Multifamily Property With
201 S 5th Street, Big Stone Gap, VA 24219
For Sale
$149,000
Pending
Multi Family, Big Stone Gap, VA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market184
Property Features for 201 S 5th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Rooms
Elementary school
Middle school
High school
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Mixed-Use Components
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Building Details
Floors in Building
Number of units
Building materials
Listing Agency:
Park Hill Realty Group, LLC
(423) 530-5224
Listed By:
Robert Smith · License VA #0225262208, VA #384142
(276) 870-7096
Added: May 11
Changed: Oct 28
Last Checked: Nov 10 at 9:06AM
MLS# 9995231
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This GB-zoned multifamily property occupies 0.2 acres and combines residential units with commercial space. The configuration includes three 1-bedroom apartments, one 2-bedroom apartment, a commercial storefront leased to a long-term tenant, and a large storage area. The building features vinyl siding, electric heating, window-unit cooling, and public water service.
One 1-bedroom apartment sustained isolated fire damage and requires full rehabilitation. The storage area may offer an opportunity for conversion into an additional unit, subject to applicable approvals. The property is situated in an established in-town setting near the Greenbelt walking track, shopping, dining, and local amenities.
One 1-bedroom apartment sustained isolated fire damage and requires full rehabilitation. The storage area may offer an opportunity for conversion into an additional unit, subject to applicable approvals. The property is situated in an established in-town setting near the Greenbelt walking track, shopping, dining, and local amenities.
Key Highlights
- Three 1‑bedroom apartments and one 2‑bedroom apartment
- Commercial storefront with a long‑term tenant in place
- Large storage area with potential conversion to another unit
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
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Business Placement
Demographics for 24219, VA
10,429
Population
4,473
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
85%
High-School Grad
72.8 sq mi
ZIP Area
143
Density / Sq Mi
$52,303
Median Household Income
$31,661
Median Earnings
$808
Median Rent
$161,300
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Wise County, VA
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Mixed residential and commercial configuration with four apartments and a long-term storefront tenant.
Where is this multifamily property located?
The property is located at 201 S 5th Street Big Stone Gap, VA.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Three 1‑bedroom apartments and one 2‑bedroom apartment; Commercial storefront with a long‑term tenant in place; Large storage area with potential conversion to another unit
