Duplex With Private
New
For Sale
$282,500
Pending
1548 Gallimore Street, Christiansburg, VA 24073
MULTI_FAMILY - Christiansburg, VA
Property Size2,016 SF
Lot Size0.60 Acres
Days on Market5
Property Features for 1548 Gallimore Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Elementary school
Auburn
Middle school
Auburn
High school
Auburn
Elementary school district
Montgomery County
Middle school district
Montgomery County
High school district
Montgomery County
Directions
Heading West from Christiansburg on Radford Rd, take a Left on Blair St, then take a Left on Gallimore St. Duplex is on the Left.
Subdivision
Montgomery County
Standard status
Pending
Size
2,016 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Z L GRIM FARM; PT LOTS 3,4
Tax Annual Amount
1305
Legal Description
Z L GRIM FARM; PT LOTS 3,4
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)
Water source
Public
Amenities
private deck
storage shed
in-unit washer/dryer
Building Details
Floors in Building
2
Number of units
2
Flooring type
Lvp, Tile - Ceramic
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
UC/Blue Ridge Land - Cburg · United Real Estate
(540) 382-0271
Listed By:
Bruce Morris
(540) 808-9103
Added: Aug 1
Changed: Aug 5
Last Checked: Aug 5 at 4:06PM
MLS# 428203
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex features two spacious units with a total of 2,016 square feet. Each unit includes three bedrooms and one and a half baths, along with a full eat-in kitchen with appliances. Both the upper and lower units have been recently renovated with new paint and LVP flooring and are described as move-in-ready. In-unit laundry is included, with a washer and dryer that convey with the property. The exterior offers private deck space for each unit, plus a large front yard, a paved driveway, and a storage shed.
The property is located at 1548 Gallimore Street in Christiansburg, in the Auburn School District. The water source is public and the roof is shingle. Heating is electric baseboard and cooling is provided by window unit(s).
For everyday living and straightforward tenant-readiness, the building’s ranch-style layout and included appliances and laundry setup support either an owner-occupant arrangement or a two-unit rental configuration.
The property is located at 1548 Gallimore Street in Christiansburg, in the Auburn School District. The water source is public and the roof is shingle. Heating is electric baseboard and cooling is provided by window unit(s).
For everyday living and straightforward tenant-readiness, the building’s ranch-style layout and included appliances and laundry setup support either an owner-occupant arrangement or a two-unit rental configuration.
Key Highlights
- 0.599‑acre lot with paved driveway and large front yard
- Two units totaling 2,016 SF, each with 3 bedrooms and 1.5 baths
- Upper and lower units recently renovated with new paint and LVP flooring
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.8k | $24.72 |
| − Vacancy | −$3.7k | −$1.85 |
| EGI | $46.1k | $22.87 |
| − OpEx | −$20.7k | −$10.29 |
| NOI | $25.4k | $12.58 |
2,016 SF · lease $24.72/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.8K
$346.4K – $461.8K
NOI $27,709 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$362.2K
$316.9K – $422.6K
NOI $25,354 @ 7.0% cap · market cap 8.97%
Theoretical Best
Flex RnD
$477.1K
$417.5K – $556.6K
NOI $33,396 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 24073, VA
32,093
Population
14,248
Households
2.3
Avg Household Size
39
Median Age
42%
College-Educated
94%
High-School Grad
89.6 sq mi
ZIP Area
358
Density / Sq Mi
$75,103
Median Household Income
$46,396
Median Earnings
$1,150
Median Rent
$247,200
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?
Duplex - Well-maintained duplex on a 0.599-acre lot with two renovated units, private deck space, and washer/dryer that convey.
Where is this duplex located?
The property is located at 1548 Gallimore Street Christiansburg, VA.
What is the asking price?
The asking price for this property is $282,500.
What are key features of this property?
This property features: 0.599‑acre lot with paved driveway and large front yard; Two units totaling 2,016 SF, each with 3 bedrooms and 1.5 baths; Upper and lower units recently renovated with new paint and LVP flooring
