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345 Prospect St

Covington, VA 24426

2 bd 1 ba 818 sqft Built 1920 Lot 3,049 sqft single_family
Most recent sale
$950,000
Mar 4, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 28, 2025 Listed for rent $800 Rentler
Apr 23, 2025 Listed for rent $800 Rentler
Aug 19, 2024 Listed for rent $750 Rentler
Jun 22, 2024 Listed $39,000 Roanoke
Jun 20, 2024 Sold $20,000 Roanoke
Mar 30, 2024 Price changed $53,000 Roanoke
Mar 22, 2024 Listed $58,500 Roanoke
Oct 3, 2023 Listing removed Roanoke
Sep 26, 2023 Listed for rent $750 Roanoke
May 25, 2022 Listing removed RentlinxUnits
May 2, 2022 Listed for rent $625 RentlinxUnits
Mar 4, 2022 Sold $950,000 Public Record
Jan 1, 2017 Sold $850,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $8,700 $4,000 $12,700 $107
2024 $8,700 $4,000 $12,700 $107
2023 $8,700 $4,000 $12,700 $107
2022 $8,400 $4,000 $12,400 $105
2021 $8,400 $4,000 $12,400 $99
2020 $8,400 $4,000 $12,400 $99
2019 $8,400 $4,000 $12,400 $99
2018 $11,300 $4,000 $15,300 $122
2017 $11,300 $4,000 $15,300 $116
2016 $11,300 $4,000 $15,300 $114
2015 $11,300 $4,000 $15,300 $111
2014 $11,000 $4,000 $15,000 $106
2013 $11,000 $4,000 $15,000 $103
2012 $11,000 $4,000 $15,000 $103
2010 $12,200 $4,000 $16,200 $106
2009 $12,200 $4,000 $16,200 $106

Property facts

Year built
1920
Property type
single_family
Stories
2
Beds
2
Baths
1
Living area
818 sqft
Lot size
3,049 sqft
ZIP code
24426
City
Covington
Street
Prospect St
Coordinates
37.79082, -79.98880

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$5,700
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 345 Prospect St last sell?
345 Prospect St most recently sold on Mar 4, 2022 for $950,000.
What is the current tax assessment for 345 Prospect St?
The most recent total assessment for 345 Prospect St (year 2025) is $12,700 with $107 in property tax.
How does 345 Prospect St's assessment compare to its last sale price?
The current assessment is 98.7% below the last sale price of $950,000.
When was 345 Prospect St built?
345 Prospect St was built in 1920.
How does 345 Prospect St compare to others on Prospect St?
We track 8 other properties on Prospect St. Browse the list under "Other properties on Prospect St" to compare beds, baths, and sale history.
What are the property facts for 345 Prospect St?
345 Prospect St is a 2 bed, 1 bath, 818 sqft, 3,049 sqft lot single_family.
Is 345 Prospect St a flip candidate?
No — 345 Prospect St does not appear in our flips dataset.
Is 345 Prospect St a tax-appeal candidate?
No — 345 Prospect St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+5.9%
Implied 1-yr
+23.6%
2026 Q3
$259.8K
2026 Q4
$270.9K
ZIP 24426 — Median Price History + Forecast

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