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    2351 Reese Mountain Rd Elliston, VA 24087

    For Sale
    $499,000

    Multi Family - Elliston, VA

    Lot size:
    7.20 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 2351 Reese Mountain Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Lot size
    7.20 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1966
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    Lyons Team Brokerage Firm LLC (540) 297-7777 [email protected]

    Listing agent JODY LYONS (540) 297-7777

    Listing date Oct 20, 2025

    MLS# 914987 Listing URL

    Copyright © 2025 Roanoke Valley 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

    7.2 Acres Near Virginia Tech

    This 7.2-acre property, formerly a small farm, is located just off the interstate, providing easy access to Virginia Tech and Roanoke. The property offers opportunities for investment, residential, and possible commercial use. The main brick home includes unfinished square footage. Additional features include a whole-house generator, an outdoor wood furnace, and hardwood floors. A second brick home is also located on the property, offering rental income potential. The land is mostly fenced and includes a tool shed for outdoor storage. A parcel borders the North Fork Roanoke River. Positioned at the foot of the Fort Lewis Mountain range, this property offers privacy and versatility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Convenience Store Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Elliston
    County
    Montgomery
    State
    Virginia
    Longitude
    -80.239816
    Latitude
    37.23544

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    FAQs

    What type of property is this?
    Farm - 7.2-acre property with two homes, near Virginia Tech.
    Where is this farm located?
    The property is located at 2351 Reese Mountain Rd Elliston, VA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - 7.2-acre property with investment, residential, and possible commercial use potential.; - Second brick home provides excellent rental income potential.; - Ideally located just off the interstate with easy access to Virginia Tech & Roanoke.
    (540) 297-7777
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    2351 Reese Mountain Rd Elliston, VA 24087
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