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215 5th Ave Galax, VA $ 125,000
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$ 125,000 Get more info
215 5th Ave
$ 125,000
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215 5th Ave

Galax, VA, 24333
$ 125,000
Bedrooms4 Baths2.0 Sq 2,689

Monthly Estimate*

$ 863

215 5th Ave, Galax, VA 24333 - Image 1
215 5th Ave, Galax, VA 24333 - Image 2

Multi-Family Home for sale in Galax, VA

for $125,000 with 4 bedrooms and 2 full baths. This 2,689 square foot home was built in 1937 on a lot size of 0.3.

**Investment Opportunity in Galax!** This triplex is conveniently located within Galax city limits and offers excellent income-producing potential. Two units are currently tenant-occupied, providing immediate rental income, while the third unit is ready for renovation and offers an opportunity to add value and increase future rental potential. A **new roof was installed in 2025**, adding to the property's appeal for investors. Whether you're looking to expand your rental portfolio or take advantage of a value-add opportunity, this property is full of potential!

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Multi-Family Contingent

Price

$ 125,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 784

Style

Triplex

Lot Size

0.3

Year Built

1937

Town/City

Galax

County/Region

Galax City

MLS | Web ID

112131
Features
General
Sewer Public Sewer
Heating Baseboard Electric
Cooling None
Utilities Natural Gas Not Available
Roof Shingle
Appliances Range Refrigerator
Zoning R2
Construction Materials Brick Dry Wall Plaster
Year Built 1937
Property Subtype Triplex
Tax Year 2025
County City of Galax - Out of County
Property Type Residential Income
Status Active Contingency
Directions From Hwy 58 W in Galax Turn right at caution light. Travel W Stuart Drive Turn left onto W Center St. Turn right onto 5th Ave. Property is at the end of the street on left.
High School Galax
City Galax
MLS Area Galax
Lot Size Units Square Feet
Lot Size Square Feet 13068
Elementary School Galax
Tax Annual Amount 784.76
Middle/Junior High School Galax
Property Condition Exterior Condition: Poor Interior Condition: Poor
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active Under Contract
Tax Lot 66
Freehold IDX BBO
Contingency Financing
Electric Separate Meters
Gross Income 13000
Net Operating Income 8850
Structure Type One Building Up & Down
Number Of Units Total 3
Number of Units Leased 2
Total Actual Rent 1150
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Interior
Basement Partially Finished Walk-Out Access
Flooring Carpet Tile Wood
Fireplace Features None
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Window Features Insulated Windows
Above Grade Finished Area 1653
Laundry Features See Remarks
Total Bedrooms 4
Below Grade Finished Area 1036
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Public Records
Above Grade Finished Area Source Public Records
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
Total Fireplaces 0
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Exterior
Parking Features Gravel
Water Source Public
Lot Size Area 13068
Building Area Total 2689
Lot Size Acres 0.3
Waterfront Y/N false
Irrigation Water Rights Y/N false
Road Surface Type Paved
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* Excluded Features
List By
Morton Realty & Auction

Broker

jamie@mortonrealty.com

Email

Affordability Calculator

$929
Per Month
93%
7%
0%
Monthly Principal & Interest
$863
Monthly Property Taxes
$65
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
1875285 Elementary School
1875354 Middle School
Galax High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/30/2026$125,000 Listed Price

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215 5th Ave, Galax, VA, 24333 is a Multi-Family Home for sale at $125,000 with 2,689 sqft and a lot size of 0.3. 215 5th Ave has 4 bedrooms, 2.0 baths, and was built in 1937. The property's zip code is 24333 which is in Galax, VA

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