Estimated payment $599/month
About This Home
Investment opportunity in the City of Galax, VA! This multi-unit duplex offers excellent income potential with one apartment already leased at $450/month through government-assisted housing. The lower unit is occupied and income-producing, while the upper unit has been completely gutted and is ready for renovation. Offering a blank slate to design as you wish. Each unit has separate power meters, its own oil heat monitor, and is connected to public water and sewer. An additional 0.3-acre lot with road frontage is included, providing space for expansion or added value. Some framing has already been completed for an optional third unit, making this an ideal project for investors or owner-occupants looking to build equity. With strong rental potential and flexible layout options, this property is ready for your finishing touches and vision. Conveniently located near downtown Galax and area amenities. Don’t miss this opportunity to turn potential into profit! Make an Offer today!
Listing Agent
Berkshire Hathaway Home Services Mountain Sky Properties-Hillsv Listed on: 10/14/2025
Property Details
Home Type
- Multi-Family
Home Design
- 2,316 Sq Ft Home
- Duplex
- Metal Roof
- Vinyl Trim
Flooring
- Wood
- Tile
- Vinyl
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- Carport
- Off-Street Parking
Schools
- Galax Grd Elementary School
- Galax Middle School
- Galax High School
Utilities
- Heating System Uses Oil
- Heating System Uses Propane
- Electric Water Heater
Additional Features
- Oven or Range
- 0.89 Acre Lot
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 62103*62104
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $969 | $105,300 | $20,000 | $85,300 |
| 2024 | $969 | $105,300 | $20,000 | $85,300 |
| 2023 | $896 | $89,600 | $20,000 | $69,600 |
| 2022 | $896 | $89,600 | $20,000 | $69,600 |
| 2021 | $824 | $89,600 | $20,000 | $69,600 |
| 2020 | $824 | $89,600 | $20,000 | $69,600 |
| 2019 | $622 | $89,600 | $20,000 | $69,600 |
| 2017 | $622 | $77,800 | $20,000 | $57,800 |
| 2016 | -- | $92,400 | $20,000 | $72,400 |
| 2013 | -- | $99,300 | $20,000 | $79,300 |
| 2012 | -- | $92,400 | $20,000 | $72,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/14/2025 12/14/25 | Pending | -- | -- | -- |
| 11/20/2025 11/20/25 | Price Changed | $99,000 | -20.8% | $43 / Sq Ft |
| 10/14/2025 10/14/25 | For Sale | $125,000 | -- | $54 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Source: New River Valley Association of REALTORS®
MLS Number: 425586
APN: 62-103
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