | 4.1 mi |
Louisa County High School 757 Davis Highway, Mineral, VA 23117 | 9-12 | 4.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 Patrick Henry Dr
Date
Details
Price
Change
Source
1/05/2026
Listed
$850,000
9.68%
MLS
10/19/2024
Sold
$775,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 101 Patrick Henry Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$256,300
74%
2024
-100%
$147,300
—
2022
$981
-8%
$147,300
—
2022
$1,061
—
$147,300
—
2021
$1,061
—
$147,300
—
2020
$1,061
—
$147,300
—
2018
$1,061
—
$147,300
—
2017
$1,061
-1%
$147,300
-1%
2016
$1,072
3%
$148,900
3%
2015
$1,038
-2%
$144,200
-2%
2019
$1,061
8%
$147,300
2%
2014
$981
5%
$144,200
—
2013
$937
—
$144,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 101 Patrick Henry Dr
101 Patrick Henry Drive, Louisa, VA 23093 (MLS# VALA2009086) is a Condo property with 0 bedrooms and 0 full bathrooms. 101 Patrick Henry Drive is currently listed for $850,000 and was received on January 05, 2026. Want to learn more about 101 Patrick Henry Drive? Do you have questions about finding other Condo real estate for sale in Louisa? You can browse all Louisa real estate or contact a Coldwell Banker agent to request more information.
