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About This Home

This 8-bedroom, 4-bathroom residential multi family at 112 Dale Street in Wise, VA is listed for $199,900 ($58 per sqft). Built in 1962, the home offers 3,429 sqft of living space on a 1.20 acres lot.

Agent Description

Investment opportunity in the heart of Wise! This 5-unit apartment complex sits on over an acre of land and offers incredible potential for investors looking to expand their portfolio or create long-term passive income. Conveniently located near UVA Wise, local schools, shopping, dining, and other amenities, this property is perfectly positioned to attract steady rental demand.

The property does need some TLC, making it an excellent value-add opportunity for the right buyer. One unit previously experienced a fire and will require rehabilitation, while one unit is currently occupied and producing income. With the remaining units ready for updates and improvements, the possibilities are endless for increasing rental income and overall property value.

Whether you're looking to renovate and maximize cash flow, create student housing, or hold as a long-term investment, this property offers location, acreage, and income potential all in one package. Don't miss your chance to bring this multi-family property back to life in one of Wise's most convenient locations!

Key Features

  • Built in 1962
  • 1.20 acre lot

Property Details

4 full
1962

Amenities

A/C

Monthly Cost Estimate

$1,069/mo

20% down · 6.5% · 30 years

Principal$145
Interest$866
Insurance$58

Estimates only. Actual payments may vary.

Location

112 Dale Street

Wise, VA 24293

Property Details

Flooring

Laminate

Construction

Brick

Parking

Driveway

Heating

Electric (Heating)

Cooling

Window Unit(s)

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 112 Dale Street is listed at $199,900 ($58/sqft). The estimated monthly payment is $866 based on 20% down at 6.5% interest.

Key features include: Built in 1962, 1.20 acre lot.

This property is listed by Robert Smith and can be reached at 2768707096 or kelly_indian7@yahoo.com.

RS

Robert Smith

Agent at Park Hill Realty Group, LLC

(276) 870-7096

Listed by Park Hill Realty Group, LLC · View on Broker Site

MLS# 9994996· Source: listhub· Updated 29 days ago

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

112 Dale Street, Wise, VA 24293

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