Multifamily Property With
For Sale
$149,000
Pending
201 S 5th Street, Big Stone Gap, VA 24219
Multi Family, Big Stone Gap, VA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market114
Property Features for 201 S 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GB
Bedrooms
5
Rooms
Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 1
Elementary school
Union
Middle school
Union
High school
Union
Directions
From Gilley Ave and E 5th intersection. Turn right onto E 5th ST S. Property on left across from Freedom Chevrolet
Standard status
Pending
APN
000218
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
786
Utilities
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Floors in Building
1
Number of units
6
Building materials
Vinyl Siding
Listing Agency:
Park Hill Realty Group, LLC
(423) 530-5224
Listed By:
Robert Smith · License #0225262208, 384142
(276) 870-7096
Added: May 11
Changed: Aug 19
Last Checked: Sep 1 at 8:06AM
MLS# 9995231
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This GB-zoned multifamily property occupies 0.2 acres and combines residential units with commercial space. The configuration includes three 1-bedroom apartments, one 2-bedroom apartment, a commercial storefront leased to a long-term tenant, and a large storage area. The building features vinyl siding, electric heating, window-unit cooling, and public water service.
One 1-bedroom apartment sustained isolated fire damage and requires full rehabilitation. The storage area may offer an opportunity for conversion into an additional unit, subject to applicable approvals. The property is situated in an established in-town setting near the Greenbelt walking track, shopping, dining, and local amenities.
One 1-bedroom apartment sustained isolated fire damage and requires full rehabilitation. The storage area may offer an opportunity for conversion into an additional unit, subject to applicable approvals. The property is situated in an established in-town setting near the Greenbelt walking track, shopping, dining, and local amenities.
Key Highlights
- Three 1‑bedroom apartments and one 2‑bedroom apartment
- Commercial storefront with a long‑term tenant in place
- Large storage area with potential conversion to another unit
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 24219, VA
10,429
Population
4,473
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
85%
High-School Grad
72.8 sq mi
ZIP Area
143
Density / Sq Mi
$52,303
Median Household Income
$31,661
Median Earnings
$808
Median Rent
$161,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Mixed residential and commercial configuration with four apartments and a long-term storefront tenant.
Where is this multifamily property located?
The property is located at 201 S 5th Street Big Stone Gap, VA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Three 1‑bedroom apartments and one 2‑bedroom apartment; Commercial storefront with a long‑term tenant in place; Large storage area with potential conversion to another unit
