Turnkey six-unit multifamily investment in Blacksburg generating $113,340 in current gross annual rent. The property features five spacious 3-bedroom townhome-style units and one 1-bedroom apartment, offering an attractive mix for the Blacksburg rental market. A comprehensive 2025 renovation included new kitchen cabinetry, granite countertops, stainless steel appliances, updated showers and vanities, oversized bathroom mirrors, LED lighting, laminate flooring, five-panel interior doors, updated hardware and fixtures, fresh paint, and more. Unit F was completely renovated in 2022. With established rental income, updated interiors, and additional upside as rents move toward current market levels, this is a rare opportunity to acquire a stabilized, income-producing asset with strong fundamentals and no near-term capital needs. Great location for VT students and close to the BT bus line. These opportunities normally trade off-market, so these are scarce.
| Mls #: | 428793 |
|---|---|
| Asking Price: | $1,695,000 |
| Property Type: | Multi-Family |
| Type: | Apartment Building |
| Status: | Active |
| Apx Fin Sq Ft: | 6048 |
| Taxes: | $3,477 |
| # Of Acres: | 0.36 |
| City: | Blacksburg |
| County: | Montgomery |
| ZIP: | 24060 |
| Area: | Blacksburg (In Town Limits) |
| Address: | 105 TEE Street |
| Price Per Sqft: | $280.26 |
| High School: | Blacksburg |
| School District: | Montgomery County |
| Tax Year: | 2026 |
| Levels: | Two or More |
| Elementary School: | Harding Av |
| Middle School: | Blacksburg |
| Auction?: | No |
| Is The Water On?: | Yes |
| Is The Power On?: | Yes |
| Estate?: | No |
| Units: | 6 |
| Zoning: | Residential 5 |
| Air Conditioning: | Central Electric |
| Basement: | false |
| Basement: | None |
| Exterior Finish: | Vinyl |
| Flooring: | LVP |
| Heating: | Heat Pump |
| Hoa: | None |
| Parking: | Off Street Parking |
| Roofing: | Shingle |
| Sewer: | Public System |
| Style/Structure/Home: | Townhouse |
| Directions: | From North Main Street, turn onto Patrick Henry Drive. Turn left onto Giles Road, then left onto Tee Street. The property will be on the left at 105 Tee Street. |
Listing Courtesy of: RE/MAX 8 - Blacksburg
Listing Agent: Brian McHone
540-239-5901
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New River Valley Association of REALTORS® data last updated on October 08, 2026 06:21 PM - ET.
Property Last Updated: October 08, 2026 06:21 PM - ET
