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Sold for $750,000 on 03/10/25
  • $750,000

    1849 Merrimac Rd APT 4, Blacksburg, VA 24060

    --beds
    --baths
    3,168sqft
    Apartment
    Built in ----
    -- sqft lot
    $647,600 Zestimate®
    $237/sqft
    $1,684 Estimated rent

    Home value

    $647,600

    $570,000 - $725,000

    $1,684/mo

    Zestimate® history
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    $4,314/mo

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    What's special

    Exceptional Investment Opportunity – 4-Unit Apartment + Single-Family Home! This rare duo of income-producing properties is the perfect addition to any investor’s portfolio! Featuring a well-maintained 4-unit apartment building and a charming single-family home. This package delivers **outstanding cash flow** and incredible value. Five total units with strong and steady rental income– all units are fully occupied, generating excellent returns. Both properties have been well cared for and are ready to go. The house has a new HVAC system, both up and downstairs. Tenant appeal-located in a desirable area offering a peaceful setting and convenience to downtown Blacksburg and VT. Future potential– opportunity for rental increases or further development. Whether you want to maximize your cash flow or expand your portfolio, this combination of properties checks all the boxes. Don’t miss this chance to own a stable, high-performing investment property! Annual gross rents -$73,980

    Zillow last checked: 8 hours ago

    Listing updated: March 11, 2025 at 03:22pm

    Listed by:

    Brian McHone 540-239-5901,

    RE/MAX 8 - Blacksburg

    Bought with:

    Joe Racek, 0225214636

    MR Real Estate

    Source: New River Valley AOR,MLS#: 422939MLS Logo

    Facts & features

    Interior

    Cooling
    • Heat Pump
    Appliances
    • Included: Electric Water Heater
    Features
    • Basement: Concrete,Exterior Entry,Walk-Out Access
    Interior area
    • Total structure area: 4,368
    • Total interior livable area: 3,168 sqft

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: Two or More
    • Stories: 2
    Lot
    • Size: 1.19 Acres
    Details
    • Parcel number: 012019
    • Zoning description: Agricultural

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Cape Cod
    • Property subtype: Apartment
    Materials
    • Roof: Metal,Shingle

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & neighborhood

    Location
    • Region: Blacksburg
    • Subdivision: None

    HOA & financial

    HOA
    • Has HOA: No

    Price history

    DateEventPrice
    3/10/2025Sold$750,000-16.6%$237/sqft
    Source: New River Valley AOR #422939
    2/5/2025Pending sale$899,000$284/sqft
    Source: New River Valley AOR #422939
    1/10/2025Listed for sale$899,000+79.8%$284/sqft
    Source: New River Valley AOR #422939
    3/24/2021Listing removed--
    Source: Owner
    8/1/2019Listing removed$1,800$1/sqft
    Source: Owner

    Public tax history

    YearProperty taxesTax assessment
    2025$2,677 +1.3%$352,300
    2024$2,642 +7.1%$352,300
    2023$2,466 +12.8%$352,300 +43.4%

    Find assessor info on the county website

    Neighborhood: Hethwood

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Kipps
    • Middle: Blacksburg
    • High: Blacksburg
    • District: Montgomery County

    Source: New River Valley AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
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    $647,600
    2% more+ $12,952
    With Zillow Showcase(estimated)
    $660,552