201 South 5th Street, Big Stone Gap, VA 24219
Wise County
Key Facts
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!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Structure Type
Quadruplex
Lot Size
0.20 acres
Lot Dimensions
0.2
Zoning
GB
Days on Market
14
MLS® Listing#
9995231
Property Features
Cooling
Heating
Construction
Water Source
Schools
- Elementary:
- Union
- Middle:
- Union
- High:
- Union
Financial Details
HOA
None
Parcel Number
000218
Directions
From Gilley Ave and E 5th intersection. Turn right onto E 5th ST S. Property on left across from Freedom Chevrolet
Affordability Calculator
$29,800
Estimated monthly payment
$793/mo
Principal $119,200 · Est. interest $166,295 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Big Stone Gap, VA
- $284,211
- Median Listing Price
- 79
- Median Days on Market
- 1,972
- Median Sq Ft
- $142
- Median Price / Sq Ft
- 62
- Active Listings
- This home’s price is 48% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Big Stone Gap, VA.
Location
Points of Interest in Big Stone Gap, VA
Showing the Big Stone Gap area map.
Nearby Schools
Shoemaker Elementary School
Elementary · 1.4 mi away
Shoemaker Head Start Center 4
School · 1.4 mi away
Gate City Middle School
Secondary · 1.6 mi away
Gate City High School
Secondary · 1.7 mi away
Yuma Elementary School
Elementary · 2.0 mi away
Weber City Elementary School
Elementary · 2.6 mi away
Cedar View Christian School
School · 3.4 mi away
Kennedy Elementary
Elementary · 4.1 mi away
Parker's Chapel Church
School · 4.5 mi away
Gravely Elementary School
Elementary · 4.8 mi away
Roosevelt Elementary
Elementary · 5.1 mi away
Lighthouse Christian School
School · 5.4 mi away
Jackson Elementary
Elementary · 5.6 mi away
George Washington Elementary School
Elementary · 5.7 mi away
Cedar Grove Elementary School
Elementary · 5.8 mi away
Kingsport City Schools
School · 6.0 mi away
Dobyns-Bennett High School
Secondary · 6.0 mi away
First Baptist Church
School · 6.3 mi away
St. Paul's Day School & Kindergarten
School · 6.4 mi away
John Sevier Middle School
Secondary · 6.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| Tbd Deer Track Drive, Big Stone Gap, VA | $119,000 | 2 | 1 | 544 |
| 5239 Us Hwy 421, Pennington Gap, VA | $120,000 | 2 | 1 | 2,000 |
| 5239 Us Hwy 421, Pennington Gap, VA | $120,000 | — | — | 2,000 |
| 4314 Big Hill Road, Pennington Gap, VA | $130,000 | 3 | 1 | 1,025 |
| 000 Ely Pucketts Creek Road, Pennington Gap, VA | $135,000 | — | — | — |
| 518 North E River Street, Big Stone Gap, VA | $149,000 | 3 | 2 | 1,040 |
Moving Cost Estimate
EXIT Agents in Big Stone Gap
Listing Courtesy: Park Hill Realty Group, LLC - 4235305224
Presented by: Robert Smith