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Income-Producing Multifamily Property on 3.68 Acres

108 Kitten Lane, Rural Retreat, VA 24368

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For Sale

$650,000

MULTI_FAMILY - Rural Retreat, VA

Property size:

10,000 SF

Lot size:

3.68 Acres

Price / SF:

$65/SF

HighLights

Strong existing cash flow with an NOI of approximately $66,105 and gross annual income of approximately $73,800.
3.86 acres of land offering tremendous opportunity for future development or expansion.
Seven income‑producing units (four 2‑bedroom, 1‑bath units; two 3‑bedroom, 2‑bath units; and one 2‑bedroom, 1‑bath unit) plus lot rent income from two tenant‑owned mobile homes.
Excellent accessibility, located directly on Route 11, 3 minutes from Exit 60 off Interstate 81, and 10 minutes from Wytheville.
All units are individually metered with public water and sewer, simplifying management.
Stabilized income‑producing asset with potential for long‑term development.

We can help!

Listing Contact

Christopher Fox

For Sale

$650,000

MULTI_FAMILY - Rural Retreat, VA

Property size:

10,000 SF

Lot size:

3.68 Acres

Price / SF:

$65/SF

Added:: May 1, 2026
Days on Market:: 47
Last Refresh:: Jun 16 at 5:06 pm

Property Features for 108 Kitten Lane

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R
Bedrooms: 16
Bathrooms: 4
Rooms: Bedroom 16, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 9, Bedroom 4, Bathroom 1, Bedroom 13, Bedroom 10, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 15, Bedroom 14, Bedroom 7, Bedroom 8, Bedroom 12, Bedroom 11
Window features: Insulated Windows, Vinyl Frames
Fencing: Fenced
Basement: Crawl Space
Appliances: Range, Refrigerator
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

We can help!

Listing Contact

Christopher Fox

Listing agent Christopher Fox License #0225224934

Listing office BHHS- Mountain Sky Properties, Wytheville 305 N 4th Street Suite B, Bland, VA

Listing date May 1, 2026

MLS# 109883 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

Strong existing cash flow with an NOI of approximately $66,105 and gross annual income of approximately $73,800.
3.86 acres of land offering tremendous opportunity for future development or expansion.
Seven income‑producing units (four 2‑bedroom, 1‑bath units; two 3‑bedroom, 2‑bath units; and one 2‑bedroom, 1‑bath unit) plus lot rent income from two tenant‑owned mobile homes.
Excellent accessibility, located directly on Route 11, 3 minutes from Exit 60 off Interstate 81, and 10 minutes from Wytheville.
All units are individually metered with public water and sewer, simplifying management.
Stabilized income‑producing asset with potential for long‑term development.

Overview

This multifamily property, situated on 3.68 acres, presents an investment opportunity with existing cash flow and potential for expansion. The property features a total of 7 income-producing units in addition to 2 tenant-owned mobile homes that provide lot rent income. The unit mix includes two duplexes, containing four 2-bedroom, 1-bath units, and three mobile homes, consisting of two 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. Each unit is individually metered and connected to public water and sewer systems. The property is located directly on Route 11, offering accessibility, and is 3 minutes from Exit 60 off Interstate 81 and 10 minutes from Wytheville. The location and zoning (R) may allow for future development or expansion, with space for additional units or improvements. The current gross annual income is approximately $73,800 with a net operating income (NOI) of approximately $66,105. The property is located in Rural Retreat, Virginia.

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Map

City: Rural Retreat
County: Wythe
State: Virginia
Longitude: -81.2691791
Latitude: 36.9103631

For sale
Multifamily properties
VA
Rural Retreat
24368
108 Kitten Lane

What type of property is this?

Multifamily property - Seven units plus lot rent income near Interstate 81.

Where is this multifamily property 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: Strong existing cash flow with an NOI of approximately $66,105 and gross annual income of approximately $73,800.; 3.86 acres of land offering tremendous opportunity for future development or expansion.; Seven income‑producing units (four 2‑bedroom, 1‑bath units; two 3‑bedroom, 2‑bath units; and one 2‑bedroom, 1‑bath unit) plus lot rent income from two tenant‑owned mobile homes.

108 Kitten Lane, Rural Retreat, VA 24368

MULTI_FAMILY - Rural Retreat, VA

Property Features for 108 Kitten Lane

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Map

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