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31157 Princeton Avenue, 
Meadowview, VA 24361

$499,900


—

Bed


—

Bath


1,988

Sq Ft


Condo


Virtual Tour

Active

Listed by

Robin Pennington Bise

Robin'S Nest Realty LLC.

276-429-1132

Last updated:

October 7, 2026, 03:21 PM

MLS#

105757

Source:

VA SWVAR

About This Home

31157 Princeton Avenue

Welcome to The Wasp Nest, a unique and recently remodeled four-unit investment property ideally located beside Emory & Henry University in beautiful Southwest Virginia. Offering approximately 1,988 square feet on nearly half an acre, this property presents an excellent opportunity for investors seeking a turnkey income-producing property in a desirable location. The building features four thoughtfully designed apartments, each offering a private bedroom, full bathroom, and comfortable kitchen/living area. Each unit is equipped with its own mini-split system for year-round comfort, while a convenient laundry center serves the property. Designed with professionals in mind, the property offers a peaceful setting while being within easy walking distance of the university, post office, medical offices, and local dining. Tenant rent includes electric, internet, water, sewer, and lawn maintenance, creating a convenient rental experience and an attractive income opportunity for ownership. The property sits on approximately 0.47 acres with a large parking area and a combination of level and gently rolling terrain. Additional features include a deck, attached parking, public water and sewer, laminate flooring, updated interiors, and a metal roof. Location is another major advantage. The property is just minutes from Interstate 81, Historic Abingdon, Bristol, the Virginia Creeper Trail, and the Appalachian Trail, providing residents with easy access to employment, education, recreation, and regional amenities.

Home Facts

Condo

Built in 1970

Subdivision & Development:

Emory Hills

Price Summary

499,900

$251 per Sq. Ft.

MLS #:

105757

Last Updated:

October 7, 2026, 03:21 PM

Added:

8 month(s) ago


Rooms & Interior

Interior

Living Area:

1,988 Sq. Ft.


Structure

Structure

Building Area:

1,988 Sq. Ft.

Year Built:

1970


Lot

Lot Size (Sq. Ft):

20,473


Finances & Disclosures

Finances

Price:

$499,900

Price per Sq. Ft:

$251 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.