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Mixed-Use Buildings With Apartments
For Sale
$875,000

522&516 N Main St, Hillsville, VA 24343

Residential Income, Hillsville, VA

Property Size16,766 SF
Price / SF$52.19
Days on Market167

Property Features for 522&516 N Main St

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 15
Rooms Bedroom 11, Bedroom 10, Bedroom 7, Bedroom 4, Bedroom 5, Bedroom 8, Bedroom 12, Bedroom 15, Basement, Bedroom 6, Bedroom 13, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 9, Bedroom 14
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
Elementary school Hillsville
Middle school Carroll County Intermediate
High school Carroll County
Directions From I77 take Exit 14 towards Hillsville, turn left onto N Main St, buildings are on the Left.
Subdivision Hillsville
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 Vinyl, Wood
Building materials Brick
Roof type Metal
Listing Agency: BHHS- Mountain Sky Properties-Hillsville
Listed By: Elaine Smith · License #0225239057
Added: Mar 7 Changed: Aug 20 Last Checked: Aug 21 at 1:06PM
MLS# 104698

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 offering includes two mixed-use buildings at 516 and 522 N Main St. Together, the properties contain 16,766 square feet and combine residential, retail, and other commercial areas. One building has an established main-floor tenant, while its upper level provides space that can be adapted for office, retail, or additional apartment use.

The second building places retail space on the ground floor and includes six occupied apartments upstairs: four one-bedroom units and two two-bedroom units. A further upper-level layout is framed for three two-bedroom apartments, one one-bedroom apartment, and a shared laundry room. Brick construction, metal roofing, public water, and public sewer serve the properties, which were built in 1930 and use ductless heating and cooling systems.

Key Highlights

  • Two mixed‑use commercial buildings at 516 and 522 N Main St
  • Combined property size of 16,766 Square Feet
  • Four one‑bedroom and 2 two‑bedroom apartments are fully rented

Property Analytics

Current Use

Storefront properties

Location Intelligence

Trade Area within ½ mile

335
Businesses Nearby

Demographics for 24343, VA

8,849
Population
4,556
Households
1.9
Avg Household Size
48
Median Age
14%
College-Educated
86%
High-School Grad
126.0 sq mi
ZIP Area
70
Density / Sq Mi
$53,933
Median Household Income
$33,857
Median Earnings
$674
Median Rent
$139,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercial buildings combine leased apartments, retail space, and additional areas suited for future residential or commercial use.
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: Two mixed‑use commercial buildings at 516 and 522 N Main St; Combined property size of 16,766 Square Feet; Four one‑bedroom and 2 two‑bedroom apartments are fully rented
More about this property
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