Five-Unit Apartment
For Sale
$550,000
765 Water Wheel Rd, Galax, VA 24333
Five efficiency apartments include one accessible unit, mini-split heating and cooling, and shared laundry space.
Property Size2,788 SF
Price / SF$197.27
Days on Market19
Property Features for 765 Water Wheel Rd
General Information
Standard status
Active
Size
2,788 SF
Property subtype
Residential Income
Units
Unit Mix
5 x 1BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$952
Amenities
laundry area
covered porch
Building Details
Tenancy
Multi
Listing Agency:
BHHS- Mountain Sky Properties, Wytheville
(276) 228-8882
Listed By:
Pamela G Montgomery
(276) 223-8719
Source:
Exprealty
Added: Sep 12
Changed: Sep 28
Last Checked: Sep 29 at 2:48PM
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.
The 2,788-square-foot apartment building contains five efficiency units, each with one bedroom, one bathroom, a living area, and an eat-in kitchen. Kitchens include a refrigerator, microwave, hot plate, and sink. Hardwood floors and mini-split heating and cooling serve the apartments, and residents share a laundry area. One unit is handicap-accessible.
The property also includes a vacant historic log cabin offered as-is, along with a log kitchen and shelter and a grist mill. A covered porch with an accessible ramp and two streams are additional property features.
The property also includes a vacant historic log cabin offered as-is, along with a log kitchen and shelter and a grist mill. A covered porch with an accessible ramp and two streams are additional property features.
Key Highlights
- Five efficiency apartments, each with one bedroom and one bathroom
- 2,788‑square‑foot apartment building
- One apartment is handicap‑accessible
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Five efficiency apartments include one accessible unit, mini-split heating and cooling, and shared laundry space.
Where is this apartment building located?
The property is located at 765 Water Wheel Rd Galax, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Five efficiency apartments, each with one bedroom and one bathroom; 2,788‑square‑foot apartment building; One apartment is handicap‑accessible
