Last Sold Price
16 beds8 baths2,448 sqft$263/sqft
308 Armory Rd, Galax, VA 24333

Description

Great investment property which carries nearly 100% occupancy. 4 separate duplexes. All are 2 bedroom, 1 1/2 bathroom units. 3 duplexes have basements and 1 duplex has garage under. Of the ones with basements, 1 duplex has both sides partially finished. Tenants enjoy the outdoor living on the back decks which provide amazing views. All units are currently occupied.Great investment property which carries nearly 100% occupancy. 4 separate duplexes. All are 2 bedroom, 1 1/2 bathroom units. 3 duplexes have basements and 1 duplex has garage under. Of the ones with basements, 1 duplex has both sides partially finished. Tenants enjoy the outdoor living on the back decks which provide amazing views. All units are currently occupied.
LISTING CLOSED: 02/15/2022 12:00 AM

  1. Listed by Bill Gearhart • Brokerage DRE #0226011462 • Coldwell Banker Townside
    P: (540) 354-4863 bgearhart@cbtownside.com

Property Details for 308 Armory Road

Status
MLS #
78896
Days on Market
236
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1988
Lot Size
1.70 AC / 74,052 SF
Zoning Description
R2

Location

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Building Information for 308 Armory Road

Stories-Residences8Year Built1988Building Size-Lot Size1.70 AC / 74,052 SF

Payment Calculator

$3,538 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,278

Property Taxes

$260

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 308 Armory Road

Summary
Location and General Information
  • Directions: Beginning at I-77 Exit 14 Galax/Hillsville, merge onto US-58 W toward Galax for 11 Miles. Turn right onto Armory Rd. When Armory turns to the left Units A & B are on the right. If you continue straight (not turn left) on the cut through to Pine Knoll Dr, Units C, D, E, F, G & H are on the left..
  • Latitude: 36.660901
  • Longitude: -80.9423
Taxes and HOA
  • Parcel Number: 52-83
  • Tax Year: 2020
School Information
  • Elementary School: Galax
  • High School: Galax
  • Middle Or Junior School: Galax
Parking
  • Parking Features: Other, Paved
Property
Lot Information
  • Lot Size Acres: 1.7
  • Lot Size Dimensions: Refer to Deed
Property and Assessments
  • Below Grade Unfinished Area: 1224.0
  • Building Area Total: 3672.0
  • Living Area: 2448.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1988
Building Features
  • Construction Materials: Masonite, Vinyl Siding
  • Foundation Details: Block
  • Roof: Metal, Shingle
Farm Information
  • Horse: No
  • Other Equipment: Satellite Dish
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Dishwasher, Refrigerator, Range, Range Hood, Electric Water Heater
  • Basement: Unfinished, Block, Full, Walk-Out Access, Partially Finished
  • Has Basement: Yes
  • Total Bathrooms: 1
  • Total Bedrooms: 16
  • Cooling: Central Air
  • Has Cooling: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Heating: Heat Pump
  • Has Heating: Yes
  • Laundry Features: In Kitchen
  • Has Spa: No
  • Water Heater: Electric
Multi Family
Multi Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Gross Income: $61,371
  • Net Operating Income: $390
Unit Information
Unit 1
  • Baths Total: 1
  • Units Total: 8

Property History for 308 Armory Road

DateEvent & SourcePriceAppreciation
Feb 15, 2022

Sold

Southwest Virginia AOR #78896

$645,000
Feb 14, 2022

Sold (Public Record)

Public Record #1484847097

$645,000
Jan 3, 2022

Pending

Southwest Virginia AOR #78896

DateEvent & SourcePrice
02/15/2022

Sold

Southwest Virginia AOR #78896

$645,000
02/14/2022

Sold (Public Record)

Public Record #1484847097

$645,000
01/03/2022

Pending

Southwest Virginia AOR #78896

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

Public Records for 308 Armory Road

Taxable ValueLand$20,000Additions$292,000Total$312,000
Tax Record2022$3,120 ($260 / month)
Home Facts
Beds4Total Finished SqFt3,028 SqFtAbove Grade Finished SqFt3,028 SqFtStories2Lot Size20,038 SqFtStyleSingle Family ResidenceZoningR2CountyGALAX CITYAPN52- 83

Schools near 308 Armory Road

This home is within Galax City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Galax Elementary School
PublicPK to 5

Galax Middle School
Public6 to 8

Galax High School
Public9 to 12

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 308 Armory Road, Galax, VA 24333
$645,000
16
8
2,448
74,052
$645,000
8,712
$235,000
4
5
3,326
15,246
14,998
$385,000
4
3,830
39,543
5
2,726
12,197

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 Coldwell Banker Townside, Bill Gearhart

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.