# 308 Armory Road, Galax, VA 24333

> **TL;DR:** 16bd/2ba residential multi family, $900,000 ($92/sqft), built 1988, 9,792 sqft.
> A/C. Est. $4,814/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $900,000 |
| Price/sqft | $92 |
| Bedrooms | 16 |
| Bathrooms | 2 full |
| Square Feet | 9,792 |
| Year Built | 1988 |
| Lot Size | 56,628 sqft (1.30 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,551 |
| Estimated Insurance | $263 |
| **Total** | **$4,814** |

## Nearby Schools

- **Elementary:** Galax
- **Middle:** Galax
- **High:** Galax

## Key Amenities

- A/C

## Property Highlights

- Built in 1988
- 1.30 acre lot

## Description

### Agent Description
Excellent investment opportunity in a desirable Galax location! This 8-unit complex is comprised of four duplex-style townhomes and offers strong gross rental income with a solid NOI. The property provides additional upside potential, with room for rent growth among several longer-term tenants. A couple of the units have been recently renovated, providing a great example of the potential for continued improvements throughout the complex. All eight units feature full basements, offering tenants valuable additional space and storage, while two units also include private garages. The property is conveniently located just a short drive from town, combining easy access to Galax amenities with an attractive residential setting. With established rental history, good current income, and opportunities to increase rents and further improve units over time, this property offers an appealing combination of immediate cash flow and long-term investment potential. A great opportunity to add a substantial multifamily asset to your portfolio!

## Location

- **Address:** 308 Armory Road, Galax, VA 24333
- **County:** City of Galax - Out of County
- **Coordinates:** 36.6605278, -80.9416001
- **Google Maps:** https://www.google.com/maps?q=36.6605278,-80.9416001

## Virtual Tour & Media

- **Video Tour:** id.land/maps/5eaaed63c2ea63b0321b321b99502f26/share/unbranded

## Listing Agent

- **Name:** Christopher Fox
- **Brokerage:** Mountain Sky Properties
- **Phone:** 2766170189
- **Broker Phone:** (276) 228-8882
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/308-Armory-Rd_Galax_VA_24333_M91714-24350?f=listhub&s=SWVARVA&m=111693&c=propsimple)

## Photos

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---

**MLS#:** 111693 | **Updated:** 2026-09-13
**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.ai/listing/308-armory-road-galax-va-24333-a111693)

---

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  "name": "308 Armory Road, Galax, VA 24333",
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