An extremely rare investment opportunity in one of Blacksburg’s established residential neighborhoods! This well-maintained quadplex offers an excellent leasing history and an outstanding location convenient to downtown Blacksburg, the Huckleberry Trail and Virginia Tech. Situated on a large, nearly half-acre lot, the property offers a residential setting and more outdoor space than typically found with multifamily housing. Three units are currently occupied and offer 2BR/1BA layouts, while the unoccupied 1BR/1BA unit provides added flexibility for a new owner. The two main-level units feature hardwood floors, remodeled kitchens and bathrooms, covered front porches and additional deck space. The lower-level units are also in great condition and have been thoughtfully maintained. Each unit enjoys its own outdoor living space. A hard-to-find Blacksburg investment property that feels more like a residential home setting than a typical multifamily property.
| Mls #: | 428558 |
|---|---|
| Asking Price: | $895,000 |
| Sold Price: | $810,000 |
| Closing Date: | 10/15/2026 |
| Property Type: | Multi-Family |
| Type: | Quadruplex |
| Status: | Closed |
| Apx Fin Sq Ft: | 3412 |
| Taxes: | $5,018 |
| # Of Acres: | 0.411 |
| City: | Blacksburg |
| County: | Montgomery |
| Subdivision: | Miller Addition |
| ZIP: | 24060 |
| Area: | Blacksburg (In Town Limits) |
| Address: | 503 Milhurst Street |
| Price Per Sqft: | $237.40 |
| High School: | Blacksburg |
| School District: | Montgomery County |
| Tax Year: | 2026 |
| Levels: | Two or More |
| Elementary School: | Margaret Beeks |
| Middle School: | Blacksburg |
| Auction?: | No |
| Is The Water On?: | Yes |
| Is The Power On?: | Yes |
| Estate?: | No |
| Units: | 4 |
| Ttl # Unfurnish Unit: | 4 |
| Zoning: | Residential 4 |
| Air Conditioning: | Ductless / Mini Split, Heat Pump |
| Amenities: | Walking Trails |
| Basement: | true |
| Basement: | Finished, Full, Kitchen/Kitchenette, Laundry, Other - See Remarks, Walk Out |
| Efficiency: | Dishwasher, Ldry Facility Avail, Range/Oven, Refrigerator, Utilities Included |
| Exterior Finish: | Brick |
| Financing: | None |
| Flooring: | Ceramic Tile, Hardwood, Laminated, LVP |
| Heating: | Forced Air, Heat Pump, Ductless / Mini Split |
| Hoa: | None |
| Miscellaneous: | 1 Bedroom Units, 2 Bedroom Units, Air Conditioned, Appliances Included, Schools (Walking) |
| Owner Expense: | Cooling, Electric, Heating, Lawn Care, Real Estate Taxes, Repairs&Maintenance, Sewer, Water |
| Parking: | Off Street Parking |
| Roofing: | Metal |
| Sewer: | Public System |
| Style/Structure/Home: | Ranch |
| Tenant Expense: | Cable TV |
| Water: | Public Water |
| Water Heater: | Electric |
| Directions: | Southgate to Edgewood Dr. Right on Milhurst St. Property on right. |
Listing Courtesy of: Roots Realty Group
Listing Agent: Skip Slocum
540-392-8891
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New River Valley Association of REALTORS® data last updated on October 27, 2026 11:24 AM - ET.
Property Last Updated: October 27, 2026 11:24 AM - ET
