Listing Agency: Morton Realty & Auction c***@mortonrealty.com Show Phone

Listed By: Jamie Keatley · License #0225231071 Show Phone

Source: Exprealty

Added: Sep 30 Changed: Oct 14 Last Checked: Oct 15 at 1:27AM

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Investment Insights

Based on property information with market context.

This triplex contains 2,689 square feet across three units. Two units have tenants in place; the remaining unit is ready for renovation. A new roof was installed in 2025.

The property is within Galax city limits at 215 5th Ave, Galax, VA.

Key Highlights

• Three‑unit residential income property
• Two units currently tenant‑occupied
• Third unit ready for renovation

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic HVAC Service Storage Facility (Bike/Boat/Book/etc) Store

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

478

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Two residences are occupied, while the third is ready for renovation and repositioning.

Where is this triplex located?

The property is located at 215 5th Ave Galax, VA.

What is the asking price?

The asking price for this property is $125,000.

What are key features of this property?

This property features: Three‑unit residential income property; Two units currently tenant‑occupied; Third unit ready for renovation