31157 Princeton Ave, Unit 3

Glade Spring, VA 24340

$525,000
Price
4
Beds
1,988 Sq. Ft.
$264 / Sq. Ft.
1,988
Sq. Ft.
$264
per Sq. Ft.
New
New
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Description

Rare investment opportunity beside of Emory and Henry University, a small prestigious, private school in the beautiful mountains of Southwest Virginia. This former E & H home has been newly remodeled into a four unit apartment building with laundry center. The Wasp Nest is designed for Professional and/or Emory Students to enjoy quiet, peaceful living. Rent on each unit includes electric, internet, water, sewer, and mowing. Walk to class, the post office, medical office, restaurant, and all the University...Rare investment opportunity beside of Emory and Henry University, a small prestigious, private school in the beautiful mountains of Southwest Virginia. This former E & H home has been newly remodeled into a four unit apartment building with laundry center. The Wasp Nest is designed for Professional and/or Emory Students to enjoy quiet, peaceful living. Rent on each unit includes electric, internet, water, sewer, and mowing. Walk to class, the post office, medical office, restaurant, and all the University has to offer with its many athletic and academic functions. This property has almost half an acre with a large parking area for tenants. Each apartment is thoughtfully designed with kitchen/lr combo, bedroom and bathroom. A mini split is in each unit for comfort year round. This apartment unit is minutes away from I-81, Historic Abingdon, Bristol, The Virginia Creeper Trail, and Appalachian Trail.
  1. Listed by Robin Bise • Robin's Nest Realty, LLC

Property Details for 31157 Princeton Avenue, Unit 3

Architectural Style
Traditional
Zoning
VIllage
LISTING UPDATED: 02/10/2026 02:27 PM

Property Details for 31157 Princeton Avenue, Unit 3

StatusActive
MLS #9991031
Days on Market1
Taxes$885 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Multi Family
Year Built1970
Lot Size0.47 AC / 20,473 SF
CountyWashington County

Location

Listing Courtesy of Robin's Nest Realty, LLC, Robin Bise
Add your commute

Building Information for 31157 Princeton Avenue, Unit 3

Stories2Residences4Year Built1970Building Size-Lot Size0.47 AC / 20,473 SF

Payment Calculator

$2,633 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,559

Property Taxes

$74

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 31157 Princeton Avenue, Unit 3

Summary
Location and General Information
  • City: Meadowview
  • County: Washington
  • Directions: Interstate 81 North to exit 26; Left off ramp; Go approximately 1.2 miles; Left on Princeton Avenue; First house on the left.
  • Latitude: 36.78
  • Longitude: -81.83
  • Postal Code: 24361
  • State Or Province: VA
  • Topography: Rolling Slope, Level, Cleared
  • General Property Description : Zoning: VIllage
Taxes and HOA Information
  • Association: No
  • Parcel Number: 068a2 4 2 3
  • Association Fee: 0.0
  • Location Tax Legal Info : Deed Book: 250003273
  • Location Tax Legal Info : Deed Page: 250003273
  • Location Tax Legal Info : City Taxes: $.00
  • Location Tax Legal Info : County Taxes: $884.94
  • Location Tax Legal Info : Block: 2
School Information
  • High School: Patrick Henry
  • Middle Or Junior School: Glade Spring
  • Elementary School: Meadowview
Parking
  • Attached Garage: Yes
Property
Lot Information
  • Lot Size Dimensions: 89x200x115x202
  • Lot Size Square Feet: 20,473.20
  • Lot Size Acres: 0.47
  • Lot Size Area: .47
  • Lot Size Units: Acres
  • Building Area Total: 1,988.00
  • General Property Description : Acres: .47
Property and Assessments
  • Property Condition: Above Average, Updated/Remodeled
  • Property Type: Multi Family
  • Year Built: 1970
  • Property Sub Type: Multi Family
  • Property Type Label: Multi Family
  • New Construction: No
  • Existing Finance : Conventional: Yes
Utilities
  • Utilities: Electricity Connected, Sewer Connected, Water Connected, Cable Connected
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • # Fireplaces: 1
  • Cooling: See Remarks
  • Fireplace Features: Brick, Living Room
  • Foundation Details: Block
  • Interior Features: Remodeled
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Bathrooms Total Decimal: .00
  • Basement: Block
  • Flooring: Laminate
  • Bathrooms Total Integer: 0
  • Bathrooms Total Notational: .00
  • Levels: Two
  • Stories: 2
  • General Property Description : Stories: 2
  • Fireplace: Yes
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Fireplace : Living Room: Yes
Exterior Features
  • Construction Materials: Brick, T111
  • Parking Features: Attached, Gravel
  • Patio And Porch Features: Deck
  • Roof: Metal
  • Window Features: Insulated Windows
  • Heating : Heat Pump: See Remarks
  • Senior Community: No
  • Walls : Drywall: Yes
  • Exterior Finish : Brick: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • General Property Description : # of Units: 4.00
  • General Property Description : Total Units: 4.00
Income & Expenses Information
  • Income and Expenses : Gross Annual Income: 56400
  • Operating Expense Includes: Cable TV, Electric, Lawn Maint, Repairs and Maint, Taxes Real Estate, Waste, Water/Sewer
Unit 1
  • Unit 1 : # Units: 4
  • Unit 1 : # Bathrooms: 1.0
  • Unit 1 : # Bedrooms: 1
  • Unit 1 : # Rooms: 3
  • Unit 1 : SqFt: 489
  • Unit 1 : Monthly Rent: 1200
Unit 2
  • Unit 2 : # Units: 1
  • Unit 2 : # Rooms: 3
  • Unit 2 : # Bedrooms: 1
  • Unit 2 : # Bathrooms: 1.00
  • Unit 2 : SqFt: 671
  • Unit 2 : Monthly Rent: 1300
Unit 3
  • Unit 3 : # Units: 1
  • Unit 3 : # Rooms: 3
  • Unit 3 : # Bedrooms: 1
  • Unit 3 : # Bathrooms: 1.0
  • Unit 3 : SqFt: 671
  • Unit 3 : Monthly Rent: 1100
Unit 4
  • Unit 4 : # Units: 1
  • Unit 4 : # Rooms: 3
  • Unit 4 : # Bedrooms: 1
  • Unit 4 : # Bathrooms: 1.0
  • Unit 4 : SqFt: 443
  • Unit 4 : Monthly Rent: 1100

Property History for 31157 Princeton Avenue, Unit 3

DateEvent & SourcePriceAppreciation
Feb 10, 2026

Listed (Active)

Tennessee Virginia Regional MLS #9991031

$525,000—
DateEvent & SourcePrice
02/10/2026

Listed (Active)

Tennessee Virginia Regional MLS #9991031

$525,000

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

Schools near 31157 Princeton Avenue, Unit 3

This home is within Washington County Public Schools.
Rating
School
Type
Grades
Distance
Meadowview Elementary School
Public - PK to 5
Glade Spring Middle School
Public - 6 to 8
Patrick Henry High School
Public - 9 to 12
Rating
School
Distance
Meadowview Elementary School
PublicPK to 5

Glade Spring Middle School
Public6 to 8

Patrick Henry 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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More information about 31157 Princeton Avenue, Unit 3, Glade Spring, VA 24340

31157 Princeton Avenue, Unit 3 is a multi-family home for sale in Glade Spring, VA 24340. This property was listed for sale on February 10, 2026 by Robin's Nest Realty, LLC, it's currently listed at $525,000. This listing's school district is Washington County Public Schools. Nearby schools include Meadowview Elementary School, Glade Spring Middle School and Patrick Henry High School. 31157 Princeton Avenue, Unit 3 is a 4-bed, 0-bath, 1,988 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Robin's Nest Realty, LLC, Robin Bise

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.