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307/309 Calhoun Street, 
Galax, VA 24333

$259,900


Bed


Bath


2,123

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Alex Lineberry

A Team Real Estate Company

276-733-7550

Last updated:

June 20, 2025, 02:37 PM

MLS#

100086

Source:

VA SWVAR

About This Home

307/309 Calhoun Street

Don't miss this unique investment opportunity located just minutes from the heart of downtown Galax, Virginia. This versatile package includes two income-producing homes on one lot, offering excellent potential for rental income, multi-generational living, or future resale value. The first home is a charming 1-bedroom, 1-bathroom cottage with 666 sq ft - perfect as a long-term rental, guest suite, or Airbnb unit. It features beautiful hardwood floors, main-level living, and is currently occupied by a great long-term renter, offering immediate income for the next owner. The second property is a spacious 4-bedroom, 1-bathroom home with 1,457 sq ft, a traditional layout, and plenty of living space—ideal for a larger family or high-yield rental. It has been recently remodeled with fresh interior paint, newly stained decks, replacement windows, and showcases hardwood flooring throughout the main living areas. Main rooms are located on the first level for added convenience, and the home includes a carport for covered parking. The lot also features a nice level yard, adding to the property's overall usability and curb appeal. Located just minutes from downtown Galax, tenants or owners will enjoy easy access to local shops, restaurants, the New River Trail, and community events. Galax is known for its welcoming atmosphere, music heritage, and scenic surroundings - making it a smart and appealing place to invest. Whether you're a seasoned investor or just getting started, this property offers strong rental potential, thoughtful updates, and lasting value in a prime location.

Home Facts

Multi-Family

Built in 1914

Price Summary

259,900

$122 per Sq. Ft.

MLS #:

100086

Last Updated:

June 20, 2025, 02:37 PM


Rooms & Interior

Interior

Living Area:

2,123 Sq. Ft.


Structure

Structure

Building Area:

2,456 Sq. Ft.

Year Built:

1914


Lot

Lot Size (Sq. Ft):

13,068


Finances & Disclosures

Finances

Price:

$259,900

Price per Sq. Ft:

$122 per Sq. Ft.

Source:VA SWVAR
The information being provided by Southwest Virginia Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Southwest Virginia Association of REALTORS All rights reserved.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.