Residential Income

Gate City, VA Residential Income Properties for Sale

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Two Homes in Gate City
Updated: Apr 24, 2025
Two Homes in Gate City

289 Hilton Road, Gate City, VA 24251

$315,700
2,206 sqft 1.00 AC lot
Property includes two homes on one lot: a 2‑story home plus an extra manufactured/double‑wide home
Main home includes 5 bedrooms and 2 bathrooms (2‑story layout with basement and dining room)
Double wide built in 1992 and completely remodeled in 2016, offering 2 bedrooms, 2 full baths, den, living room, eat‑in kitchen, and sun porch
3 garages on site: 2‑car garage, single‑car garage, and a 2‑car garage with no doors
Each home has its own septic system; both share a field bed (private sewer with septic tank)
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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Gate City, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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.

Kingsport Multifamily Investment Opportunity
Kingsport Multifamily Investment Opportunity

2008 Bloomingdale Road, Kingsport, TN 37660

$500,000
5,100 sqft 0.27 AC lot

Six-unit multifamily property with value-add potential and existing cash flow.

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Multi-Level Mixed-Use Building
Multi-Level Mixed-Use Building

3425 Bloomingdale Road, Kingsport, TN 37660

$129,900
5,180 sqft 0.72 AC lot

Versatile multi-level property with residential layout and flexible commercial space, located on a high-traffic corridor.

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Four-Unit Brick Quadplex
Four-Unit Brick Quadplex

532 Tansey Lane, Kingsport, TN 37660

$300,000
2,117 sqft 0.35 AC lot

All-brick fourplex with three two-bedroom and one one-bedroom units, each with an open living and dining layout.

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All-Brick Four-Unit Residential Building
All-Brick Four-Unit Residential Building

532 Tansey Lane, Kingsport, TN 37660

$300,000
0.35 AC lot

Four-unit all-brick property offers three two-bedroom and one one-bedroom units with open living, dining, and kitchen layouts.

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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.

Residential Land in Gate City, VA
Residential Land in Gate City, VA

22 & 23 Spring Valley Circle, Gate City, VA 24251

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0.69 AC lot

Two residential lots suitable for building or placing a doublewide.

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Kingsport Land with Mountain Views
Kingsport Land with Mountain Views

410 Crystal View Street, Kingsport, TN 37660

Contact for pricing
0.15 AC lot

0.15 acre lot in the county with mountain views.

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Kingsport Multifamily Development Opportunity
Kingsport Multifamily Development Opportunity

1515 Bloomingdale Road, Kingsport, TN 37660

$140,000
2.00 AC lot

Two-acre lot zoned for high-density residential development.

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Kingsport, TN Building Lot
Kingsport, TN Building Lot

Norma Drive, Kingsport, TN 37660

$33,000
0.68 AC lot

Building lot in Aura Woods Hgts, ideal for families.

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Off-Market Properties in Gate City, VA

Consider similar Off-Market properties in Gate City, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Creek Frd
Land

0 Creek Frd, Gate City, VA 24251

Value Estimation by Request
105.24 AC lot
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Gate City, VA Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Gate City, VA on our real estate platform. These investment opportunities span a total of 2,206 square feet of properties for sale, with an estimated market value of $315,700.

Sale prices for residential income properties in Gate City, VA start at $315,700, averaging $315,700, and reaching up to $315,700 — 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

Multifamily properties 2
Duplexes 1
Short term rental properties 1
Single family properties 1

Demographics Overview

Population 7,976
Population Growth (5Y) -5.1%
Median Household Income $44,990
College Educated 24.4%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
24251 $882.9K

Taxes & Financing

Tax Rate (average for all types) 0.75%
Property Tax per SF $8.86 per SF
Tax Rate vs County Average 0.01 pp above county avg
Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

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