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8-Unit Townhome Apartment Complex
New
For Sale
$900,000

308 Armory Road, Galax, VA 24333

Four duplex-style townhomes provide full-basement layouts, with private garages serving two units.

Property Size9,792 SF
Price / SF$91.91
Days on Market5

Property Features for 308 Armory Road

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

Building Details

Buildings 4
Listing Agency: BHHS- Mountain Sky Properties, Wytheville
Listed By: Christopher Fox · License #0225224934
Source: Exprealty
Added: Aug 29 Changed: Sep 1 Last Checked: Sep 1 at 9:39PM

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 multifamily property consists of four duplex-style townhomes totaling 9,792 square feet. Every unit includes a full basement that provides additional tenant storage and usable space, while two units have private garages. Two units have also received recent renovations, establishing a base for further property improvements.

Located at 308 Armory Road in Galax, Virginia, the complex offers an established rental history and current rental income. Its residential setting is a short drive from town amenities, combining a multifamily configuration with convenient access to the surrounding community.

Key Highlights

  • 8‑unit multifamily complex totaling 9,792 square feet
  • Four duplex‑style townhomes comprise the property
  • Full basements included in 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 - Four duplex-style townhomes provide full-basement layouts, with private garages serving two units.
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 $900,000.
What are key features of this property?
This property features: 8‑unit multifamily complex totaling 9,792 square feet; Four duplex‑style townhomes comprise the property; Full basements included in all eight units
More about this property
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