201 E 5th St S Big Stone Gap, VA 24219
Estimated payment $874/month
Highlights
- No HOA
- 1-Story Property
- Heating Available
- Window Unit Cooling System
- Level Lot
- 3-minute walk to Miner s Park
About This Home
Exceptional multi-unit investment opportunity in a prime location! Welcome to 201 and 203 E 5th Street a cash-flowing property packed with potential and positioned just steps from the popular Greenbelt walking track, shopping, dining, and local amenities. This unique income-producing property currently generates approximately $2,000 per month and features: * Commercial storefront space with a long-term tenant in place
* Three 1-bedroom apartments
* One 2-bedroom apartment
* Additional large storage area with the potential to be converted into another income-producing unit One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value. With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street!
Listing Agent
Park Hill Realty Group, LLC License #0225262208,384142 Listed on: 05/12/2026
Property Details
Home Type
- Multi-Family
Lot Details
- 8,712 Sq Ft Lot
- Level Lot
Home Design
- Quadruplex
- Vinyl Siding
Interior Spaces
- 1-Story Property
Schools
- Union Elementary And Middle School
- Union High School
Utilities
- Window Unit Cooling System
- Heating Available
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 000218
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 | $786 | $113,900 | $45,000 | $68,900 |
| 2024 | $786 | $113,900 | $45,000 | $68,900 |
| 2023 | $786 | $113,900 | $45,000 | $68,900 |
| 2022 | $786 | $113,900 | $45,000 | $68,900 |
| 2021 | $786 | $113,900 | $45,000 | $68,900 |
| 2020 | $786 | $113,900 | $45,000 | $68,900 |
| 2019 | $786 | $113,900 | $45,000 | $68,900 |
| 2018 | $706 | $113,900 | $45,000 | $68,900 |
| 2017 | $664 | $113,900 | $45,000 | $68,900 |
| 2016 | $664 | $110,700 | $45,000 | $65,700 |
| 2015 | -- | $110,700 | $45,000 | $65,700 |
| 2010 | -- | $110,700 | $45,000 | $65,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/23/2026 05/23/26 | Pending | -- | -- | -- |
| 05/12/2026 05/12/26 | For Sale | $149,000 | -- | -- |
Source: Tennessee/Virginia Regional MLS
MLS Number: 9995231
APN: R000218
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