6-Unit Townhome-Style Apartment
105 TEE Street, Blacksburg, VA 24060
For Sale
$1,695,000
Multifamily, Townhouse, Blacksburg, VA
Property Size6,048 SF
Lot Size0.36 Acres
Price / SF$280.26
Days on Market45
Property Features for 105 TEE Street
General Information
Property type
Property subtype
Zoning
Parking features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
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Tax Description
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Building Details
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Listing Agency:
RE/MAX 8 - Blacksburg · RE/MAX International
(540) 552-8855
Listed By:
Brian McHone · License VA #0225077871
(540) 239-5901
Added: Sep 26
Changed: Oct 25
Last Checked: Nov 9 at 1:06PM
MLS# 428793
Copyright © 2026 New River 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.
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Investment Insights
Based on property information with market context.
This six-unit apartment property contains five three-bedroom townhome-style residences and one one-bedroom apartment, with 6,048 square feet of building area on a 0.36-acre parcel. Residential 5 zoning applies. Improvements include off-street parking, LVP flooring, heat pumps, central air, and a shingle roof.
A 2025 renovation brought new kitchen cabinets, granite counters, stainless steel appliances, updated showers and vanities, LED lighting, laminate flooring, interior doors, hardware, fixtures, and paint. Unit F received a separate full renovation in 2022. The property is in Blacksburg near the BT bus line and Virginia Tech.
A 2025 renovation brought new kitchen cabinets, granite counters, stainless steel appliances, updated showers and vanities, LED lighting, laminate flooring, interior doors, hardware, fixtures, and paint. Unit F received a separate full renovation in 2022. The property is in Blacksburg near the BT bus line and Virginia Tech.
Key Highlights
- Six apartments: five three‑bedroom townhome‑style units and one one‑bedroom apartment
- 6,048 square feet on a 0.36‑acre parcel
- 2025 renovation included granite countertops, stainless steel appliances, LED lighting, updated baths, flooring, doors, fixtures, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,061
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,521,220
$1.5M
Cap Rate 7%
$1,086,586
$1.1M
Cap Rate 9%
$845,122
$845.1K
Market Conditions
NOI Build-Up for 6,048 SF
Gross rent
$149.5K $24.72/SF
− Vacancy
−$11.2K −$1.85/SF
EGI
$138.3K $22.87/SF
− OpEx
−$62.2K −$10.29/SF
NOI
$76.1K $12.58/SF
Area
Montgomery County, VA
Vacancy
7.50%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,521,220
Cap Rate 7%
$1,086,586
Cap Rate 9%
$845,122
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$950.8K – $1.27M
NOI $76,061 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.43M
$1.25M – $1.67M
NOI $100,189 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
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Business Placement
Demographics for 24060, VA
46,755
Population
22,797
Households
2.1
Avg Household Size
28
Median Age
63%
College-Educated
98%
High-School Grad
130.8 sq mi
ZIP Area
357
Density / Sq Mi
$63,496
Median Household Income
$31,827
Median Earnings
$1,266
Median Rent
$412,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated interiors combine five three-bedroom townhome-style units with a one-bedroom apartment.
Where is this apartment building located?
The property is located at 105 TEE Street Blacksburg, VA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Six apartments: five three‑bedroom townhome‑style units and one one‑bedroom apartment; 6,048 square feet on a 0.36‑acre parcel; 2025 renovation included granite countertops, stainless steel appliances, LED lighting, updated baths, flooring, doors, fixtures, and paint
