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Apartment Building with Duplexes and Mobile Homes
For Sale
$650,000

108 Kitten Lane, Rural Retreat, VA 24368

MULTI_FAMILY - Rural Retreat, VA

Property Size10,000 SF
Lot Size3.68 Acres
Price / SF$65
Days on Market97

Property Features for 108 Kitten Lane

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R
Bedrooms 16
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bedroom 1, Bedroom 10, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 8, Bedroom 14, Bedroom 7, Bedroom 16, Bedroom 11, Bedroom 6, Bedroom 9, Bedroom 12, Bedroom 13, Bedroom 15, Bathroom 1, Bathroom 3, Bathroom 2
Window features Insulated Windows, Vinyl Frames
Fencing Fenced
Basement Crawl Space
Appliances Range, Refrigerator
Elementary school Rural Retreat
Middle school Rural Retreat
High school Rural Retreat
Directions 81 south from wytheville, take exit 60, left off exit, left onto Rt 11, see property on right
Subdivision Rural Retreat
Standard status Active
Size 10,000 SF
Lot size 3.68 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2467

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1970
Number of units 7
Flooring type Laminate, Vinyl
Building materials Brick, Vinyl Siding, Dry Wall
Roof type Shingle
Listing Agency: BHHS- Mountain Sky Properties, Wytheville
Listed By: Christopher Fox · License #0225224934
Added: May 1 Changed: Aug 2 Last Checked: Aug 5 at 7:06PM
MLS# 109883

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 apartment building package features seven income-producing units plus two additional tenant-owned mobile homes generating lot rent income. The real estate includes two duplexes totaling four 2-bedroom, 1-bath units, along with three mobile homes: two 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. All units are individually metered with public water and sewer already in place to support efficient management.

The property is situated directly on Route 11, offering accessible connectivity with Exit 60 off Interstate 81 about 3 minutes away and Wytheville about 10 minutes away. The building was constructed in 1970 and is supported by natural gas availability, heat pump heating, and central air conditioning.

Additional on-site improvements include a fenced property and common exterior features such as shingle roofing, with interior finishes including laminate and vinyl flooring.

Key Highlights

  • Two duplexes totaling four 2‑bedroom, 1‑bath units
  • Seven income‑producing units plus two additional tenant‑owned mobile homes
  • Mobile homes include two 3‑bedroom, 2‑bath units and one 2‑bedroom, 1‑bath unit

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Law Firm

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

7
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby

Demographics for 24368, VA

4,896
Population
2,275
Households
2.2
Avg Household Size
45
Median Age
23%
College-Educated
94%
High-School Grad
86.6 sq mi
ZIP Area
57
Density / Sq Mi
$66,234
Median Household Income
$36,010
Median Earnings
$725
Median Rent
$163,200
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?
Apartment building - Apartment building with two duplexes and three mobile homes, all individually metered with public water and sewer in place.
Where is this apartment building located?
The property is located at 108 Kitten Lane Rural Retreat, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two duplexes totaling four 2‑bedroom, 1‑bath units; Seven income‑producing units plus two additional tenant‑owned mobile homes; Mobile homes include two 3‑bedroom, 2‑bath units and one 2‑bedroom, 1‑bath unit
More about this property
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