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    Marion, VA
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    Mixed-Use Property with Student Suites
    Updated: Aug 4
    Mixed-Use Property with Student Suites

    1046 Terrace Drive, Marion, VA 243554

    $850,000
    8,250 sqft 0.69 AC lot
    8250 sq.ft. mixed‑use property on 0.69 acres
    Four suites designed for two students each, with private baths and shared living areas
    Main‑level residential rentals currently at full capacity with 2‑year lease terms
    Lower level includes multiple offices, storage, 2 half baths, and 2 kitchenettes
    R3 zoning with public water and public sewer
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Marion, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Garage
    Mixed-Use Property with Garage

    110 Redwood Drive, Raven, VA 24639

    $275,000
    3,616 sqft

    Combined commercial and residential improvements include a service garage, rental units, and public utilities.

    View details
    Glade Valley Commercial Property
    Glade Valley Commercial Property

    18, 40, 90 Glade Valley Church Road, Glade Valley, NC 28627

    $1,149,000
    10,390 sqft

    Commercial property with 14 rental units and US Post Office.

    View details
    Glade Valley Investment Opportunity
    Glade Valley Investment Opportunity

    18,40,90 & 226, 236 Glade Valley Church & Triad, Glade Valley, NC 28627

    $1,149,000
    3.71 AC lot

    Commercial property with 14 rental units and post office.

    View details
    Multi-Use Garage and Rental Building
    Multi-Use Garage and Rental Building

    110 Redwood Drive, Raven, VA 24639

    $275,000
    3,616 sqft

    Multi-use property with a 3-bay heated office garage and seven income-producing residential units, all currently rented.

    View details

    Marion, VA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Marion, VA on our real estate platform. These investment opportunities span a total of 8,250 square feet of properties for sale, with an estimated market value of $850,000.

    Sale prices for two-family homes in Marion, VA average $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 13K
    Population Growth (5Y) -9.4%
    Median Household Income $42,076
    College Educated 27.1%

    Taxes & Financing

    Tax Rate (average for all types) 0.58%
    Property Tax per SF $7.95 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Smyth County

    New Delisted

    Total CRE Inventory on Market (SF)

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