# 1046 Terrace Drive, Marion, VA 243554

> **TL;DR:** single family, $899,999 ($109/sqft), built 1985, 8,250 sqft.
> A/C. Est. $3,900/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $899,999 |
| Price/sqft | $109 |
| Square Feet | 8,250 |
| Year Built | 1985 |
| Lot Size | 30,056 sqft (0.69 acres) |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,900 |
| **Total** | **$3,900** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1985
- 0.69 acre lot
- 25 parking spaces

## Description

### Agent Description
Great investment....1046 Terrace Drive Student Suites & Business Rental Investment Property....Tour this facility that features 8250 sq.ft. of updated & well maintained, established rentals. Main level consists of rentals w/2 year lease terms, currently at full capacity, & include 4 suites housing 2 students each. Each student has a spacious en suite with private bath, closet, study desk area & enough room for a queen size bedroom suite. Shared common area is kitchen/living/dining. All suites have granite countertops, tub/shower enclosures & pantry storage. Internet and all utilities are included in rent. Coin operated laundry area open to all residents. Mail boxes onsite. One Handicap Unit. 8 rentals at $800/mo. Lower level is leased for $2100/mo as a health care office unit. It contains multiple offices & storage, 2 half baths & 2 kitchenettes. This investment will begin as a profit & pay for itself from the start. 48 hour appt to show. Prospects must be preapproved before viewing.

## Location

- **Address:** 1046 Terrace Drive, Marion, VA 243554
- **County:** Smyth
- **Coordinates:** 36.847765, -81.504552
- **Google Maps:** https://www.google.com/maps?q=36.847765,-81.504552

## Virtual Tour & Media

- **Video Tour:** tour.usamls.net/1046-Terrace-Drive-Marion-VA-243554/unbranded

## Listing Agent

- **Name:** Vickie Stamper
- **Brokerage:** Appalachian Realty Co.
- **Phone:** 2767803172
- **Email:** vickie.stamper@appalachianrealtors.com

## Primary Photo

![1046 Terrace Drive - Primary Photo](http://lh.rdcpix.com/e2208de053a5a1d5ff995780f4a219b6l-f3201959407r.jpg)

*63 total photos available on [listing page](https://www.propertysimple.com/listing/1046-terrace-drive-marion-va-243554-va94332)*

---

**MLS#:** 94332 | **Updated:** 2026-06-17
**Source:** listhub

*Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1046-terrace-drive-marion-va-243554-va94332)

---

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