Sold
1849 Merrimac Road
Blacksburg, VA 24060
Sold for $750,000
on Mar 10, 2025, listed at $899,000
- 3,168sq ft
- 1.2acres
- 2.4 mito Virginia Tech
Listed by Brian McHone, RE/MAX 8 - Blacksburg
About this home.
Exceptional Investment Opportunity – 4-Unit Apartment + Single-Family Home! This rare duo of income-producing properties is the perfect addition to any investor’s portfolio! Featuring a well-maintained 4-unit apartment building and a charming single-family home. This package delivers **outstanding cash flow** and incredible value. Five total units with strong and steady rental income– all units are fully occupied, generating excellent returns.
Both properties have been well cared for and are ready to go. The house has a new HVAC system, both up and downstairs. Tenant appeal-located in a desirable area offering a peaceful setting and convenience to downtown Blacksburg and VT. Future potential– opportunity for rental increases or further development.
Whether you want to maximize your cash flow or expand your portfolio, this combination of properties checks all the boxes. Don’t miss this chance to own a stable, high-performing investment property! Annual gross rents -$73,980
Facts and features.
The home
- Type
- Multi-family (Apartment Building)
- Finished area
- 3,168 sq ft
- Levels
- Two or more
Inside
- Basement
- Concrete Floor, Outside Access, Walk Out
Outside and lot
- Lot
- 1.2 acres
- Zoning
- Agricultural
Community
- Virginia Tech
- 2.4 miles to the Drillfield (straight line)
- County
- Montgomery County
- Schools
- Elementary Price's Fork Elementary Middle Blacksburg Middle High Blacksburg High This home is close to a zone line. Assigned by attendance zone. Boundaries can change; confirm with Montgomery County Public Schools. Distances are straight-line.
The listing
- Price per sq ft
- $237
- Days on market
- 26
- Listed
- Jan 10, 2025
- Source
- New River Valley Association of REALTORS® MLS #422939
Price and status history.
26
days on market
83.4%
of the original asking price
| Date | Event | Price |
|---|---|---|
| Mar 10, 2025 | Sold | $750,000 |
| Jan 10, 2025 | Listed for sale | $899,000 |
Location.
1849 Merrimac Road, Blacksburg, VA 24060
1849 Merrimac Road, Blacksburg, VA 24060.
2.4 miles to the Virginia Tech Drillfield (straight line). Walking and driving distances are longer.
Around here.
- GroceryFood Lion (Hethwood) 1 mi
- CoffeeSpace Rabbit Coffee (Newman Library) 2.6 mi
- RestaurantsFeather Bone Provisions & Assembly 2.1 mi
- Also nearbySicily Italian & Mediterranean Grill 2.3 mi
- Park or trailHahn Horticulture Garden 2 mi
- 2.9 mito downtown Blacksburg
- 2.4 mito the Virginia Tech Drillfield
- 3.2 mito Christiansburg shopping (Uptown and Spradlin Farm)
- 2.6 mito LewisGale Hospital Montgomery
Straight-line miles from this home. Driving and walking distances are longer. Discover Blacksburg
Listing information
Listing courtesy of RE/MAX 8 - Blacksburg.
Information last updated .
Listing information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed and should be independently verified. Listings are courtesy of the listing brokerage shown with each property.
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