765 Water Wheel Rd Galax, VA 24333
Galax AreaEstimated payment $3,135/month
Highlights
- 3.3 Acre Lot
- Wood Flooring
- Central Air
- Contemporary Architecture
- No HOA
- Electric Baseboard Heater
About This Home
Twin Brooks Lodge offers a rare investment opportunity combining income-producing apartments, historic charm, and unique property features. Originally built to accommodate tourists as an Airbnb, the property now provides housing for five full-time tenants. The apartment building features five efficiency apartments, including one handicap-accessible unit. Each apartment offers 1 bedroom, 1 bath, a living area, and an eat-in kitchen equipped with a refrigerator, microwave, hot plate, and sink. Hardwood floors and mini-split heating and cooling provide comfort and easy maintenance. Adding to the property's character is a 2 bedroom historic log cabin, previously used as a rental and currently vacant add more income producing potential. The cabin is being sold as-is. Additional historic features include a log kitchen/shelter and a grist mill. Enjoy the peaceful setting and soothing sounds of two streams flowing through the property. A truly unique investment property.
Listing Agent
Berkshire Hathaway Home Services Mountain Sky Properties-Wythev License #0225229240 Listed on: 09/12/2026
Property Details
Home Type
- Apartment
Lot Details
- 3.3 Acre Lot
Home Design
- Contemporary Architecture
- Ranch Style House
- Shingle Roof
- Block Exterior
Interior Spaces
- 2,788 Sq Ft Home
- Crawl Space
Flooring
- Wood
- Vinyl
Parking
- 1 Car Parking Space
- Off-Street Parking
Schools
- Fries Elementary School
- Grayson Highlands Middle School
- Grayson Highlands School
Utilities
- Central Air
- Ductless Heating Or Cooling System
- Electric Baseboard Heater
- Well
- Electric Water Heater
- Septic System
Listing and Financial Details
- Assessor Parcel Number 41A70A
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $1,023 | $176,300 | $33,700 | $142,600 |
| 2024 | $952 | $32,600 | $0 | $32,600 |
| 2023 | $1,168 | $32,600 | $0 | $32,600 |
| 2022 | $982 | $32,600 | $0 | $32,600 |
| 2021 | $1,198 | $25,400 | $0 | $25,400 |
| 2020 | $1,181 | $25,400 | $0 | $25,400 |
| 2019 | -- | $25,400 | $0 | $25,400 |
| 2018 | $971 | $25,400 | $0 | $25,400 |
| 2017 | $971 | $25,400 | $0 | $25,400 |
| 2016 | -- | $25,400 | $0 | $25,400 |
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/12/2026 09/12/26 | For Sale | $550,000 | -- | $197 / Sq Ft |
Source: New River Valley Association of REALTORS®
MLS Number: 428661
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 99 Moore Ln
- 0 Fries Road Foxfire Ln Unit 94432
- TBD Fries Rd
- TBD River Bottom Ln
- TBD Pridemoore Rd
- 105 Greenhaven Dr
- 104 Colonial Dr
- 116 Sherry Ln
- 308 Armory Rd
- 110 Carriage Dr
- 108 Carriage Dr
- TBD Mountain View Ave
- 102 Carriage Dr
- 128 Armory Rd
- 122 Armory Rd
- 224 Waugh Dr
- 310 W Washington St
- 503 N Main St
- 701 Lincoln Rd
- 201 W Webster St
Ask me questions while you tour the home.