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For sale
  • $550,000

    765 Water Wheel Rd, Galax, VA 24333

    --beds
    --baths
    2,788sqft
    : 
    $3,607/mo
    Get pre-qualified
    Apartment
    Built in ----
    -- sqft lot
    $535,400 Zestimate®
    $197/sqft
    $-- HOA

    What's special

    Grist millPeaceful settingHandicap-accessible unitMini-split heating and coolingHardwood floors
    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 2 bedroom historic log cabin, previously used as a rental and currently vacant add more income producing potential. The cabin is being sold as-is. Additional historic features include a log kitchen/shelter and a grist mill. Enjoy the peaceful setting and soothing sounds of two streams flowing through the property. A truly unique investment property.
    9 days
    229
    6

    Zillow last checked:

    Listing updated:

    Listed by:

    Pamela Montgomery 276-223-8719,

    Berkshire Hathaway Home Services Mountain Sky Properties-Wythev 276-228-8882

    Source: New River Valley AOR,MLS#: 428661MLS Logo

      Facts & features

      Interior

      Heating
      • Baseboard-Electric
      Cooling
      • Electric, Air Conditioned
      Appliances
      • Included: Refrigerator, Electric Water Heater, Appliances Included
      • Laundry: Ldry Facility Avail
      Features
      • Bath
      • Flooring: Hardwood, Vinyl
      • Basement: Crawl Space,None
      Interior area
      • Total structure area: 2,788
      • Total interior livable area: 2,788 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Off Street, One Car/Unit
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 3.3 Acres
      Details
      • Parcel number: 41A70A

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Contemporary,Ranch
      • Property subtype: Apartment
      Materials
      • Block, Other - See Remarks
      • Roof: Shingle

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Galax

      Financial & listing details

      • Price per square foot: $197/sqft
      • Tax assessed value: $176,300
      • Annual tax amount: $952
      • Date on market: 9/12/2026
      • Cumulative days on market: 9 days

        Estimated market value

        $535,400

        $503,000 - $562,000

        $1,372/mo

        Price history

        DateEventPrice
        9/12/2026Listed for sale$550,000$197/sqft
        Source: New River Valley AOR #428661 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,023 +7.4%$176,300
        2024$952 $176,300
        2023$952 $176,300
        2022$952 -3%$176,300 +5.9%
        2021$982 $166,400
        2020-- $166,400
        2018-- $166,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 24333

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Fries
        • Middle: Grayson Highlands
        • High: Grayson Highlands
        • District: Grayson 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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