718 Main St Narrows, VA 24124
Estimated payment $762/month
About This Home
Great investment opportunity—perfect for first-time investors or those looking to grow their portfolio. Situated on a 0.5-acre parcel. This two-story, two-unit apartment building is fully occupied and generating steady income. The property is on city water and sewer and is nicely located along Main Street with a concrete off-street parking area. Electric heating supplied to each unit. The ground-floor unit features 2 bedrooms and 1 bathroom, while the upper unit spans the entire second floor and includes 3 bedrooms and 1 bathroom. An additional area on the left side of the building is currently used for storage but could be easily converted into a third rental unit. Discover the potential this property offers—reach out today to learn more or arrange a tour.
Property Details
Home Type
- Apartment
Parking
- Off-Street Parking
Home Design
- 3,304 Sq Ft Home
- Metal Roof
- Block Exterior
- Vinyl Trim
Schools
- Narrows Elementary And Middle School
- Narrows High School
Additional Features
- 0.5 Acre Lot
- Heating Available
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 38B72
Map
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 | $339 | $99,600 | $35,000 | $64,600 |
| 2024 | $339 | $99,600 | $35,000 | $64,600 |
| 2023 | $677 | $99,600 | $35,000 | $64,600 |
| 2022 | $677 | $99,600 | $35,000 | $64,600 |
| 2021 | $647 | $99,600 | $35,000 | $64,600 |
| 2020 | $667 | $99,600 | $35,000 | $64,600 |
| 2019 | $1,491 | $99,600 | $35,000 | $64,600 |
| 2018 | $627 | $99,600 | $35,000 | $64,600 |
| 2017 | -- | $99,600 | $35,000 | $64,600 |
| 2016 | $627 | $99,600 | $35,000 | $64,600 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/16/2025 11/16/25 | For Sale | $142,500 | -- | $43 / Sq Ft |
Source: New River Valley Association of REALTORS®
MLS Number: 425847
APN: 38B 7 2
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Ask me questions while you tour the home.