Estimated payment $1,941/month
Highlights
- Newly Painted Property
- Cooling Available
- Fenced
- Wood Flooring
- Laundry Room
- Mini Split Heat Pump
About This Home
Excellent investment opportunity at 508 W Stuart Drive in Galax! This well-maintained four-unit multifamily property offers a strong combination of stable long-term rental income and proven short-term rental potential. Units 2 and 4 are occupied by reliable long-term tenants who currently pay on time, while Units 1 and 3 are successfully operating as short-term rentals through Airbnb. Each unit offers 2 bedrooms, functional kitchen spaces, and comfortable living areas. Unit 1 features additional space with 2 bathrooms and a separate dining room, creating added appeal for short-term guests. The short-term rental units (Units 1 and 3) are being offered fully furnished, allowing for a seamless transition for the next owner to continue operating the business with minimal additional investment. The property also includes a shared common laundry room for all four units, along with a rear storage building that provides convenient space for trash can storage, helping maintain clean curb appeal and organization. All units are serviced by Xfinity cable and internet; however, buyers should verify service speed and reliability to their own satisfaction. Unit 2 and Unit 4 are occupied by long-term tenants and will require ample notice prior to showings. The two short-term rental units will only be available to show during vacancy periods when no guests are occupying the property. Please contact the listing agent well in advance to coordinate buyer showings and schedule appropriate access.
Listing Agent
Virginia Mountain Realty Brokerage Email: 2767287355, virginiamountainrealty@gmail.com License #0225260315 Listed on: 05/14/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,598
Year Built
- Built in 1925
Lot Details
- 13,068 Sq Ft Lot
- Fenced
- Property is in good condition
Parking
- Paved Parking
Home Design
- Newly Painted Property
- Brick Exterior Construction
- Block Foundation
- Slab Foundation
- Fire Rated Drywall
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 3,045 Sq Ft Home
- Insulated Windows
- Unfinished Basement
- Partial Basement
- Fire and Smoke Detector
Kitchen
- Stove
- Range with Range Hood
- Microwave
Flooring
- Wood
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Rain Gutters
Schools
- Galax Elementary And Middle School
- Galax High School
Utilities
- Cooling Available
- Mini Split Heat Pump
- Separate Meters
- Natural Gas Not Available
- Electric Water Heater
- Cable TV Available
Community Details
- 4 Units
Listing and Financial Details
- Tax Lot 54-90
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 | $1,598 | $173,700 | $18,000 | $155,700 |
| 2024 | $1,598 | $173,700 | $18,000 | $155,700 |
| 2023 | $1,219 | $121,900 | $12,000 | $109,900 |
| 2022 | $1,219 | $121,900 | $12,000 | $109,900 |
| 2021 | $1,121 | $121,900 | $12,000 | $109,900 |
| 2020 | $1,121 | $121,900 | $12,000 | $109,900 |
| 2019 | $846 | $121,900 | $12,000 | $109,900 |
| 2017 | $846 | $105,800 | $12,000 | $93,800 |
| 2016 | -- | $110,400 | $12,000 | $98,400 |
| 2013 | -- | $107,400 | $14,000 | $93,400 |
| 2012 | -- | $110,400 | $12,000 | $98,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/14/2026 05/14/26 | For Sale | $339,000 | +62.2% | $111 / Sq Ft | |
| 04/30/2021 04/30/21 | Sold | $209,000 | -5.0% | $76 / Sq Ft | View Prior Sale |
| 03/16/2021 03/16/21 | Pending | -- | -- | -- | |
| 03/24/2020 03/24/20 | For Sale | $219,900 | -- | $80 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $53,700 | -- |
Source: Southwest Virginia Association of REALTORS®
MLS Number: 110102
APN: 54- 90
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Ask me questions while you tour the home.