About This Home

This 7-bedroom, 2-bathroom residential multi family at 765 Water Wheel Road in Galax, VA is listed for $550,000 ($197 per sqft). Built in 2004, the home offers 2,788 sqft of living space on a 3.30 acres lot.

Key Features

  • Built in 2004
  • 3.30 acre lot
  • Fireplace
  • Waterfront

Property Details

2 full
2004

Amenities

FireplaceWaterfrontA/C
Listing Description

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 historic log cabin, previously used as a rental and currently vacant. The cabin is being sold as-is. Additional historic features include a log kitchen/shelter and a grist mill, creating a truly distinctive property with potential for additional income, personal use, or continued preservation of its unique history.

Residents share a spacious laundry area with plenty of room for washing, folding, and organizing. Outside, a large covered porch with a handicap-accessible ramp provides a welcoming space to gather and relax while enjoying the peaceful surroundings and the soothing sounds of two streams flowing through the property.

Whether you're an investor seeking rental income, someone looking for a unique property with multiple possibilities, or simply drawn to historic character and natural beauty, Twin Brooks Lodge deserves a closer look!

Monthly Cost Estimate

$2,942/mo

20% down · 6.5% · 30 years

Principal$398
Interest$2,383
Insurance$160

Estimates only. Actual payments may vary.

Location

765 Water Wheel Road

Galax, VA 24333

Features & Amenities

Interior Features

Vaulted Ceiling(s)

Property Details

Flooring

WoodVinyl

Construction

Block Wood Siding Dry Wall

Heating

Ductless (Heating)

Cooling

Central AirDuctlessZoned

Appliances

MicrowaveRefrigeratorWasherDryerElectric Water Heater

Questions & Answers

This 7-bedroom, 2-bathroom residential multi family at 765 Water Wheel Road is listed at $550,000 ($197/sqft). The estimated monthly payment is $2,941 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2004, 3.30 acre lot, Fireplace, Waterfront. Interior Features: Vaulted Ceiling(s).

This property is listed by Pamela G Montgomery.

PM

Pamela G Montgomery

Agent at Mountain Sky Properties

Listed by Mountain Sky Properties · Broker phone: (276) 228-8882 · View on Broker Site · Broker website

MLS# 111882· Source: Southwest Virginia Association of Realtors· 2 days on PropertySimple

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.

765 Water Wheel Road, Galax, VA 24333

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