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$264,500

Est. payment - /mo

2,123 SqFt

New

307/309 Calhoun Street Galax, VA 24333

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Key Details

Property Type Multi-Family

Sub Type Multi-Family Other

Listing Status Active

Purchase Type For Sale

Square Footage 2,123 sqft

Price per Sqft $124

MLS Listing ID 100086

Style Vinyl Siding

Year Built 1914

Tax Year 2025

Lot Size 0.300 Acres

Property Sub-Type Multi-Family Other

Property Description

Don't miss this unique investment opportunity located just minutes from the heart of downtown Galax, Virginia. This versatile package includes two income-producing homes on one lot, offering excellent potential for rental income, multi-generational living, or future resale value. The first home is a charming 1-bedroom, 1-bathroom cottage with 666 sq ft - perfect as a long-term rental, guest suite, or Airbnb unit. It features beautiful hardwood floors, main-level living, and is currently occupied by a great long-term renter, offering immediate income for the next owner. The second property is a spacious 4-bedroom, 1-bathroom home with 1,457 sq ft, a traditional layout, and plenty of living space—ideal for a larger family or high-yield rental. It has been recently remodeled with fresh interior paint, newly stained decks, replacement windows, and showcases hardwood flooring throughout the main living areas. Main rooms are located on the first level for added convenience, and the home includes a carport for covered parking. The lot also features a nice level yard, adding to the property's overall usability and curb appeal. Located just minutes from downtown Galax, tenants or owners will enjoy easy access to local shops, restaurants, the New River Trail, and community events. Galax is known for its welcoming atmosphere, music heritage, and scenic surroundings - making it a smart and appealing place to invest. Whether you're a seasoned investor or just getting started, this property offers strong rental potential, thoughtful updates, and lasting value in a prime location.

Location

State VA

County Galax

Area City Of Galax - Out Of County

Zoning R2

Direction Beginning on I-77 N in Hillsville, take exit 14 onto US-221, then turn left onto Carrollton Pike. Continue straight onto E Stuart Drive in Galax, then turn left onto W Stuart Drive. Turn left onto Calhoun Street and the properties will be on the right.

Rooms

Basement Crawl Space, Partial Basement, Unfinished

Interior

Interior Features Ceiling Fan(s), Dry Wall, Newer Paint, Wood Floors

Hot Water Electric

Heating Baseboard, Oil

Cooling None

Fireplaces Type None

Equipment Range/Oven, Refrigerator

Window Features Insulated

Appliance Range/Oven, Refrigerator

Heat Source Baseboard, Oil

Laundry Main Level

Exterior

Exterior Feature Vinyl Siding

Garage Description 590

Waterfront Description None

View None

Roof Type Metal

Building

Building Description Vinyl Siding, Vinyl Siding

Faces Beginning on I-77 N in Hillsville, take exit 14 onto US-221, then turn left onto Carrollton Pike. Continue straight onto E Stuart Drive in Galax, then turn left onto W Stuart Drive. Turn left onto Calhoun Street and the properties will be on the right.

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

Schools

Elementary Schools Galax

Middle Schools Galax

High Schools Galax

Others

SqFt Source Land Card

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Listed by A Team Real Estate Company

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Property Executives

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307/309 Calhoun Street Galax, VA 24333

Property Executives

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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307/309 Calhoun Street