Hillsville Multi-Family Investment
522&516 N Main St, Hillsville, VA 24343
MULTI_FAMILY - Hillsville, VA
Property size:
16,766 SFPrice / SF:
$52/SF- Added:
- Mar 7, 2026
- Days on Market:
- 69
- Last Refresh:
- May 15 at 9:06 pm
Property Features for 522&516 N Main St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 15
- Rooms
- Bedroom 10, Bedroom 6, Bedroom 12, Bedroom 8, Bedroom 14, Bedroom 7, Basement, Bedroom 3, Bedroom 9, Bedroom 2, Bedroom 1, Bedroom 15, Bedroom 4, Bedroom 11, Bedroom 5, Bedroom 13
- Security features
- Security System
- Window features
- Vinyl Frames, Insulated Windows
- Interior features
- Carbon Monoxide Detector, Newer Paint
- Basement
- Unfinished
- Appliances
- Range Hood, Range, Dishwasher, Refrigerator, Electric Water Heater
- Standard status
- Active
- Size
- 16,766 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2167
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless, Zoned
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 10
- Flooring type
- Wood, Vinyl
- Building materials
- Brick
- Roof type
- Metal
Listing agent Elaine Smith License #0225239057 (540) 315-0155
Listing office BHHS- Mountain Sky Properties-Hillsville 445 W Stuart Drive, Bland, VA (276) 728-9500
Listing date Mar 7, 2026
MLS# 104698
Listing URL
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.
HighLights
- Immediate Income: Both properties are fully rented, offering immediate income.
- High Rental Potential: Property 2 has framed space for additional apartments, increasing future rental income.
- Multi‑Use Buildings: Benefit from diverse income streams with a mix of commercial and residential options.
- Prime Commercial Location: Located in Hillsville, VA, with high visibility and foot traffic.
- Finished Apartments: Property 2 includes 4 one‑bed and 2 two‑bed apartments generating income.
- Conversion Potential: The top floor of Property 1 can be converted into office/retail spaces or additional apartments.
Overview
Two commercial buildings in Hillsville, Virginia, offer immediate income for multi-family investors. The first property is a multi-use building with an established tenant on the main floor. The spacious top floor can be converted into office or retail spaces, or additional apartments, to maximize investment potential. This building benefits from high visibility and foot traffic, presenting an opportunity for retail or professional services. The second property features a mix of residential and retail options. The ground floor is designed for retail leasing, providing high exposure. The top floor is finished, with four one-bedroom and two two-bedroom apartments fully rented and producing immediate income. The second floor is framed for three two-bedroom apartments, one one-bedroom apartment, and a common laundry room, enhancing rental potential in a desirable area. The combined properties offer a total size of 16766 square feet.
Location Intelligence
Current Use by Public Records
Retail space
Map
- City
- Hillsville
- County
- Carroll
- State
- Virginia
- Longitude
- -80.7373816
- Latitude
- 36.7662698
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two commercial buildings in Hillsville, VA, offering immediate income.
Where is this mixed-use property located?
The property is located at 522&516 N Main St Hillsville, VA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Immediate Income: Both properties are fully rented, offering immediate income.; High Rental Potential: Property 2 has framed space for additional apartments, increasing future rental income.; Multi‑Use Buildings: Benefit from diverse income streams with a mix of commercial and residential options.
