$149,000
Big Stone Gap, VA 24219
MLS# 9995231
1 / 11
Property Description
Exceptional multi-unit investment opportunity in a prime location! Welcome to 201 and 203 E 5th Street a cash-flowing property packed with potential and positioned just steps from the popular Greenbelt walking track, shopping, dining, and local amenities. This unique income-producing property currently generates approximately $2,000 per month and features: * Commercial storefront space with a long-term tenant in place * Three 1-bedroom apartments * One 2-bedroom apartment * Additional large storage area with the potential to be converted into another income-producing unit One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value. With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street!
Details
Maps
Location, Tax & Legal Info
Parcel ID: 000218
City Taxes: 501.16
County Taxes: 785.91
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 149000
Current Price: $149,000
Listing Date: 2026-05-11
General Property Description
Lot Dimensions: 0.2
Acres: 0.2
Zoning: GB
# Buildings: 1
Elementary School: Union
# of Units: 6
Middle School: Union
Total Units: 6
High School: Union
HOA Y/N: No
Property Sub-Type: Multi Family
Year Built: 9999
Remarks & Misc
Public Remarks: Exceptional multi-unit investment opportunity in a prime location! Welcome to 201 and 203 E 5th Street a cash-flowing property packed with potential and positioned just steps from the popular Greenbelt walking track, shopping, dining, and local amenities.
This unique income-producing property currently generates approximately $2,000 per month and features:
* Commercial storefront space with a long-term tenant in place
* Three 1-bedroom apartments
* One 2-bedroom apartment
* Additional large storage area with the potential to be converted into another income-producing unit
One of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value.
With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street!
Directions: From Gilley Ave and E 5th intersection. Turn right onto E 5th ST S. Property on left across from Freedom Chevrolet
Exterior Finish
Vinyl Siding: 1
Unit 1
# Bedrooms: 1
Unit 2
# Bedrooms: 1
Style
Other: 1
Unit 3
# Bedrooms: 1
Levels
One: 1
Unit 4
# Bedrooms: 2
Heating
Electric: 1
AC
Window Unit(s): 1
Water
Public: 1
Topography/Lot Description
Level: 1
Easements
None: 1
Structure Type
Quadruplex: 1
Location Tax Legal Info
Street #: 201
St Direction: South
Street Name: 5th
St Suffix: Street
County: Wise
State/Province: VA
Zip Code: 24219
Property Features
Style: Other
Levels: One
Exterior Finish: Vinyl Siding
Heating: Electric
Water: Public
AC: Window Unit(s)
Structure Type: Quadruplex
Easements: None
Listing Office: Park Hill Realty Group, LLC
Last Updated: May - 12 - 2026
Information deemed reliable but not guaranteed.