$525,000
Meadowview, VA 24361
MLS# 9991031
1988 sqft
1 / 57
Property Description
Rare investment opportunity beside of Emory and Henry University, a small prestigious, private school in the beautiful mountains of Southwest Virginia. This former E & H home has been newly remodeled into a four unit apartment building with laundry center. The Wasp Nest is designed for Professional and/or Emory Students to enjoy quiet, peaceful living. Rent on each unit includes electric, internet, water, sewer, and mowing. Walk to class, the post office, medical office, restaurant, and all the University has to offer with its many athletic and academic functions. This property has almost half an acre with a large parking area for tenants. Each apartment is thoughtfully designed with kitchen/lr combo, bedroom and bathroom. A mini split is in each unit for comfort year round. This apartment unit is minutes away from I-81, Historic Abingdon, Bristol, The Virginia Creeper Trail, and Appalachian Trail.
Details
Maps
Location, Tax & Legal Info
Lot #: 3
Parcel ID: 068a2 4 2 3
Block: 2
Deed Book #: 250003273
Deed Page #: 250003273
City Taxes: 0
County Taxes: 884.94
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 525000
Current Price: $525,000
Listing Date: 2026-02-10
General Property Description
Lot Dimensions: 89x200x115x202
Acres: 0.47
Zoning: VIllage
# Buildings: 1
Elementary School: Meadowview
# of Units: 4
Middle School: Glade Spring
Total Units: 4
High School: Patrick Henry
Stories: 2
Senior Community YN: No
# Fireplaces: 1
HOA Y/N: No
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1970
Total SqFt: 1988
Remarks & Misc
Public Remarks: Rare investment opportunity beside of Emory and Henry University, a small prestigious, private school in the beautiful mountains of Southwest Virginia. This former E & H home has been newly remodeled into a four unit apartment building with laundry center. The Wasp Nest is designed for Professional and/or Emory Students to enjoy quiet, peaceful living. Rent on each unit includes electric, internet, water, sewer, and mowing. Walk to class, the post office, medical office, restaurant, and all the University has to offer with its many athletic and academic functions. This property has almost half an acre with a large parking area for tenants. Each apartment is thoughtfully designed with kitchen/lr combo, bedroom and bathroom. A mini split is in each unit for comfort year round. This apartment unit is minutes away from I-81, Historic Abingdon, Bristol, The Virginia Creeper Trail, and Appalachian Trail.
Directions: Interstate 81 North to exit 26; Left off ramp; Go approximately 1.2 miles; Left on Princeton Avenue; First house on the left.
Property Condition
Above Average: 1
Updated/Remodeled: 1
Income and Expenses
Gross Annual Income: 56400
Exterior Finish
Brick: 1
T111: 1
Unit 1
# Units: 4
# Rooms: 3
# Bedrooms: 1
# Bathrooms: 1
SqFt: 489
Monthly Rent: 1200
Unit 2
# Units: 1
# Rooms: 3
# Bedrooms: 1
# Bathrooms: 1
SqFt: 671
Monthly Rent: 1300
Style
Traditional: 1
Roof
Metal: 1
Unit 3
# Units: 1
# Rooms: 3
# Bedrooms: 1
# Bathrooms: 1
SqFt: 385
Monthly Rent: 1100
Levels
Two: 1
Unit 4
# Units: 1
# Rooms: 3
# Bedrooms: 1
# Bathrooms: 1
SqFt: 443
Monthly Rent: 1100
Window Features
Insulated Windows: 1
Interior Features
Remodeled: 1
Heating
See Remarks: 1
Info Available
Survey: 1
AC
See Remarks: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Topography/Lot Description
Cleared: 1
Level: 1
Rolling Slope: 1
Fireplace
Brick: 1
Living Room: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Flooring
Laminate: 1
Easements
None: 1
Basement
Block: 1
Financing
Cash: 1
Conventional: 1
Parking Features
Attached: 1
Gravel: 1
Showing Instructions
Showing Service: 1
Existing Finance
Conventional: 1
Other Rooms
Laundry: 1
Porch/Patio/Deck
Deck: 1
Walls
Drywall: 1
Foundation
Block: 1
Structure Type
House: 1
Multi Family: 1
Expenses Include
Cable TV: 1
Electric: 1
Lawn Maint: 1
Repairs and Maint: 1
Taxes Real Estate: 1
Waste: 1
Water/Sewer: 1
Location Tax Legal Info
Street #: 31157
Street Name: Princeton
St Suffix: Avenue
County: Washington
State/Province: VA
Zip Code: 24361
Property Features
Property Condition: Above Average; Updated/Remodeled
Style: Traditional
Levels: Two
Exterior Finish: Brick; T111
Interior Features: Remodeled
Appliances: Dryer; Range; Refrigerator; Washer
Flooring: Laminate
Roof: Metal
Other Rooms: Laundry
Parking Features: Attached; Gravel
Heating: See Remarks
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Window Features: Insulated Windows
Sewer: Public Sewer
Fireplace: Brick; Living Room
Basement: Block
Foundation: Block
AC: See Remarks
Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected
Structure Type: House; Multi Family
Walls: Drywall
Info Available: Survey
Easements: None
Financing: Cash; Conventional
Existing Finance: Conventional
Expenses Include: Cable TV; Electric; Lawn Maint; Repairs and Maint; Taxes Real Estate; Waste; Water/Sewer
Showing Instructions: Showing Service
Listing Office: Robin's Nest Realty, LLC
Last Updated: February - 10 - 2026
Information deemed reliable but not guaranteed.