Last Sold Price
24 beds12 baths10,464 sqft$49/sqft
137 Riley Dr, Chilhowie, VA 24319

Description

Investment Opportunity! Twelve fully rented units just outside of the Town of Chilhowie. These units consists of two, six unit buildings. One unit is located at 137 Riley Dr. and the other is located at 302 Apple Valley Road. These units are each 2 bedrooms and 1.5 bathrooms. They have been well maintained and feature newer metal roofs and some updated heat pumps. The rents are currently at $375 per month but have not seen a substantial increase in many years. Tenants pay for their own utilities.Investment Opportunity! Twelve fully rented units just outside of the Town of Chilhowie. These units consists of two, six unit buildings. One unit is located at 137 Riley Dr. and the other is located at 302 Apple Valley Road. These units are each 2 bedrooms and 1.5 bathrooms. They have been well maintained and feature newer metal roofs and some updated heat pumps. The rents are currently at $375 per month but have not seen a substantial increase in many years. Tenants pay for their own utilities.
LISTING CLOSED: 09/01/2022 12:00 AM

  1. Listed by Bryan Godwin • Brokerage DRE #0226034256 • Godwin Realty LLC
    P: (276) 685-1147 C: (276) 685-1147 bryangodwinrealtor@gmail.com

Property Details for 137 Riley Drive

Status
MLS #
82579
Days on Market
119
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1991
Lot Size
1.03 AC / 44,866 SF
View
Lake
Has View
Yes
Zoning Description
R

Recent comparable sales

Median sold price

$380,000

Avg days on market

99

Sale-to-list ratio

88.9%

Chilhowie, VA

9 comparable properties found

a house view with a garden space
1/94
1

$380,000

Sold 05/29/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,881
Square Feet
0.75
Acres
$498,000 | 1208 Old Stage Road, Chilhowie, VA 24319
1/7
2

$498,000

Sold 01/08/25

4
Bedrooms
4,575
Square Feet
1.39
Acres
a front view of a house with a yard
1/50
3

$493,500

Sold 04/28/25

4
Bedrooms
2,227
Square Feet
28
Acres
$485,000 | 156 Brooke Street, Chilhowie, VA 24319
1/72
4

$485,000

Sold 08/17/26

3
Bedrooms
3,562
Square Feet
1.47
Acres
$337,500 | 524 Old Stage Road, Chilhowie, VA 24319
1/56
5

$337,500

Sold 02/20/26

4
Bedrooms
2,582
Square Feet
1.3
Acres
6

$336,000

Sold 10/02/25

Unavailable
Bedrooms
3
Bathrooms
3,110
Square Feet
87
Acres
a front view of a house with a yard
1/55
7

$430,000

Sold 07/08/26

4
Bedrooms
2,326
Square Feet
3.25
Acres
8

$360,000

Sold 05/29/25

Unavailable
Bedrooms
2
Bathrooms
3,132
Square Feet
0.40
Acres
9

$143,100

Sold 01/14/26

3
Bedrooms
2
Bathrooms
1,248
Square Feet
0.37
Acres

Location

Add your commute

Building Information for 137 Riley Drive

Stories-Residences12Year Built1991Building Size-Lot Size1.03 AC / 44,866 SF

Payment Calculator

$2,812 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,618

Property Taxes

$194

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 137 Riley Drive

Summary
Location and General Information
  • Directions: From I-81 N take exit 35. Turn left onto Whitetop Road. Turn right onto Lee Highway. Turn left onto Apple Valley Road. Turn left onto Riley Dr. The unit is the unit in the middle.
  • Latitude: 36.818615
  • Longitude: -81.668488
Taxes and HOA
  • Parcel Number: 54A-6-10B
  • Tax Year: 2021
School Information
  • Elementary School: Chilhowie
  • High School: Chilhowie
  • Middle Or Junior School: Chilhowie
Property
Lot Information
  • Lot Size Acres: 1.03
Property and Assessments
  • Building Area Total: 10464.0
  • Living Area: 10464.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1991
Building Features
  • Construction Materials: Brick, Vinyl Siding, Stone Veneer
  • Roof: Metal
Farm Information
  • Horse: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Refrigerator, Range, Electric Water Heater
  • Basement: Crawl Space
  • Total Bathrooms: 1
  • Total Bedrooms: 24
  • Cooling: Central Air
  • Has Cooling: Yes
  • Flooring: Carpet
  • Heating: Central, Heat Pump
  • Has Heating: Yes
  • Laundry Features: Main Level
  • Has Spa: No
  • Water Heater: Electric
  • Window Features: Insulated Windows
Multi Family
Multi Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Gross Income: $54,000
  • Insurance Expense: $1,600
  • Net Operating Income: $49,048
Unit Information
Unit 1
  • Baths Total: 1
  • Total Rent: $375.00
  • Units Total: 12

Property History for 137 Riley Drive

DateEvent & SourcePriceAppreciation
Sep 1, 2022

Sold

Southwest Virginia AOR #82579

$515,000
Aug 26, 2022

Sold (Public Record)

Public Record #1497186248

$515,000
May 12, 2022

Pending

Southwest Virginia AOR #82579

DateEvent & SourcePrice
09/01/2022

Sold

Southwest Virginia AOR #82579

$515,000
08/26/2022

Sold (Public Record)

Public Record #1497186248

$515,000
05/12/2022

Pending

Southwest Virginia AOR #82579

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 137 Riley Drive

Taxable ValueLand$30,000Additions$364,800Total$394,800
Tax Record2025$2,329 ($194 / month)
Home Facts
Baths6Total Finished SqFt5,280 SqFtAbove Grade Finished SqFt5,280 SqFtStories2Lot Size30,928 SqFtStyleMulti-Family Res (5+ Units)Year Built1991Year Renovated1991CountySMYTHAPN54A-6-10B

Schools near 137 Riley Drive

This home is within Smyth County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Chilhowie Elementary School
PublicPK to 5

Chilhowie Middle School
Public6 to 8

Chilhowie High School
Public9 to 12

Smyth County Virtual
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 24319

$215,000 | 637 Riverside Road, Chilhowie, VA 24319
1/29

$215,000

Unavailable
Bedrooms
1,530
Square Feet
0.25
Acres
a living room with a fireplace and a flat screen tv
1/80

$589,900

Unavailable
Bedrooms
2,414
Square Feet
0.7
Acres
$265,000 | 16557 Mill Creek Road, Chilhowie, VA 24319
1/29

$265,000

4
Bedrooms
1,809
Square Feet
2.54
Acres
$185,000 | 242 Aker Avenue, Chilhowie, VA 24319
1/24

$185,000

Unavailable
Bedrooms
1,000
Square Feet
6,609
Acres
$550,000 | 939 Cherokee Lane, Chilhowie, VA 24319
1/84
New Construction

$550,000

4
Bedrooms
2,500
Square Feet
6.31
Acres
$139,000 | 176 Crestwood Drive, Chilhowie, VA 24319
1/27

$139,000

3
Bedrooms
1,638
Square Feet
0.4
Acres
a front view of a house with a porch and garden
1/37
Active Contingency

$265,000

3
Bedrooms
1,968
Square Feet
0.3
Acres
$169,900 | 823 Midnight Drive, Chilhowie, VA 24319
1/18
Active Contingency

$169,900

2
Bedrooms
1,346
Square Feet
0.38
Acres
a view of a backyard with a small cabin
1/35

$139,000

2
Bedrooms
672
Square Feet
1.03
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 137 Riley Drive, Chilhowie, VA 24319
$515,000
24
12
10,464
44,866
5
4,320
24,829
8
4
5,328
28,750
17,424
$143,100
3
2
1,248
16,117
$103,000
3
2
1,628
29,621

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Godwin Realty LLC, Bryan Godwin

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Virginia Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Compass and its related brokerages, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Virginia Association of REALTORS®. All Rights Reserved.