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    171 Market St Marion, VA 24354

    Sponsored
    For Sale
    $350,000

    MULTI_FAMILY - Marion, VA

    Property size:
    4,800 SF
    Lot size:
    0.31 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 10 at 12:06 pm

    Property Features for 171 Market St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3
    Rooms
    Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 5
    Bedrooms
    8
    Bathrooms
    1
    Interior features
    Newer Paint
    Appliances
    Range, Refrigerator, 2 Bdrm-Stove, 2 Bdrm-Refrigerator
    Size
    4,800 SF
    Lot size
    0.31 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1961
    Number of units
    13
    Building materials
    Brick, Vinyl Siding, Dry Wall

    Mountain Sky Properties (276) 228-8882 [email protected]

    Listing agent Christopher Fox (276) 617-0189

    Listing date Jan 9, 2026

    Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marion, VA Multifamily Investment

    This investment opportunity is located in Marion, Virginia, and includes 4 residential units and 9 storage units under one roof. Each of the 4 residential units features 2 bedrooms, 1 bathroom, and individual laundry facilities. Two units are rented for $794 each, and two are rented for $750 each. The 9 storage units rent for $75 a month. The storage units are climate-controlled and monitored with cameras. The entire storage area is currently rented by one company for $300 per month. The property has separate water and electric meters. The property size is 4800 square feet and the lot size is 0.309 acres. It is located a short drive from E&H Medical College. The zoning is R3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Pharmacy Storage Facility Bar & Pub Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Smyth
    State
    Virginia
    Longitude
    -81.5002072
    Latitude
    36.8249853

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property with residential and storage units in Marion, VA.
    Where is this multifamily property located?
    The property is located at 171 Market St Marion, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Mixed-use investment property with 4 residential units and 9 storage units.; - All 4 residential units are 2-bed, 1-bath with individual laundry.; - Storage units are climate-controlled and monitored by cameras.
    (276) 617-0189
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    171 Market St Marion, VA 24354
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