31157 Princeton Avenue Meadowview, VA $ 525,000
31157 Princeton Avenue
$ 525,000
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31157 Princeton Avenue

Meadowview, VA, 24361
$ 525,000
Bedrooms4 Baths4.0 Sq 1,988

Monthly Estimate*

$ 3,233

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Multi-Family Home for sale in Meadowview, VA

for $525,000 with 4 bedrooms and 4 full baths. This 1,988 square foot home was built in 1970 on a lot size of 0.47.

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.

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Multi-Family Active

Price

$ 525,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 884

Style

Front & Back,One Building

Lot Size

0.47

Year Built

1970

Town/City

Meadowview

County/Region

Washington

MLS | Web ID

105757

Features
Interior
Interior Amenities Newer Paint
Flooring Newer Floor Covering Laminate
Total Fireplaces 1
Fireplace Features One Other
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Insulated Windows
Fireplace Y/N Y
Above Grade Finished Area 1988
Laundry Features Common Area Laundry Room Lower Level
Total Bedrooms 4
Below Grade Finished Area 0
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Appraisal
Above Grade Finished Area Source Appraisal
Above Grade Finished Area Unit Type Square Feet
Total Baths 4
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General
Sewer Public Sewer
Heating Electric Mini Split
Cooling Electric Mini Split
Utilities Natural Gas Not Available
Roof Metal
Appliances Range Refrigerator Washer Dryer Electric Water Heater 1 Bdrm-Stove 1 Bdrm-Refrigerator
Zoning Village
Construction Materials Brick T1-11 Dry Wall
Year Built 1970
Electric Master Meters
Property Subtype Apartment
Tax Year 2025
Gross Income 4700
Waterfront Features None
County Washington-VA
Net Operating Income 4700
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Emory Hills
Garage Y/N N
Status Active
Directions Interstate 81 North to exit 26; Left off ramp; Go approximately 1.2 miles; Left on Princeton Avenue; First house on the left.
High School Patrick Henry
City Meadowview
Disclosures Property Disclosure
Number Of Units Total 4
MLS Area Emory
Lot Size Units Square Feet
Lot Size Square Feet 20473.2
Carport Y/N N
Number of Units Leased 1
Elementary School Meadowview
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 884.94
Showing Instructions Occupied Schedule Through Navica
Home Warranty Y/N N
Middle/Junior High School Glade Spring
Property Condition Exterior Condition: Very Good Interior Condition: Very Good
Additional Parcels Y/N N
Structure Type Front & Back One Building
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 3
Total Actual Rent 1100
Freehold IDX BBO
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Exterior
Fencing Fenced
Parking Features Common Gravel
Water Source Public
Lot Size Area 20473.2
Foundation Details Block
Spa N
Building Area Total 1988
Lot Dimensions 89 x 200 x 115 x 202
Lot Size Acres 0.47
Road Surface Type Paved
Waterfront Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
Robin's Nest Realty Llc

Broker

robinsnestrealty1@gmail.com

Email

Affordability Calculator

$3,306
Per Month
98%
2%
0%
Monthly Principal & Interest
$3,233
Monthly Property Taxes
$74
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1875526 Elementary School
1875591 Middle School
Patrick Henry High School High School
Pricing History
DatePricePrice ChangeDescription
2/7/2026$525,000 Listed Price

Map


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31157 Princeton Avenue, Meadowview, VA, 24361 is a Multi-Family Home for sale at $525,000 with 1,988 sqft and a lot size of 0.47. 31157 Princeton Avenue has 4 bedrooms, 4.0 baths, and was built in 1970. The property's zip code is 24361 which is in Meadowview, VA