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Jamie Crews

jamie@onerealtygroup.net +1(304) 887-7541

Listed by Virginia Mountain Realty

$339,000

Est. payment - /mo

8 Beds

5 Baths

3,045 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,045 sqft

Price per Sqft $111

Subdivision Galax

MLS Listing ID 110102

Bedrooms 8

Year Built 1925

Annual Tax Amount $1,598

Tax Year 2025

Lot Size 0.300 Acres

Property Sub-Type Multi Family

Property Description

Excellent investment opportunity at 508 W Stuart Drive in Galax! This well-maintained four-unit multifamily property offers a strong combination of stable long-term rental income and proven short-term rental potential. Units 2 and 4 are occupied by reliable long-term tenants who currently pay on time, while Units 1 and 3 are successfully operating as short-term rentals through Airbnb. Each unit offers 2 bedrooms, functional kitchen spaces, and comfortable living areas. Unit 1 features additional space with 2 bathrooms and a separate dining room, creating added appeal for short-term guests. The short-term rental units (Units 1 and 3) are being offered fully furnished, allowing for a seamless transition for the next owner to continue operating the business with minimal additional investment. The property also includes a shared common laundry room for all four units, along with a rear storage building that provides convenient space for trash can storage, helping maintain clean curb appeal and organization. All units are serviced by Xfinity cable and internet; however, buyers should verify service speed and reliability to their own satisfaction. Unit 2 and Unit 4 are occupied by long-term tenants and will require ample notice prior to showings. The two short-term rental units will only be available to show during vacancy periods when no guests are occupying the property. Please contact the listing agent well in advance to coordinate buyer showings and schedule appropriate access.

Location

State VA

County City Of Galax - Out Of County

Area Galax

Zoning RES

Rooms

Basement Partial, Unfinished

Interior

Interior Features Built-in Features, Multi Phone Line, Newer Paint, Shelving

Heating Electric, Mini Split, Mini-Splits

Cooling Electric, Mini Split

Flooring Newer Floor Covering, Laminate, Plank, Tile, Vinyl, Wood

Fireplaces Type None

Window Features Insulated Windows,Vinyl

Appliance Range Hood, Range, Microwave, Refrigerator, Washer, Dryer, Electric Water Heater, 1 Bdrm-Stove, 2 Bdrm-Stove, 3 Bdrm-Stove, 4 Bdrm-Stove, 1 Bdrm-Refrigerator, 2 Bdrm-Refrigerator, 3 Bdrm-Refrigerator, 4 Bdrm-Refrigerator

Laundry Common Area, Laundry Room, Main Level

Exterior

Exterior Feature Rain Gutters

Parking Features Common, Paved

Fence Fenced

Utilities Available Cable Connected, Natural Gas Not Available

Waterfront Description None

View Y/N No

Water Access Desc Public

Roof Type Shingle

Garage No

Building

Foundation Block, Concrete Perimeter, Slab

Sewer Public Sewer

Water Public

Schools

Elementary Schools Galax

Middle Schools Galax

High Schools Galax

Others

Acceptable Financing d7da4df9716c87bb44477359d59d8d35

Listing Terms d7da4df9716c87bb44477359d59d8d35

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508 Stuart Dr Galax, VA 24333

Jamie Crews

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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