$339,000

508 W Stuart Dr Galax, VA 24333

Estimated payment $1,941/month

Total Views 199
8 Beds
5 Baths
3,045 Sq Ft
$111 Price per Sq Ft

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

Chris Davis

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,598

Year Built

Built in 1925

Lot Details

0.3 Acres

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3
  • Lot Size: 0.3000 acres +/-
  • Road Surface Type: Paved
  • Directions: From US-58 and US-89/Main Street in Galax, take US-58 West. Take the second left onto N. Lafayette Street, then promptly turn right onto W. Stuart Drive. Continue approximately 0.3 miles; the property will be on the right. Sign will be in the front yard.
  • Structure Type: One Building
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Appliances: Range Hood, Range, Microwave, Refrigerator, Washer, Dryer, Electric Water Heater, 1 Bdrm-Stove, 2 Bdrm-Stove, 3 Bdrm-Stove, 4 Bdrm-Stove, 1 Bdrm-Refrigerator, 2 Bdrm-Refrigerator, 3 Bdrm-Refrigerator, 4 Bdrm-Refrigerator
  • Has Basement: Partial, Unfinished
  • Basement YN: Yes
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Flooring: Newer Floor Covering, Laminate, Plank, Tile, Vinyl, Wood
  • Interior Amenities: Built-in Features, Multi Phone Line, Newer Paint, Shelving
  • Living Area: 3045
  • Window Features: Insulated Windows, Vinyl

Exterior Features

  • Fencing: Fenced
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Brick, Vinyl Siding, Dry Wall
  • Exterior Features: Rain Gutters
  • Foundation Details: Block, Concrete Perimeter, Slab
  • Property Condition: Exterior Condition: Good, Interior Condition: Good
  • Roof: Shingle

Garage/Parking

  • Parking Features: Common, Paved

Utilities

  • Laundry Features: Common Area, Laundry Room, Main Level
  • Security: Smoke Detector(s)
  • Cooling: Electric,Mini Split
  • Cooling Y N: Yes
  • Heating: Electric, Mini Split, Mini-Splits
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Not Available
  • Water Source: Public

Schools

  • Elementary School: Galax
  • High School: Galax
  • Middle Or Junior School: Galax

Lot Info

  • Lot Size Sq Ft: 13068
  • Zoning: RES
  • Irrigation Water Rights: No

Multi Family

  • Number Of Units Total: 4
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1598.04
  • Tax Lot: 54-90
  • Tax Map Number: 54-90
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: Southwest Virginia Association of REALTORS®

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: Public Records

Source: Southwest Virginia Association of REALTORS®

MLS Number: 110102

APN: 54- 90

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