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Updated Quadplex with Creek
For Sale
$490,000

1245 Poplar Knob Rd, Galax, VA 24333

Four apartments offer varied layouts, individual electric meters, parking, and access to shared outdoor areas.

Property Size4,891 SF
Lot Size1.25 Acres
Price / SF$100.18
Days on Market24

Property Features for 1245 Poplar Knob Rd

General Information

Standard status Active
Size 4,891 SF
Lot size 1.25 Acres
Property subtype Residential Income

Units

Unit Mix 1 x 3BR/1BA, 1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 4

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $1,075

Building Details

Buildings 2
Listing Agency: Primm Real Estate Firm, LLC
Listed By: Sandra Worrell · License #0225230814
Source: Exprealty
Added: Jul 29 Changed: Aug 20 Last Checked: Aug 20 at 10:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Primm Real Estate Firm, LLC

Investment Insights

Based on property information with market context.

This recently updated quadplex contains 4 apartments totaling 4,891 square feet. The unit mix includes one three-bedroom apartment with a full bath, sunroom, dining area, equipped kitchen, attached flex room, garage, laundry area, and rear patio. A separate two-bedroom, one-bath unit has washer and dryer hookups and a deck facing the creek. Two additional one-bedroom, one-bath apartments feature a mix of hardwood, wood-laminate, and tile flooring, along with stoves and refrigerators.

The property occupies 1.25+/- acres at 1245 Poplar Knob Rd in Galax, VA, just outside the city limits. Site improvements include individual electric meter boxes, a graveled parking area, a broad grassed section, public sewer, an owner storage/work room, and a 16 x 31 storage building. A creek runs along the rear, with additional property located across it.

Key Highlights

  • 4,891‑square‑foot quadplex with 4 apartments
  • Unit mix includes 3‑bedroom, 2‑bedroom, and two 1‑bedroom apartments
  • 1.25+/- acres with a creek along the rear of the property

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Law Firm Restaurant Auto Repair Shop Spa & Massage Center

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

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

28
Businesses Nearby

Demographics for 24333, VA

17,309
Population
9,029
Households
1.9
Avg Household Size
46
Median Age
16%
College-Educated
83%
High-School Grad
144.9 sq mi
ZIP Area
119
Density / Sq Mi
$47,539
Median Household Income
$34,297
Median Earnings
$713
Median Rent
$135,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four apartments offer varied layouts, individual electric meters, parking, and access to shared outdoor areas.
Where is this quadplex located?
The property is located at 1245 Poplar Knob Rd Galax, VA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 4,891‑square‑foot quadplex with 4 apartments; Unit mix includes 3‑bedroom, 2‑bedroom, and two 1‑bedroom apartments; 1.25+/- acres with a creek along the rear of the property
More about this property
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