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    Damascus, VA
    Multifamily

    Damascus, VA Multifamily Properties for Sale

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    Laurel Bloomery, TN Meadowview, VA Abingdon, VA Chilhowie, VA Mountain City, TN Shady Valley, TN Troutdale, VA Lansing, NC
    Restaurant with Short-Term Rentals
    Updated: Jan 15
    Restaurant with Short-Term Rentals

    409 Fritz Street, Damascus, VA 24236

    $750,000
    3,370 sqft 0.40 AC lot
    Restaurant property with full bar, separate ice cream shop, and 3 furnished short‑term rental units
    3,370 square feet on 0.4 acres with Commercial zoning
    Indoor seating for up to 38 guests and outdoor seating for up to 100
    Updated commercial kitchen with production areas and cold storage
    Virginia Creeper Trail runs directly across the road at 409 Fritz Street
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    Turn-Key Restaurant and Rental Units
    Updated: Jan 15
    Turn-Key Restaurant and Rental Units

    409 Fritz St, Damascus, VA 24236

    $750,000
    3,370 sqft
    Operating restaurant business for 35+ years in the heart of Damascus, VA, with an updated full commercial kitchen
    Includes a full bar with indoor seating for 38 and outdoor seating for up to 100, plus an outdoor deck for live entertainment
    Separate ice cream shop building at the front of the property with a walk‑up storefront window and indoor ordering
    Ice cream shop features large windows, pastel colors, chalkboard art, vintage signs, and a gift shop
    Three furnished short‑term rental units included, providing an additional income stream
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Damascus, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Remodeled Four-Unit Quadplex
    Remodeled Four-Unit Quadplex

    31157 Princeton Ave, Meadowview, VA 24361

    $499,900
    1,988 sqft 0.47 AC lot

    Four apartments offer private bedrooms, full bathrooms, kitchens, and living areas, with shared laundry and individual mini-split systems.

    View details
    Three-Unit Mobile Home Park
    Three-Unit Mobile Home Park

    28497 Kenwood Dr, Meadowview, VA 24361

    $209,900
    0.38 AC lot

    R2-zoned property with three occupied homes and shared septic service.

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    Six-Pad RV Park
    Six-Pad RV Park

    177 Hospital Road, Mountain City, TN 37683

    $109,900
    0.50 AC lot

    Commercial campground with utility-served RV spaces, recreational amenities, and expansion capacity.

    View details
    RV Park with Full Hookups
    RV Park with Full Hookups

    177 Hospital Road, Mountain City, TN 37683

    $109,900
    0.50 AC lot

    Commercial RV property with utility-served pads, recreational amenities, and surfaced parking for a range of RV sizes.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Abingdon, VA Building Lot
    Abingdon, VA Building Lot

    1.77 AC Twin Oaks Rd lot: 2, Abingdon, VA 24211

    $47,900
    1.77 AC lot

    1.77-acre building lot near South Holston Lake.

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    Abingdon Land Near South Holston
    Abingdon Land Near South Holston

    1.80 AC Twin Oaks Rd lot: 1, Abingdon, VA 24211

    $48,900
    1.80 AC lot

    1.8-acre building lot near amenities and South Holston Lake.

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    Residential Lot Near Watauga Lake
    Residential Lot Near Watauga Lake

    262 Stout Branch Road, Mountain City, TN 37683

    $69,900
    22,215 sqft 0.50 AC lot

    Level lot with utilities, no restrictions, near Roan Creek.

    View details
    Unrestricted Land with River Frontage
    Unrestricted Land with River Frontage

    no # Edna Perry Road, Crumpler, NC 28617

    $215,000
    20.67 AC lot

    20+ acres of unrestricted land with New River frontage.

    View details

    Damascus, VA Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Damascus, VA on our real estate platform. These investment opportunities span a total of 6,740 square feet of properties for sale, with an estimated market value of $1,500,000.

    Sale prices for multifamily properties in Damascus, VA average $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 2

    Demographics Overview

    Population 3,023
    Population Growth (5Y) -4.1%
    Median Household Income $33,846
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

    Identify Damascus submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24236 $750K

    Listings Trend

    New vs delisted commercial listings in Washington County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Washington County

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