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About This Home
This 8-bedroom, 5-bathroom residential multi family at 508 W Stuart Dr in Galax, VA is listed for $339,000 ($111 per sqft). Built in 1925, the home offers 3,045 sqft of living space on a 0.30 acres lot.
Excellent investment opportunity at 508 W Stuart Drive in Galax! This well-maintained four-unit multifamily property offers a strong combination of stable long-term rental income and proven short-term rental potential. Units 2 and 4 are occupied by reliable long-term tenants who currently pay on time, while Units 1 and 3 are successfully operating as short-term rentals through Airbnb.
Each unit offers 2 bedrooms, functional kitchen spaces, and comfortable living areas. Unit 1 features additional space with 2 bathrooms and a separate dining room, creating added appeal for short-term guests. The short-term rental units (Units 1 and 3) are being offered fully furnished, allowing for a seamless transition for the next owner to continue operating the business with minimal additional investment.
The property also includes a shared common laundry room for all four units, along with a rear storage building that provides convenient space for trash can storage, helping maintain clean curb appeal and organization. All units are serviced by Xfinity cable and internet; however, buyers should verify service speed and reliability to their own satisfaction.
Unit 2 and Unit 4 are occupied by long-term tenants and will require ample notice prior to showings. The two short-term rental units will only be available to show during vacancy periods when no guests are occupying the property. Please contact the listing agent well in advance to coordinate buyer showings and schedule appropriate access.
Key Features
- Built in 1925
- 0.30 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,813/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
508 W Stuart Dr
Galax, VA 24333
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 5-bathroom residential multi family at 508 W Stuart Dr is listed at $339,000 ($111/sqft). The estimated monthly payment is $1,469 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.30 acre lot. Interior Features: Built-in Features, Multi Phone Line, Newer Paint. Exterior Features: Rain Gutters.
This property is listed by Chris Davis and can be reached at 2762332362 or SOLD@cdsellsva.com.


