Calling All Investors. This Six Unit Apartment Building is Near VT, Downtown Blacksburg, US 460, Parks, Walking/Bike Trails, Shopping, and Local Restaurants! Location, Structure, Large Majestic Trees feel like you are in a Park Like Setting. This Investment Opportunity is Fully Leased through 2023. Current Rental Rates to May 2022 are $54,105.00 and rent rates through 2023 will be $55,308.00. This is a Considerable Economic Opportunity. 24 Hours Notice is Required during specified hours of 10am-5:30pm. Schedule YOUR Tour today!
Six unit apartment building in quiet neighborhood and an attractive park like lot in Blacksburg. Solid rental history and income production. All apartments are 2 Bedroom and 1 bathroom. Separate electric meters with water and sewer paid by the owner. Hardwood floors or hardwood under the carpet in the middle and upper level units. Tile and bamboo flooring in lower level units. Electric ceiling heat in all units. Roof if 12 years old. Gross income in 2018 was $49,675.00. This is a very attractive location and opportunity to own an investment property in Blacksburg.
Public Records
Aug 4, 2010
Sold
$365,000
$66/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$6,399 (+6.6%)
$118,800 + $671,200
$790,000
2025
$6,004 (+1.3%)
$118,800 + $671,200
$790,000
2024
$5,925 (+7.1%)
$118,800 + $671,200
$790,000
2023
$5,530 (+57.3%)
$118,800 + $671,200
$790,000
2022
$3,516
$67,900 + $327,100
$395,000
2021
$3,516
$67,900 + $327,100
$395,000
2020
$3,516
$67,900 + $327,100
$395,000
2019
$3,516 (+8.2%)
$67,900 + $327,100
$395,000
2018
$3,249
2017
$3,248 (+16.7%)
2014
$2,783
$60,000 + $252,800
$312,800
Tax history for 1908 Shadow Lake Rd
Year
Property tax
Land + Additions
Assessment*
2026
$6,399 (+6.6%)
$118,800 + $671,200
$790,000
2025
$6,004 (+1.3%)
$118,800 + $671,200
$790,000
2024
$5,925 (+7.1%)
$118,800 + $671,200
$790,000
2023
$5,530 (+57.3%)
$118,800 + $671,200
$790,000
2022
$3,516
$67,900 + $327,100
$395,000
2021
$3,516
$67,900 + $327,100
$395,000
2020
$3,516
$67,900 + $327,100
$395,000
2019
$3,516 (+8.2%)
$67,900 + $327,100
$395,000
2018
$3,249
2017
$3,248 (+16.7%)
2014
$2,783
$60,000 + $252,800
$312,800
*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
0.68 Acres
Year renovated
—
Sq. Ft.
—
Year built
1970
Style
Other
County
Montgomery County
APN
090701
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 21, 2026.
RR-1
FP
Rural Residential 1 District
The purpose of the Rural Residential district is to provide for residential development at a scale intended to conserve the rural character of the district. Development within the Rural Residential district is intended to promote the following goals and objectives. Development proposals shall be evaluated for their adherence to these goals: Conservation of agricultural and forestal lands including farm fields and pastures.; Conservation of natural resources including wetlands floodplains natural drainage ways aquifer recharge areas existing tree cover steep slopes ridge lines hilltops, wildlife habitats deer wintering areas stream valleys locations comprising scenic views or scenic view corridors and other outstanding natural topography.; Conservation of a unified open space area.; Creation of residential developments on a traditional rural scale with small villages surrounded by agricultural forestal or open space lands.; Flexibility and creativity in the design of residential subdivisions with less suburban-style sprawl and less consumption of open land.; These measures will prevent soil erosion by permitting development according to the nature of the terrain, provide larger open areas with greater utility for rest and recreation and encourage the development of more attractive and economic site design. They will create a convenient attractive and harmonious community and facilitate the provision of parks forests playgrounds and other recreational facilities. These goals are intended to preserve existing agricultural forestal and other lands of significance for the protection of the natural environment.
Zone overlays
Floodplain
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Community / recreation center
Housing-Single unit
Housing-Multiple units
Infrastructure
Recreation
Kennel
Park & open space
Property details
Parking
Parking/Garage Information
Parking Features: Off Street
Interior
Heating & Cooling
Has Cooling
Cooling: Window Unit(s)
Has Heating
Heating: Baseboard, Electric
Interior Features
Appliances: Electric Water Heater
Flooring: Carpet, Ceramic Tile, Vinyl
Room Information
Has Basement
Basement Details: Finished
Exterior
Exterior Features
Roof: Shingle
Building Information
Construction Materials: Brick
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Apartment Building
Lot Information
Lot Size Acres: 0.679
Financial
Tax Information
Tax Annual Amount: $4,542.50
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
School District: Montgomery County
Elementary School: Other
Middle Or Junior School: Blacksburg
High School: Blacksburg
Location Information
Directions: Price Fork University City Blvd, Left on Glade Rd, Right on Shadow Lake Rd, property on right.
Subdivision Name: Other
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.68 acres
Style: Other
Year Built: 1970
Year Renovated: —
County: Montgomery County
APN: 090701
Home facts updated by county records on Jul 20, 2026
Around this home
Schools
Kipps Elementary School
Public K-5 • Assigned • 1.7mi
10/10
Blacksburg Middle School
Public 6-8 • Assigned • 1.9mi
8/10
Blacksburg High School
Public 9-12 • Assigned • 2.1mi
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
0.15% chance of being in a wildfire in next 30 years
3/10 Heat Factor
6 days above 94° expected this year, 16 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)
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45
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38
44
28
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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
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