Investment Opportunity! Twelve fully rented units just outside of the Town of Chilhowie. These units consists of two, six unit buildings. One unit is located at 137 Riley Dr. and the other is located at 302 Apple Valley Road. These units are each 2 bedrooms and 1.5 bathrooms. They have been well maintained and feature newer metal roofs and some updated heat pumps. The rents are currently at $375 per month but have not seen a substantial increase in many years. Tenants pay for their own utilities.
Multi-familyProperty Type
1991Year Built
1.03 acresLot Size
$49Price/Sq.Ft.
Listed by Bryan Godwin• Godwin Realty LLC
Contact: 2764771800
Bought with Non Member Non Member• Non Member Office
There isn’t enough information to generate an accurate estimate at this time. Learn More
Market trends in 24319, VA
Last updated September 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-List Price
97.5%
+0.3% MoM
Median sale price
$220K
$21K MoM
Avg. days on market
90d
0 days MoM
Recently sold homes
13
1 MoM
Provided by Redfin
Sale history for 137 Riley Dr
Date
Event
Price
SWVAR #82579
Sep 1, 2022
Sold
$515,000
$49/sq ft
May 6, 2022
Listed
$549,900
$53/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,329
$30,000 + $364,800
$394,800
2024
$2,329 (+32.4%)
$30,000 + $364,800
$394,800
2023
$1,760
$30,000 + $364,800
$394,800
2022
$1,760
$30,000 + $207,800
$237,800
2021
$1,760
$30,000 + $207,800
$237,800
2020
$1,760
$30,000 + $207,800
$237,800
2019
$1,760
$30,000 + $207,800
$237,800
2018
$1,760
$30,000 + $207,800
$237,800
2017
$1,760
$30,000 + $207,800
$237,800
2016
$1,759
$30,000 + $207,800
$237,800
2015
$1,759
$30,000 + $207,800
$237,800
2014
$1,759
$30,000 + $207,800
$237,800
Tax history for 137 Riley Dr
Year
Property tax
Land + Additions
Assessment*
2025
$2,329
$30,000 + $364,800
$394,800
2024
$2,329 (+32.4%)
$30,000 + $364,800
$394,800
2023
$1,760
$30,000 + $364,800
$394,800
2022
$1,760
$30,000 + $207,800
$237,800
2021
$1,760
$30,000 + $207,800
$237,800
2020
$1,760
$30,000 + $207,800
$237,800
2019
$1,760
$30,000 + $207,800
$237,800
2018
$1,760
$30,000 + $207,800
$237,800
2017
$1,760
$30,000 + $207,800
$237,800
2016
$1,759
$30,000 + $207,800
$237,800
2015
$1,759
$30,000 + $207,800
$237,800
2014
$1,759
$30,000 + $207,800
$237,800
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
12
Baths
6
Stories
2
Lot width
—
Lot depth
—
Lot size
0.71 Acres
Year renovated
2005
Sq. Ft.
5,280
Year built
1991
Style
Multi-Family (5+ Unit)
County
Smyth County
APN
54A 6 10B
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
Property details
Parking
Parking/Garage Information
Parking Features: None
Interior
Virtual Tour
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Central, Heat Pump
Interior Features
Window Features: Insulated Windows
Appliances: Refrigerator, Range, Electric Water Heater
Flooring: Carpet
Room Information
Laundry Features: Main Level
Basement Details: Crawl Space
Unit Type 1 Information
# of Bathrooms: 1
Total Rent: $375
# of Units: 12
Exterior
Exterior Features
Roof: Metal
Building Information
Construction Materials: Brick, Vinyl Siding, Stone Veneer
Property Features
Has View
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Apartment House
Lot Information
Lot Size Acres: 1.03
Zoning Description: R
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School: Chilhowie
Middle Or Junior School: Chilhowie
High School: Chilhowie
Location Information
Directions: From I-81 N take exit 35. Turn left onto Whitetop Road. Turn right onto Lee Highway. Turn left onto Apple Valley Road. Turn left onto Riley Dr. The unit is the unit in the middle.
Subdivision Name: N/A
Public facts
Beds: 12
Baths: 6.0
Sq. Ft.: 5,280
Stories: 2.0
Lot Size: 0.71 acres
Style: Multi-Family (5+ Unit)
Year Built: 1991
Year Renovated: 2005
County: Smyth County
APN: 54A 6 10B
Home facts updated by county records on Sep 21, 2026
Other
Listing Information
AttributionContact: 2764771800
Around this home
Schools
Chilhowie Elementary School
Public PreK-5 • Assigned • 0.6mi
9/10
Chilhowie Middle School
Public 6-8 • Assigned • 1.0mi
8/10
Chilhowie High School
Public 9-12 • Assigned • 1.0mi
9/10
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
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
8 days above 94° expected this year, 24 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
Chilhowie, VA • 24319
Average low and high temperatures (°F)
39
21
48
29
63
38
71
47
71
51
81
60
84
66
78
60
76
54
68
43
57
37
47
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 4.5 hours in December, placing it below the
U.S. average for solar exposure.