501, 508 Piedmont ST, Blacksburg, VA 24060
New Listing
$1,299,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
117,612
Status:
Active
Current Price:
$1,299,000
List Date:
5/22/2026
Last Modified:
5/22/2026
Overview
Description
Unique Investment opportunity Downtown Blacksburg! Walking distance to VT and historic downtown Blacksburg, included 3 cottage homes, very good condition offering generous income at $48000 yearly, 2 building lots for future development of more rental properties, large .907 lot very private lot for building your home in town. Both lots would be great for building spec houses. The total contiguous acreages of 2.7 acres which exceeds the minimum 2 acres required for the NEW ORDINANCE 2053 SMALL LOT SUBDIVISION. Zoning sec 3043.
Listing Details MLS# 927806
Location, Tax & Legal
- Area
- 1000 - Montgomery County
- Street Number
- 501, 508
- Street Name
- Piedmont
- Street Suffix
- ST
- State/Province
- VA
- Zip Code
- 24060
- Subdivision
- N/A
- Municipality
- Montgomery County
- Elementary School
- Other - See Remarks
- Middle School
- Other - See Remarks
- High School
- Other - See Remarks
- Major Area
- 10 - Montgomery County
- Phase
- 0
- Lot
- No
- Block
- No
- Tax ID
- 004324
- Annual Taxes
- 1164.84
- Section
- No
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Other - See Remarks
- Construction Status
- Completed
- Year Built
- 1946
- Number of Units
- 3
- Gross Bldg SQFT
- 3500
- Total Acreage
- 2.7
- Basement Y/N
- No
- Parking Description
- Other - See Remarks
- Gross Income
- 48000
- Water Class
- N/A
- # Furnished
- 0
- # Unfurnished
- 0
- # Leased Units
- 0
Remarks & Misc
- Directions
- Clay to left on Piedmont, at the end of street
Limited Service
- Not Limited Service
- Yes
Construction
- Vinyl
- Yes
More Information
Heating
- Heat Pump Electric
- Yes
Cooling
- Heat Pump Electric
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Owner Expenses
- Other - See Remarks
- Yes
Tenant Expenses
- Other - See Remarks
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Vinyl
Heating:
Heat Pump Electric
Cooling:
Heat Pump Electric
Water Description:
Public
Sewer Description:
Public Sewer
Owner Expenses:
Other - See Remarks
Tenant Expenses:
Other - See Remarks
Listing Office:
U/C BLUE RIDGE LAND & AUCTION CO INC- C'BURG
Last Updated: May - 22 - 2026
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