Multi-Family Income
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 Market92
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
Bedroom 15, Bedroom 14, Bedroom 12, Bedroom 9, Bedroom 13, Bedroom 16, Bedroom 2, Bedroom 7, Bedroom 10, Bathroom 2, Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 11
Window features
Vinyl Frames, Insulated Windows
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
(276) 228-8882
Listed By:
Christopher Fox · License #0225224934
(276) 617-0189
Added: May 1
Changed: Jul 28
Last Checked: Jul 31 at 6:06PM
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 multi-family property consists of 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. In addition, there are two tenant-owned mobile homes that contribute lot rent income. All units are individually metered, and public water and sewer service is already in place.
The property sits on Route 11 in Rural Retreat, Virginia. It is approximately 3 minutes from Exit 60 off Interstate 81 and about 10 minutes from Wytheville. The site totals roughly 3.68 acres, offering room for further development or expansion.
Reported current gross annual income is approximately $73,800 with an NOI of approximately $66,105. The property is zoned R.
The property sits on Route 11 in Rural Retreat, Virginia. It is approximately 3 minutes from Exit 60 off Interstate 81 and about 10 minutes from Wytheville. The site totals roughly 3.68 acres, offering room for further development or expansion.
Reported current gross annual income is approximately $73,800 with an NOI of approximately $66,105. The property is zoned R.
Key Highlights
- 3.86‑acre multi‑family property with 7 income‑producing units plus 2 tenant‑owned mobile homes for lot rent income
- Two duplexes totaling four 2BR/1BA units, plus three mobile homes (two 3BR/2BA and one 2BR/1BA)
- All units are individually metered with public water and public sewer already in place
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-family property with two duplexes and three mobile homes, plus tenant-owned mobile homes generating lot rent.
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: 3.86‑acre multi‑family property with 7 income‑producing units plus 2 tenant‑owned mobile homes for lot rent income; Two duplexes totaling four 2BR/1BA units, plus three mobile homes (two 3BR/2BA and one 2BR/1BA); All units are individually metered with public water and public sewer already in place
