Mixed-Use Apartment Building with
For Sale
$149,000
201 S 5th Street, Big Stone Gap, VA 24219
MULTI_FAMILY - Big Stone Gap, VA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market93
Property Features for 201 S 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GB
Bedrooms
5
Rooms
Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 1, Bedroom 4
Elementary school
Union
Middle school
Union
High school
Union
Directions
From Gilley Ave and E 5th intersection. Turn right onto E 5th ST S. Property on left across from Freedom Chevrolet
Standard status
Active
APN
000218
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
786
Utilities
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Floors in Building
1
Number of units
6
Building materials
Vinyl Siding
Listing Agency:
Park Hill Realty Group, LLC
(423) 530-5224
Listed By:
Robert Smith · License #0225262208, 384142
(276) 870-7096
Added: May 11
Changed: Aug 3
Last Checked: Aug 11 at 11:06PM
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.
Investment Insights
Based on property information with market context.
Mixed-use apartment building at 201 and 203 E 5th Street offering a combination of income-generating residential units and commercial storefront space. The property includes three 1-bedroom apartments and one 2-bedroom apartment, along with an additional large storage area. Heating is electric and cooling is provided by window unit(s), and the exterior is finished with vinyl siding.
The building is served by public water and is zoned GB. The storefront space has a long-term tenant in place. One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab.
With residential and commercial components in one asset and a storage area that may be repurposed, this property supports a mixed-income approach for an owner looking to manage both unit types within a single location.
The building is served by public water and is zoned GB. The storefront space has a long-term tenant in place. One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab.
With residential and commercial components in one asset and a storage area that may be repurposed, this property supports a mixed-income approach for an owner looking to manage both unit types within a single location.
Key Highlights
- 0.2‑acre mixed‑use property zoned GB
- Storefront space with a long‑term tenant in place
- Three 1‑bedroom apartments plus one 2‑bedroom apartment
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
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
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 - Mixed-use building on 0.2 acres with three 1-bedroom units, one 2-bedroom unit, and a storefront tenant under long-term lease.
Where is this apartment building 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: 0.2‑acre mixed‑use property zoned GB; Storefront space with a long‑term tenant in place; Three 1‑bedroom apartments plus one 2‑bedroom apartment
