OFF MARKET

Off Market Mar 2025 for $750K

$745,550

Est. refi paymentEst. refi $3,182/mo

—

•

— ba

•

3,168

sq ft

1849 Merrimac Rd, Blacksburg, VA 24060

About this home

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

Multi-familyProperty Type

1.19 acresLot Size

$235Est. Price/Sq.Ft.

Listed by Brian McHone • RE/MAX 8 - Blacksburg

Bought with Joe Racek • MR Real Estate

Redfin checked: a minute ago

•Source:NRVMLS #422939

Redfin Estimate

$745,550

$4,450 since sold in March 2025$22K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 25% higher than the average sale price ($597K) of 5 comparable homes.

SOLD JUL 10, 2026
$589,000
A
4 beds3 baths2,765 sq ft
1509 Lark Ln, Blacksburg, VA 24060
SOLD JUL 31, 2026
$480,000
B
4 beds3 baths2,428 sq ft
1308 Greendale Dr, Blacksburg, VA 24060
SOLD JUN 4, 2026
$652,000
C
4 beds3 baths2,868 sq ft
2705 Mt Vernon Ln, Blacksburg, VA 24060
SOLD JUN 30, 2026
$710,000
D
4 beds3 baths3,306 sq ft
2306 Scenic Ridge Cir, Blacksburg, VA 24060
SOLD AUG 6, 2026
$552,000
E
4 beds3 baths2,216 sq ft
2803 Mt Vernon Ln, Blacksburg, VA 24060

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in 24060, VA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.9%

0.3% MoM

Median sale price

$491K

$36K MoM

Avg. days on market

19d

2 days MoM

Recently sold homes

131

0 MoM

New listings for sale

$439,900
3 beds3.5 baths1,982 sq ft
3014 Deptford St, Blacksburg, VA 24060
$409,900
4 beds2 baths2,024 sq ft
707 Harding Ave, Blacksburg, VA 24060
3D WALKTHROUGH
$698,900
4 beds2.5 baths2,852 sq ft
3026 Natalies Way, Blacksburg, VA 24060
$495,000
4 beds2 baths2,099 sq ft
1818 St Andrews Cir, Blacksburg, VA 24060
$895,000
— beds— baths3,412 sq ft
503 Milhurst St, Blacksburg, VA 24060
$500,000
3 beds2 baths2,122 sq ft
305 Cork Dr, Blacksburg, VA 24060
$425,000
3 beds3.5 baths1,744 sq ft
209 Heights Ln #209, Blacksburg, VA 24060
$790,000
4 beds3.5 baths3,697 sq ft
2025 Plank Dr, Blacksburg, VA 24060
$355,000
4 beds3.5 baths1,980 sq ft
104 Canterbury Ct, Blacksburg, VA 24060
$264,900
3 beds2 baths885 sq ft
821 Cascade Ct #821, Blacksburg, VA 24060
See all

Provided by Redfin

Sale history for 1849 Merrimac Rd

Date

Event

Price

NRVMLS #422939

Mar 10, 2025

Sold

$750,000

$237/sq ft

Feb 5, 2025

Pending

—

Jan 10, 2025

Listed

$899,000

$284/sq ft

NRVMLS #405465

Nov 25, 2021

Sold

$500,000

$158/sq ft

Feb 26, 2019

Listed

$500,000

$158/sq ft

+30

Sold as is. Two buildings on one tax parcel. Cape Cod is a 4 bed, 2 bath with basement. Oil heat, no AC, each bedroom rents at $300 per month. 2 story has 4 units with unfin. basement. Unit B has 2 bed and 1 bath. Unit C has 1 bed and 1 bath. Unit D has 3 bed and 1 bath. Unit E has 2 bed and 1 bath. Some units have mini split and others just electric baseboard. New deck 2017. New metal roof on 2 story.

Public Records

Feb 26, 2019

Sold

$500,000

$158/sq ft

Public Records

Jul 12, 2002

Sold

$200,000

$63/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$2,854 (+6.6%)

$38,800 + $313,500

$352,300

2025

$2,677 (+1.3%)

$38,800 + $313,500

$352,300

2024

$2,642 (+7.1%)

$38,800 + $313,500

$352,300

2023

$2,466 (+12.8%)

$38,800 + $313,500

$352,300

2022

$2,187

$31,100 + $214,600

$245,700

2021

$2,187 (−30.2%)

$31,100 + $214,600

$245,700

2020

$3,134 (+2.8%)

$38,300 + $313,800

$352,100

2019

$3,049 (+5.1%)

$38,300 + $304,300

$342,600

2018

$2,902

2017

$2,902 (+2.7%)

2014

$2,827

$43,300 + $274,400

$317,700

Tax history for 1849 Merrimac Rd

Year

Property tax

Land + Additions

Assessment*

2026

$2,854 (+6.6%)

$38,800 + $313,500

$352,300

2025

$2,677 (+1.3%)

$38,800 + $313,500

$352,300

2024

$2,642 (+7.1%)

$38,800 + $313,500

$352,300

2023

$2,466 (+12.8%)

$38,800 + $313,500

$352,300

2022

$2,187

$31,100 + $214,600

$245,700

2021

$2,187 (−30.2%)

$31,100 + $214,600

$245,700

2020

$3,134 (+2.8%)

$38,300 + $313,800

$352,100

2019

$3,049 (+5.1%)

$38,300 + $304,300

$342,600

2018

$2,902

2017

$2,902 (+2.7%)

2014

$2,827

$43,300 + $274,400

$317,700

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

1.19 Acres

Year renovated

1975

Sq. Ft.

3,168

Year built

1971

Style

Other

County

Montgomery County

APN

012019

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 21, 2026.

Agricultural District

The A-1 Agricultural District is intended to preserve and enhance the rural, low density character and natural resources of the rural portions of the county where agriculture, forest and open space uses predominate, as well as to accommodate limited amounts of low density residential development that is generally not served by public water or wastewater systems.; This district is generally intended to apply to lands designated in the comprehensive plan as rural or resource stewardship areas. Land in this district is generally not intended to be served with public water or wastewater or to be in proximity to other public services.

Zone overlays

Floodplain

Permitted uses

Include but are not limited to:

Agriculture
Religious facility
Housing-Single unit
Infrastructure
Bed & breakfast
Educational/school
Fire house
Police station
Communications tower
Veterinary clinic

Property details

Parking

Parking/Garage Information
Parking Features: Off Street

Interior

Heating & Cooling
Has Heating
Heating: Heat Pump

Interior Features
Appliances: Electric Water Heater

Room Information
Has Basement
Basement Details: Concrete, Walk-Out Access

Exterior

Exterior Features
Roof: Metal, Shingle

Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Apartment Building

Lot Information
Lot Size Acres: 1.193
Zoning Description: Agricultural

Financial

Tax Information
Tax Annual Amount: $2,642.25

Utilities

Utility Information
Water Source: Public
Sewer: Septic Tank

Location

Schools Information
School District: Montgomery County
Elementary School: Kipps
Middle Or Junior School: Blacksburg
High School: Blacksburg

Location Information
Directions: Prices Fork to left on Merrimac. Go 1.4 miles, located on the right. There is NO sign.
Subdivision Name: None

Public facts

Beds: 6
Baths: 4.0
Sq. Ft.: 3,168
Stories: 2.0
Lot Size: 1.19 acres
Style: Other
Year Built: 1971
Year Renovated: 1975
County: Montgomery County
APN: 012019

Home facts updated by county records on Jul 20, 2026

Around this home

Schools

Prices Fork Elementary School

Public PreK-5 • Assigned • 1.9mi

5/10

Blacksburg Middle School

Public 6-8 • Assigned • 0.9mi

8/10

Blacksburg High School

Public 9-12 • Assigned • 0.6mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.31% chance of being in a wildfire in next 30 years

3/10 Heat Factor

7 days above 94° expected this year, 17 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Blacksburg, VA • 24060

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Estimated sale price

$709,000 – $858,000

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Nearby similar homes

$249,000

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New listings for sale in 24060

$439,900

3 beds3.5 baths1,982 sq ft

3014 Deptford St, Blacksburg, VA 24060

$409,900

4 beds2 baths2,024 sq ft

707 Harding Ave, Blacksburg, VA 24060

3D WALKTHROUGH

$698,900

4 beds2.5 baths2,852 sq ft

3026 Natalies Way, Blacksburg, VA 24060

$495,000

4 beds2 baths2,099 sq ft

1818 St Andrews Cir, Blacksburg, VA 24060

$895,000

— beds— baths3,412 sq ft

503 Milhurst St, Blacksburg, VA 24060

$500,000

3 beds2 baths2,122 sq ft

305 Cork Dr, Blacksburg, VA 24060

$425,000

3 beds3.5 baths1,744 sq ft

209 Heights Ln #209, Blacksburg, VA 24060

$790,000

4 beds3.5 baths3,697 sq ft

2025 Plank Dr, Blacksburg, VA 24060

$355,000

4 beds3.5 baths1,980 sq ft

104 Canterbury Ct, Blacksburg, VA 24060

Home values near 1849 Merrimac Rd

Data from public records.

Address	Redfin Estimate
1873 Merrimac Road, Blacksburg, VA 1 Beds \| 1 Baths \| 840 Sq. Ft.	$191,244
1855 Merrimac Road, Blacksburg, VA 2 Beds \| 2 Baths \| 1440 Sq. Ft.	$382,182

Address	Redfin Estimate
1815 Merrimac Road, Blacksburg, VA 3 Beds \| 2 Baths \| 1304 Sq. Ft.	$319,397
6108 Albemarle Lane, Blacksburg, VA 4 Beds \| 3.5 Baths \| 3277 Sq. Ft.	$726,660

Address	Redfin Estimate
1835 Merrimac Road, Blacksburg, VA 4 Beds \| 1 Baths \| 1500 Sq. Ft.	$331,908
6111 Albemarle Lane, Blacksburg, VA 4 Beds \| 3 Baths \| 3335 Sq. Ft.	$690,503

Property information provided by NRVMLS when last listed in 2025. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 24060, VA

Sale history for 1849 Merrimac Rd

Tax history for 1849 Merrimac Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 24060

Home values near 1849 Merrimac Rd

More real estate resources