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Four-Unit Multifamily Property
For Sale
Under Contract
$339,000

508 W Stuart Dr, Galax, VA 24333

Residential Income, Galax, VA

Property Size3,045 SF
Lot Size0.30 Acres
Price / SF$111.33
Days on Market47

Property Features for 508 W Stuart Dr

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RES
Bedrooms 8
Bathrooms 5
Full bathrooms 5
Rooms Basement, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 5
Window features Insulated Windows, Vinyl Frames
Interior features Built-in Features, Multi Phone Line, Newer Paint, Shelving
Exterior features Rain Gutters
Fencing Fenced
Basement Unfinished, Partial
Appliances Range Hood, Range, Microwave, Refrigerator, Washer, Dryer, Electric Water Heater
Elementary school Galax
Middle school Galax
High school Galax
Directions From US-58 and US-89/Main Street in Galax, take US-58 West. Take the second left onto N. Lafayette Street, then promptly turn right onto W. Stuart Drive. Continue approximately 0.3 miles; the property will be on the right. Sign will be in the front yard.
Subdivision Galax
Standard status Active Under Contract
Size 3,045 SF
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 1598

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Ductless (Heating)
Cooling system Electric, Ductless, Zoned
Water source Public

Amenities

shared laundry room
rear storage building

Building Details

Year built 1925
Number of units 4
Flooring type Plank, Vinyl, Newer floor covering, Laminate, Wood, Tile
Building materials Brick, Vinyl Siding, Dry Wall
Roof type Shingle
Listing Agency: Virginia Mountain Realty
Listed By: Chris Davis · License #0225260315
Added: Jul 11 Changed: Aug 20 Last Checked: Aug 26 at 9:06AM
MLS# 110102

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.

Investment Insights

Based on property information with market context.

This 3,045-square-foot quadplex contains four two-bedroom units with kitchens and living areas. One unit includes two bathrooms and a separate dining room. Two apartments are furnished and operated as short-term rentals, while the remaining two are occupied by long-term tenants. A common laundry room serves the property, and a rear storage building provides additional utility space. Interior features include newer paint, shelving, built-in elements, and a mix of plank, vinyl, laminate, wood, and tile flooring. The building has brick and vinyl siding, a shingle roof, ductless and electric heating and cooling, public water, and public sewer.

Key Highlights

  • Four‑unit quadplex with 3,045 square feet of building area
  • 0.3‑acre property in Galax, VA
  • Two units operate as furnished short‑term rentals; two have long‑term tenants

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic Storage Facility HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

451
Businesses Nearby

Demographics for 24333, VA

17,309
Population
9,029
Households
1.9
Avg Household Size
46
Median Age
16%
College-Educated
83%
High-School Grad
144.9 sq mi
ZIP Area
119
Density / Sq Mi
$47,539
Median Household Income
$34,297
Median Earnings
$713
Median Rent
$135,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Quadplex with furnished short-term units, resident tenants, shared laundry, and a rear storage building.
Where is this quadplex located?
The property is located at 508 W Stuart Dr Galax, VA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,045 square feet of building area; 0.3‑acre property in Galax, VA; Two units operate as furnished short‑term rentals; two have long‑term tenants
More about this property
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