$199,900
Wise, VA 24293
MLS# 9994996
3429 sqft
1 / 13
Property Description
Investment opportunity in the heart of Wise! This 5-unit apartment complex sits on over an acre of land and offers incredible potential for investors looking to expand their portfolio or create long-term passive income. Conveniently located near UVA Wise, local schools, shopping, dining, and other amenities, this property is perfectly positioned to attract steady rental demand. The property does need some TLC, making it an excellent value-add opportunity for the right buyer. One unit previously experienced a fire and will require rehabilitation, while one unit is currently occupied and producing income. With the remaining units ready for updates and improvements, the possibilities are endless for increasing rental income and overall property value. Whether you're looking to renovate and maximize cash flow, create student housing, or hold as a long-term investment, this property offers location, acreage, and income potential all in one package. Don't miss your chance to bring this multi-family property back to life in one of Wise's most convenient locations!
Details
Maps
Location, Tax & Legal Info
Parcel ID: 013403
City Taxes: 580.91
County Taxes: 1379.31
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 199900
Current Price: $199,900
Listing Date: 2026-05-06
General Property Description
Lot Dimensions: 1.2
Acres: 1.2
Zoning: RB
Elementary School: Wise Elementary
Middle School: L. F. Addington
Total Units: 5
High School: Central (Wise, Va)
HOA Y/N: No
Property Sub-Type: Multi Family
Year Built: 1962
Total SqFt: 3429
Remarks & Misc
Public Remarks: Investment opportunity in the heart of Wise! This 5-unit apartment complex sits on over an acre of land and offers incredible potential for investors looking to expand their portfolio or create long-term passive income. Conveniently located near UVA Wise, local schools, shopping, dining, and other amenities, this property is perfectly positioned to attract steady rental demand.
The property does need some TLC, making it an excellent value-add opportunity for the right buyer. One unit previously experienced a fire and will require rehabilitation, while one unit is currently occupied and producing income. With the remaining units ready for updates and improvements, the possibilities are endless for increasing rental income and overall property value.
Whether you're looking to renovate and maximize cash flow, create student housing, or hold as a long-term investment, this property offers location, acreage, and income potential all in one package. Don't miss your chance to bring this multi-family property back to life in one of Wise's most convenient locations!
Directions: From Inn at Wise. Turn left onto Birchfield RD. Make a left onto Dale ST. Property on left
Exterior Finish
Brick: 1
Unit 1
# Bedrooms: 2
# Bathrooms: 1
SqFt: 3429
Unit 2
# Bedrooms: 2
# Bathrooms: 1
Style
See Remarks: 1
Roof
Metal: 1
Unit 3
# Bedrooms: 2
# Bathrooms: 1
Unit 4
# Bedrooms: 2
# Bathrooms: 1
Heating
Electric: 1
AC
Window Unit(s): 1
Water
Public: 1
Sewer
Public Sewer: 1
Topography/Lot Description
Level: 1
Flooring
Laminate: 1
Easements
None: 1
Financing
Cash: 1
Conventional: 1
Parking Features
Driveway: 1
Structure Type
Multi Family: 1
Location Tax Legal Info
Street #: 112
Street Name: Dale
St Suffix: Street
County: Wise
State/Province: VA
Zip Code: 24293
Property Features
Style: See Remarks
Exterior Finish: Brick
Flooring: Laminate
Roof: Metal
Parking Features: Driveway
Heating: Electric
Water: Public
Sewer: Public Sewer
AC: Window Unit(s)
Structure Type: Multi Family
Easements: None
Financing: Cash; Conventional
Listing Office: Park Hill Realty Group, LLC
Last Updated: May - 07 - 2026
Information deemed reliable but not guaranteed.