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Hillsville Multi-Family Investment Opportunity

522&516 N Main St, Hillsville, VA 24343

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For Sale

$875,000

MULTI_FAMILY - Hillsville, VA

Property size:

16,766 SF

Price / SF:

$52/SF

HighLights

Two commercial buildings in Hillsville, VA with immediate income from current tenants
Top floor in Property 2 is finished and includes 4 fully rented 1‑bed units and 2 fully rented 2‑bed units
Property 2 second floor is framed for 3 two‑bed apartments, 1 one‑bed apartment, and a common laundry room
Property 1 is a multi‑use building with an established tenant on the main floor and additional space above that can be converted
Brick construction with a metal roof; vinyl and wood flooring
Public water and public sewer; zoned ductless heating and cooling, electric water heater

We can help!

Contact an agent

Elaine Smith

Learn more

For Sale

$875,000

MULTI_FAMILY - Hillsville, VA

Property size:

16,766 SF

Price / SF:

$52/SF

Added:: Mar 7, 2026
Days on Market:: 112
Last Refresh:: Jun 27 at 1:06 pm

Property Features for 522&516 N Main St

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 15
Rooms: Bedroom 7, Bedroom 10, Bedroom 11, Bedroom 15, Bedroom 13, Basement, Bedroom 1, Bedroom 9, Bedroom 12, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 14, Bedroom 3, Bedroom 2, Bedroom 8
Security features: Security System
Window features: Vinyl Frames, Insulated Windows
Interior features: Carbon Monoxide Detector, Newer Paint
Basement: Unfinished
Appliances: Range Hood, Range, Dishwasher, Refrigerator, Electric Water Heater
Standard status: Active
Size: 16,766 SF

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 2167

Utilities

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

Building Details

Year built: 1930
Number of units: 10
Flooring type: Vinyl, Wood
Building materials: Brick
Roof type: Metal

We can help!

Contact an agent

Elaine Smith

Listing agent Elaine Smith License #0225239057

Listing office BHHS- Mountain Sky Properties-Hillsville 445 W Stuart Drive, Bland, VA

Listing date Mar 7, 2026

MLS# 104698 Listing URL

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.

HighLights

Two commercial buildings in Hillsville, VA with immediate income from current tenants
Top floor in Property 2 is finished and includes 4 fully rented 1‑bed units and 2 fully rented 2‑bed units
Property 2 second floor is framed for 3 two‑bed apartments, 1 one‑bed apartment, and a common laundry room
Property 1 is a multi‑use building with an established tenant on the main floor and additional space above that can be converted
Brick construction with a metal roof; vinyl and wood flooring
Public water and public sewer; zoned ductless heating and cooling, electric water heater

Overview

Two commercial buildings in Hillsville, Virginia, offer immediate income for multi-family investors. The first property is a multi-use building with an established tenant on the main floor. The spacious top floor can be converted into office or retail spaces, or additional apartments, to maximize investment potential. This building benefits from high visibility and foot traffic, presenting an opportunity for retail or professional services. The second property features a mix of residential and retail options. The ground floor is designed for retail leasing, providing high exposure. The top floor is finished, with four one-bedroom and two two-bedroom apartments fully rented and producing immediate income. The second floor is framed for three two-bedroom apartments, one one-bedroom apartment, and a common laundry room, enhancing rental potential in a desirable area. The combined properties offer a total size of 16766 square feet.

Location Intelligence

Current Use by Public Records

Retail space

Map

City: Hillsville
County: Carroll
State: Virginia
Longitude: -80.7373816
Latitude: 36.7662698

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For sale
Mixed-use properties
VA
Hillsville
24343
522&516 N Main St

What type of property is this?

Mixed-use property - Two commercial buildings in Hillsville, VA, offering immediate income.

Where is this mixed-use property located?

The property is located at 522&516 N Main St Hillsville, VA.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: Two commercial buildings in Hillsville, VA with immediate income from current tenants; Top floor in Property 2 is finished and includes 4 fully rented 1‑bed units and 2 fully rented 2‑bed units; Property 2 second floor is framed for 3 two‑bed apartments, 1 one‑bed apartment, and a common laundry room

522&516 N Main St, Hillsville, VA 24343

MULTI_FAMILY - Hillsville, VA

Property Features for 522&516 N Main St

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Commercial Flex Building with Office

Office Building with Central Air

Hillsville Mountain Getaway with Amenities

Livestock-Ready Agricultural Land

Freestanding Office Building with Carport

Industrial Flex Building with Office

Advance Auto Parts Store

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