Active
7 beds6 baths2,788 sqft$197/sqft
765 Waterwheel Rd, Galax, VA 24333
Est: $2,842/moGet pre-approved
Multi FamilyProperty Type
3.3 acresLot Size
2004Year Built
$197/sq ftPrice per sq ft

Description

Twin Brooks Lodge offers a rare investment opportunity combining income-producing apartments, historic charm, and unique property features. Originally built to accommodate tourists as an Airbnb, the property now provides housing for five full-time tenants. The apartment building features five efficiency apartments including one handicap-accessible unit. Each apartment offers 1 bedroom, 1 bath, a living area, and an eat-in kitchen equipped with a refrigerator, microwave, hot plate, and sink. Hardwood...Twin Brooks Lodge offers a rare investment opportunity combining income-producing apartments, historic charm, and unique property features. Originally built to accommodate tourists as an Airbnb, the property now provides housing for five full-time tenants. The apartment building features five efficiency apartments including one handicap-accessible unit. Each apartment offers 1 bedroom, 1 bath, a living area, and an eat-in kitchen equipped with a refrigerator, microwave, hot plate, and sink. Hardwood floors and mini-split heating and cooling provide comfort and easy maintenance. Adding to the property's character is a historic log cabin, previously used as a rental and currently vacant. The cabin is being sold as-is. Additional historic features include a log kitchen/shelter and a grist mill, creating a truly distinctive property with potential for additional income, personal use, or continued preservation of its unique history. Residents share a spacious laundry area with plenty of room for washing, folding, and organizing. Outside, a large covered porch with a handicap-accessible ramp provides a welcoming space to gather and relax while enjoying the peaceful surroundings and the soothing sounds of two streams flowing through the property. Whether you're an investor seeking rental income, someone looking for a unique property with multiple possibilities, or simply drawn to historic character and natural beauty, Twin Brooks Lodge deserves a closer look!
Days on Market Listed Today
  • Listed by: Pamela G Montgomery 276.223.8719 pamelam.mt.sky@gmail.com Brokerage DRE #0226010665 • BHHS- Mountain Sky Properties, Wytheville
Last updated: 09/12/2026 01:48 PM • Source: Southwest Virginia AOR, MLS#: 111882

Location

Listing Courtesy of BHHS- Mountain Sky Properties, Wytheville
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$2,842 per month

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Property Information for 765 Waterwheel Road

Property Details
  • MLS Type: Residential Income / Multi Family
  • Waterfront Features: Creek
  • Zoning Description: RES
Building Information
  • Residences: 5
  • Year Built: 2004
  • Lot Size: 3.30 AC / 143,748 SF
Summary
Location and General Information
  • Carrier Route: R005
  • Directions: From Main St, Galax Turn left onto W Stuart Dr 0.2 mi Turn right onto Fries Rd 1.3 mi Turn left onto Waterwheel Rd 0.8 mi Sharp left Destination will be on the right. 230 ft 765 Waterwheel Rd Galax, VA 24333
  • Latitude: 36.674956
  • Longitude: -80.950842
Taxes and HOA
  • Parcel Number: 41-A-70A
  • Tax Lot: 70A
  • Tax Year: 2024
School Information
  • Elementary School: Fries
  • High School: Grayson County
  • Middle Or Junior School: Grayson County
Parking
  • Parking Features: Common, Paved
Property
Lot Information
  • Lot Size Acres: 3.3
Property and Assessments
  • Building Area Total: 2788.0
  • Living Area: 2788.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 2004
Building Features
  • Construction Materials: Block, Wood Siding
  • Foundation Details: Block
  • Roof: Shingle
Farm Information
  • Horse: No
  • Other Equipment: Satellite Dish
Utilities
  • Sewer: Septic Tank
  • Water Source: Well
Interior and Exterior Features
Interior Features
  • Appliances: Dryer, Microwave, Refrigerator, Washer, Electric Water Heater
  • Basement: Crawl Space, Block, Dirt Floor
  • Total Bathrooms: 2
  • Total Bedrooms: 7
  • Cooling: Ductless
  • Has Cooling: Yes
  • Heating: Ductless
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Total Fireplaces: 3
  • Fireplace Features: Gas Log
  • Flooring: Vinyl, Wood
  • Interior Features: Vaulted Ceiling(s)
  • Laundry Features: Main Level, Common Area, Laundry Room
  • Has Spa: No
  • Water Heater: Electric
  • Window Features: Insulated Windows
Multi Family
Multi Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Gross Income: $43,060
  • Net Operating Income: $16,177
Unit Information
Unit 1
  • Baths Total: 1
  • Units Total: 1
Unit 2
  • Baths Total: 1
  • Total Rent: $800.00
  • Units Total: 5

Property History for 765 Waterwheel Road

DateEvent & SourcePriceAppreciation
Sep 12, 2026

Listed (Active)

Southwest Virginia AOR #111882

$550,000
DateEvent & SourcePrice
09/12/2026

Listed (Active)

Southwest Virginia AOR #111882

$550,000

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

Schools near 765 Waterwheel Road

This home is within Grayson County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 7
Public - 9 to 12
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Fries Elementary
PublicPK to 7

Grayson County High School
Public9 to 12

Fairview Elementary School
PublicPK to 5

Independence Elementary School
PublicPK to 5

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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765 Waterwheel Road is a multi-family home for sale in Galax, VA 24333. This listing's school district is Grayson County Public Schools. Nearby schools include Fries Elementary, Grayson County High School and Fairview Elementary School. 765 Waterwheel Road is a 7-bed, 6-bath, 2,788 sqft multi-family home built in 2004.

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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of BHHS- Mountain Sky Properties, Wytheville

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.