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Canaan Heath

canaan@realtorcanaan.com +1(276) 492-4662

Listed by BHHS- Mountain Sky Properties, Wytheville

$ 650,000

Est. payment -/mo

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308 Armory Road Galax, VA 24333

12 Beds

1 Bath

11,016 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,016 sqft

Price per Sqft $59

Subdivision Galax

MLS Listing ID 112067

Bedrooms 12

Year Built 1988

Annual Tax Amount $7,431

Tax Year 2025

Lot Size 0.750 Acres

Property Sub-Type Multi Family

Property Description

Excellent multifamily investment opportunity in a desirable Galax location! This 6-unit property is comprised of three duplex-style townhome buildings and offers established rental income with a solid rental history. Several longer-term tenants provide stability, while current rents offer potential for future growth as units turn over. The townhouse-style layout gives tenants a more residential feel than a traditional apartment complex, and all six units feature full basements, providing valuable additional space and storage. Select units have also received recent renovations, showcasing the potential for continued improvements and value enhancement throughout the property. Conveniently located just a short drive from downtown Galax and area amenities, this property offers an attractive combination of current income and long-term upside. Whether you're looking to expand an existing rental portfolio or acquire a substantial multifamily investment, these six units provide an excellent opportunity with room to increase income over time.

Location

State VA

County City Of Galax - Out Of County

Area Galax

Zoning R

Rooms

Basement Full, Unfinished

Interior

Interior Features Newer Paint

Heating Heat Pump

Cooling Central Air

Flooring Carpet, Luxury Vinyl, Vinyl

Fireplaces Type None

Window Features Insulated Windows

Appliance Range, Refrigerator

Laundry Main Level

Exterior

Parking Features Paved

Fence Fenced

Utilities Available Natural Gas Available

View Y/N No

Water Access Desc Public

Roof Type Shingle

Garage No

Building

Sewer Public Sewer

Water Public

Schools

Elementary Schools Galax

Middle Schools Galax

High Schools Galax

Others

Acceptable Financing a29235526c38d0597c0249a76399abb6

Listing Terms a29235526c38d0597c0249a76399abb6

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Canaan Heath

REALTOR®

+1(276) 492-4662 | canaan@realtorcanaan.com

Canaan Heath

308 Armory Road Galax, VA 24333

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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308 Armory Road