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6-Unit Townhome-Style Apartment Property
New
For Sale
$650,000

308 Armory Road, Galax, VA 24333

Residential Income, Galax, VA

Property Size7,344 SF
Lot Size0.75 Acres
Price / SF$88.51
Days on Market2

Property Features for 308 Armory Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R
Bedrooms 12
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 7, Bedroom 8, Bedroom 5, Bedroom 11, Bedroom 12, Bedroom 1, Bedroom 4, Basement, Bedroom 2, Bedroom 6, Bedroom 10, Bedroom 9, Bedroom 3, Bathroom 1
Window features Insulated Windows
Interior features Newer Paint
Fencing Fenced
Basement Full, Unfinished
Appliances Range, Refrigerator
Elementary school Galax
Middle school Galax
High school Galax
Directions 77 south take exit 14, right off exit towards glaax, straight through town, right onto armory.
Subdivision Galax
Standard status Active
Size 7,344 SF
Lot size 0.75 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7431

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air
Water source Public

Amenities

full basements

Building Details

Year built 1988
Number of units 6
Flooring type Vinyl, Carpet
Building materials Vinyl Siding, Dry Wall
Roof type Shingle
Listing Agency: BHHS- Mountain Sky Properties, Wytheville
Listed By: Christopher Fox · License #0225224934
Added: Sep 25 Last Checked: Sep 26 at 1:06AM
MLS# 112067

Copyright © 2026 Southwest Virginia 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 6-unit multifamily property consists of three duplex-style townhome buildings with a combined 7,344 square feet on 0.75 acres. Each residence includes a full basement. Select units have been renovated, and interior features include newer paint, vinyl and carpet flooring, ranges, and refrigerators. The buildings were constructed in 1988 and have heat pump heating and central air conditioning.

The property is located in Galax, Virginia, a short drive from downtown and area amenities. Public water and sewer serve the property, and natural gas is available. Zoning is R.

Key Highlights

  • Six units across three duplex‑style townhome buildings
  • 7,344 square feet on 0.75 acres
  • Full basement in every unit

Property Analytics

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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

6
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Three duplex-style buildings offer basement space in every residence and a mix of updated interiors.
Where is this apartment building located?
The property is located at 308 Armory Road Galax, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Six units across three duplex‑style townhome buildings; 7,344 square feet on 0.75 acres; Full basement in every unit
More about this property
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