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8-Unit Apartment Building
For Sale
$900,000

308 Armory Rd, Galax, VA 24333

Duplex-style townhome complex with full basements and private garages in Galax.

Property Size9,792 SF
Price / SF$91.91
Days on Market11

Property Features for 308 Armory Rd

General Information

Standard status Active
Size 9,792 SF
Property subtype Residential Income

Additional Details

Multifamily Units 8

Taxes and HOA fees

Annual Taxes $9,788

Amenities

full basements
private garages

Building Details

Buildings 4
Listing Agency: BHHS- Mountain Sky Properties, Wytheville
Listed By: Christopher Fox · License #0225224934
Source: Exprealty
Added: Aug 29 Changed: Sep 7 Last Checked: Sep 7 at 2:31PM

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 BHHS- Mountain Sky Properties, Wytheville

Investment Insights

Based on property information with market context.

This 8-unit apartment property consists of four duplex-style townhomes totaling 9,792 square feet. Each residence includes a full basement that provides additional tenant storage and usable space, while two units also have private garages. Several units have received recent renovations, adding updated components within the existing configuration.

The property is located on Armory Rd in Galax, Virginia, with access to town amenities and a residential setting. It also has an established rental history and current rental operations. The combination of multiple townhome buildings, basement space throughout, and garage availability creates a defined multifamily layout with varied unit features.

Key Highlights

  • 8‑unit complex arranged as four duplex‑style townhomes
  • 9,792 square feet of total property size
  • Full basements included with all eight units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage HVAC Service Restaurant Law Firm

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

50
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?
Apartment building - Duplex-style townhome complex with full basements and private garages in Galax.
Where is this apartment building located?
The property is located at 308 Armory Rd Galax, VA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 8‑unit complex arranged as four duplex‑style townhomes; 9,792 square feet of total property size; Full basements included with all eight units
More about this property
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