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308 Armory Road, 
Galax, VA 24333

$900,000


Bed


Bath


9,792

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Christopher Fox

Bhhs- Mountain Sky Properties, Wytheville

276-228-8882

Last updated:

September 9, 2026, 03:47 PM

MLS#

111693

Source:

VA SWVAR

About This Home

308 Armory Road

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!

Home Facts

Multi-Family

Built in 1988

Subdivision & Development:

N/A

Price Summary

900,000

$91 per Sq. Ft.

MLS #:

111693

Last Updated:

September 9, 2026, 03:47 PM

Added:

18 day(s) ago


Rooms & Interior

Interior

Living Area:

9,792 Sq. Ft.


Structure

Structure

Building Area:

14,688 Sq. Ft.

Year Built:

1988


Lot

Lot Size (Sq. Ft):

56,628


Finances & Disclosures

Finances

Price:

$900,000

Price per Sq. Ft:

$91 per Sq. Ft.

Source:VA SWVAR
The information being provided by Southwest Virginia Board 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. © 2026 Southwest Virginia Board Of REALTORS® All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.