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
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.
More Information MLS# 927806
Contract Information
Current Price: $1,299,000
List Price: $1,299,000
List Date: 2026-05-22
Status: Active
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
Location Legal Taxes
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
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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