Sold
Last Sold Price
3,168 sqft
1849 Merrimac Rd, Blacksburg, VA 24060
Multi FamilyProperty Type
1.19 acresLot Size
$237/sq ftPrice per sq ft

Description

Exceptional Investment Opportunity – 4-Unit Apartment + Single-Family Home! This rare duo of income-producing properties is the perfect addition to any investor’s portfolio! Featuring a well-maintained 4-unit apartment building and a charming single-family home. This package delivers outstanding cash flow and incredible value. Five total units with strong and steady rental income– all units are fully occupied, generating excellent returns. Both properties have been well cared for and are ready to...Exceptional Investment Opportunity – 4-Unit Apartment + Single-Family Home! This rare duo of income-producing properties is the perfect addition to any investor’s portfolio! Featuring a well-maintained 4-unit apartment building and a charming single-family home. This package delivers outstanding cash flow and incredible value. Five total units with strong and steady rental income– all units are fully occupied, generating excellent returns. Both properties have been well cared for and are ready to go. The house has a new HVAC system, both up and downstairs. Tenant appeal-located in a desirable area offering a peaceful setting and convenience to downtown Blacksburg and VT. Future potential– opportunity for rental increases or further development. Whether you want to maximize your cash flow or expand your portfolio, this combination of properties checks all the boxes. Don’t miss this chance to own a stable, high-performing investment property! Annual gross rents -$73,980
  • Listed by: Brian McHone 540.239.5901 brianmchone@yahoo.com • RE/MAX 8 - Blacksburg
Listing closed: 03/10/2025 12:00 AM • Source: New River Valley Association of REALTORS, MLS#: 422939

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Recent comparable sales

Median sold price

$702,500

Avg days on market

64

Sale-to-list ratio

97.8%

Blacksburg, VA

9 comparable properties found

$624,000 | 1706 Boxwood Drive, Blacksburg, VA 24060
1/22
1

$624,000

Sold 11/17/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,016
Square Feet
0.43
Acres
$702,500 | Tbd Memory Lane, Blacksburg, VA 24060
1/2
2

$702,500

Sold 01/07/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
4.50
Acres
$735,000 | 313 Sunset Boulevard, Blacksburg, VA 24060
1/39
3

$735,000

Sold 12/23/24

Unavailable
Bedrooms
Unavailable
Bathrooms
3,840
Square Feet
0.85
Acres
$610,000 | 712 Roanoke Street East, Blacksburg, VA 24060
1/2
4

$610,000

Sold 05/06/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,840
Square Feet
0.30
Acres
5

$750,000

Sold 06/04/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
43
Acres
$559,000 | 213 Landsdowne Street, Blacksburg, VA 24060
1/35
6

$559,000

Sold 03/20/25

Unavailable
Bedrooms
Unavailable
Bathrooms
4,112
Square Feet
1.24
Acres
$95,000 | Lot 28 Smithfield Drive, Blacksburg, VA 24061
1/15
7

$95,000

Sold 07/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
5.00
Acres
8

$795,000

Sold 05/20/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,484
Square Feet
0.22
Acres
$1,000,000 | Tbd Country Club Drive Southwest, Blacksburg, VA 24060
1/10
9

$1,000,000

Sold 12/17/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.71
Acres

Location

Listing Courtesy of RE/MAX 8 - Blacksburg, Brian McHone

Sold By MR Real Estate, Joe Racek

Add your commute

Payment Calculator

$4,224 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,004

Property Taxes

$220

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 1849 Merrimac Road

Property Details
  • Taxes: $2,642 / year
  • MLS Type: Residential Income / Multi Family
  • Architectural Style: Cape Cod
  • Zoning Description: Agricultural
Building Information
  • Residences: 4
  • Lot Size: 1.19 AC / 51,967 SF
Summary
Location and General Information
  • Directions: Prices Fork to left on Merrimac. Go 1.4 miles, located on the right. There is NO sign.
  • Latitude: 37.202925
  • Longitude: -80.454023
Taxes and HOA
  • Parcel Number: 012019
  • Tax Annual Amount: $2,642.25
  • Tax Year: 2024
School Information
  • Elementary School: Kipps
  • High School: Blacksburg
  • Middle Or Junior School: Blacksburg
Parking
  • Garage: No
  • Parking Features: Off Street
Property
Lot Information
  • Lot Size Acres: 1.193
Property and Assessments
  • Living Area: 3168.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
Building Features
  • Roof: Metal, Shingle
Utilities
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Electric Water Heater
  • Basement: Concrete, Walk-Out Access
  • Has Basement: Yes
  • Heating: Heat Pump
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 4

Property History for 1849 Merrimac Road

DateEvent & SourcePriceAppreciation
Mar 10, 2025

Sold

New River Valley Association of REALTORS #422939

$750,000—
Feb 5, 2025

Pending

New River Valley Association of REALTORS #422939

—
Jan 10, 2025

Listed (Active)

New River Valley Association of REALTORS #422939

$899,000—
DateEvent & SourcePrice
03/10/2025

Sold

New River Valley Association of REALTORS #422939

$750,000
02/05/2025

Pending

New River Valley Association of REALTORS #422939

—
01/10/2025

Listed (Active)

New River Valley Association of REALTORS #422939

$899,000

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

Public Records for 1849 Merrimac Road

Taxable ValueLand$38,800Additions$313,500Total$352,300
Tax Record2026$2,854 ($238 / month)
Home Facts
Beds6Baths4Total Finished SqFt3,168 SqFtAbove Grade Finished SqFt3,168 SqFtStories2Lot Size51,967 SqFtStyleSingle Family ResidenceYear Built1971Year Renovated1975ZoningA1CountyMONTGOMERYAPN053- A 11

Schools near 1849 Merrimac Road

This home is within Montgomery County Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 6
Rating
School
Distance
Kipps Elementary School
PublicK to 5

Blacksburg Middle School
Public6 to 8

Blacksburg High School
Public9 to 12

Tall Oaks Montessori School
PrivatePK to 6

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 24060

$329,500

2
Bedrooms
1,039
Square Feet
0.10
Acres

$975,000

4
Bedrooms
3,940
Square Feet
2.55
Acres

$399,900

3
Bedrooms
1,536
Square Feet
1.78
Acres
$290,000 | 452 Marlington Street, Unit 452, Blacksburg, VA 24060
1/35

$290,000

3
Bedrooms
1,344
Square Feet

$650,000

3
Bedrooms
1,650
Square Feet
0.23
Acres
$205,000 | 1703 Butternut Road, Blacksburg, VA 24060
1/31
Virtual Tour

$205,000

1
Bedrooms
1,174
Square Feet
0.68
Acres
$1,695,000 | 105 Tee Street, Blacksburg, VA 24060
1/12

$1,695,000

Unavailable
Bedrooms
Unavailable
Bathrooms
6,048
Square Feet
0.36
Acres
$895,000 | 913 Gracelyn Court, Blacksburg, VA 24060
1/65

$895,000

4
Bedrooms
3,536
Square Feet
0.33
Acres
$359,000 | 129 Tee Street, Blacksburg, VA 24060
1/13

$359,000

3
Bedrooms
888
Square Feet
0.42
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1849 Merrimac Road, Blacksburg, VA 24060
$750,000
–
–
3,168
51,967
$500,000
–
–
–
152,460,000
–
2
2
1,440
57,456
–
4
1
1,500
174,240
$295,500
–
–
–
24,611
–
1
1
840
43,560

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 RE/MAX 8 - Blacksburg, Brian McHone

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of New River Valley 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. Information deemed reliable but not guaranteed. Copyright ©2026 New River Valley Association of REALTORS®. All rights reserved.