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    Marion, VA
    Residential Income

    Marion, VA Residential Income Properties for Sale

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    Wytheville, VA Atkins, VA Chilhowie, VA Sugar Grove, VA Saltville, VA Troutdale, VA Broadford, VA Ceres, VA
    Mixed-Use Property with Student Suites
    Updated: Aug 4
    Mixed-Use Property with Student Suites

    1046 Terrace Drive, Marion, VA 243554

    $850,000
    8,250 sqft 0.69 AC lot
    8250 sq.ft. mixed‑use property on 0.69 acres
    Four suites designed for two students each, with private baths and shared living areas
    Main‑level residential rentals currently at full capacity with 2‑year lease terms
    Lower level includes multiple offices, storage, 2 half baths, and 2 kitchenettes
    R3 zoning with public water and public sewer
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    Commercial General Land Site
    Updated: Jul 9
    Commercial General Land Site

    311 E Lee Street, Marion, VA 24354

    $289,000
    1.41 AC lot
    1.41‑acre commercial general property on the corner of East Lee St and Main St in Marion
    Includes 311, 315, 321, and 325 East Lee St older rental houses (built 1930s–1960s)
    Asbestos removed from 321 and 325; other materials include asbestos, wood siding, Masonite, and masonry
    Roof is metal; flooring is concrete; heat provided by space heater (shell only interior features)
    Utilities/services include public water and public sewer; cable available
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    Land, Marion, VA
    Land, Marion, VA

    135 York Street lot: 1-6, Marion, VA 24354

    $50,000
    0.51 AC lot

    Single family properties · 0.51 Acres

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Mixed-Use Student Housing Property
    Mixed-Use Student Housing Property

    1046 Terrace Drive, Marion, VA 24354

    $850,000
    8,250 sqft

    Updated mixed-use property combines student accommodations with a leased health care office component.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Marion, 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.

    Mobile Home Park with Creek Frontage
    Mobile Home Park with Creek Frontage

    15586 Bishop Rd., Chilhowie, VA 24319

    $330,000
    900 sqft 11.82 AC lot

    A rural park with multiple pads, mixed home conditions, and public water service.

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    Rebuilt Multifamily Property
    Rebuilt Multifamily Property

    315 Sulpher Spring Rd, Chilhowie, VA 24319

    $1,064,500
    6,380 sqft

    Updated multifamily property with sunrooms in three units and four-zone heating and cooling.

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    Land, Saltville, VA
    Land, Saltville, VA

    333 Stillhouse Hollow Rd, Saltville, VA 24370

    $479,950
    1,400 sqft 186.60 AC lot

    Hunting land · 1,400 SF

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    Mobile Home Park Investment Opportunity
    Mobile Home Park Investment Opportunity

    730 Burley Dr, Saltville, VA 24370

    Contact for pricing
    1,120 sqft 13.64 AC lot

    Mobile home park with expansion potential in Smyth County, VA.

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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 Marion, VA
    Residential Land in Marion, VA

    Hillside Street lot: 36, Half 37, Marion, VA 24354

    Contact for pricing
    0.22 AC lot

    Ready-to-build lot with town amenities and building incentives.

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    Residential Land in King Hills
    Residential Land in King Hills

    Caroline Circle lot: 13, Wytheville, VA 24382

    $59,900
    0.34 AC lot

    Residential lot with mountain views, convenient to amenities.

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    Residential Lot with Mountain Views
    Residential Lot with Mountain Views

    Caroline Circle lot: 12, Wytheville, VA 24382

    $59,900
    0.34 AC lot

    Residential lot in King Hills Subdivision with mountain views.

    View details
    Residential Lot with Mountain Views
    Residential Lot with Mountain Views

    Caroline Circle lot: 14, Wytheville, VA 24382

    $59,900
    0.34 AC lot

    Level lot in King Hills Subdivision with mountain views.

    View details

    Marion, VA Residential Income Properties Market Trends and Statistics

    Explore 4 residential income properties for sale in Marion, VA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 16,500 square feet of properties for sale, with an estimated market value of $2,039,000.

    Sale prices for residential income properties in Marion, VA start at $50,000, averaging $509,750, and reaching up to $850,000 — 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

    Apartment buildings 2
    Multifamily properties 2
    Single family properties 1

    Demographics Overview

    Population 13K
    Population Growth (5Y) -9.4%
    Median Household Income $42,076
    College Educated 27.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    24354 $528K

    Taxes & Financing

    Tax Rate (average for all types) 0.58%
    Property Tax per SF $7.95 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Smyth County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Popular Searches in Marion, VA

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    Most Searched ZIP Codes in Marion, VA

    • 24354
    • 243554

    Featured Marion Real Estate Agencies

    Realmo connects you with licensed Marion CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Appalachian Realty Co. Inc.
    123 W Main St. Marion, VA 24354
    Phone: 12767835173
    www.appalachianrealtors.com/default.asp

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