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Marion, VA Multifamily Home for Sale

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    $395,000

    • 8 Beds
    • 1 Bath
    • 4,800 Sq Ft

    171 Market St, Marion, VA 24354

    Investment property opportunity in the town of Marion. Located directly off exit 45 from 81, including public utilities, separate water and electric meters for each unit, and a low maintenance outdoor area. 4, 2 bed 1 bath apartment units on the top floor with new decking and concrete sidewalks. 9, indoor, conditioned self-storage units on the main floor, protected with door code and camera

    Christopher Fox BHHS- Mountain Sky Properties, Wytheville

    171 Market St, Marion, VA 24354

Why Live in Marion

Marion, VA, the seat of Smyth County, offers a blend of historic charm and outdoor attractions. The town's downtown area features buildings from the mid-19th to mid-20th centuries, housing eateries like Wooden Pickle and Moon Dog Brick Oven, and shops such as Downtown Resale Boutique and Helping Hands Community Thrift. Marion is known for its outdoor recreation, with the Middle Fork of the Holston River providing fishing spots and trails, and the local golf course offering tee times. The town is a gateway to Hungry Mother State Park, less than 5 miles away, and Mount Rogers National Recreation Area, less than 7 miles away, both popular destinations for hiking, fishing, and camping. Marion's residential areas feature traditional Cape Cod, Craftsman, and ranch-style homes, with spacious yards and rolling mountain views. The town hosts longstanding events like the Hungry Mother Festival and a fall chili cookoff, attracting tourists and locals alike. Marion is accessible via U.S. Route 11, Virginia State Route 16, and Interstate 81, with Bristol, Tennessee, 45 miles away and Charlotte, North Carolina, within a two-and-a-half-hour drive. Flooding can occur, as seen during Hurricane Helene in 2024.

Home Trends in Marion, VA

Housing Trends

Median Sale Price
$167,500
Median Single Family Sale Price
$240,000
Average Price Per Sq Ft
$188
Number of Homes for Sale
27
Last 12 months Home Sales
145
Months of Supply
2.20
Median List Price
$229,000
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
-13%
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