Twin Brooks Lodge offers a rare investment opportunity combining income-producing apartments, historic charm, and unique property features. Originally built to accommodate tourists as an Airbnb, the property now provides housing for five full-time tenants. The apartment building features five efficiency apartments, including one handicap-accessible unit. Each apartment offers 1 bedroom, 1 bath, a living area, and an eat-in kitchen equipped with a refrigerator, microwave, hot plate, and sink. Hardwood floors and mini-split heating and cooling provide comfort and easy maintenance. Adding to the property's character is a 2 bedroom historic log cabin, previously used as a rental and currently vacant add more income producing potential. The cabin is being sold as-is. Additional historic features include a log kitchen/shelter and a grist mill. Enjoy the peaceful setting and soothing sounds of two streams flowing through the property. A truly unique investment property.
Multi-familyProperty Type
3.3 acresLot Size
$197Price/Sq.Ft.
Listed by Pamela Montgomery• Berkshire Hathaway Home Services Mountain Sky Properties-Wythev
Twin Brooks Lodge offers a rare investment opportunity combining income-producing apartments, historic charm, and unique property features. Originally built to accommodate tourists as an Airbnb, the property now provides housing for five full-time tenants. The apartment building features five efficiency apartments including one handicap-accessible unit. Each apartment offers 1 bedroom, 1 bath, a living area, and an eat-in kitchen equipped with a refrigerator, microwave, hot plate, and sink. Hardwood floors and mini-split heating and cooling provide comfort and easy maintenance. Adding to the property's character is a historic log cabin, previously used as a rental and currently vacant. The cabin is being sold as-is. Additional historic features include a log kitchen/shelter and a grist mill, creating a truly distinctive property with potential for additional income, personal use, or continued preservation of its unique history. Residents share a spacious laundry area with plenty of room for washing, folding, and organizing. Outside, a large covered porch with a handicap-accessible ramp provides a welcoming space to gather and relax while enjoying the peaceful surroundings and the soothing sounds of two streams flowing through the property. Whether you're an investor seeking rental income, someone looking for a unique property with multiple possibilities, or simply drawn to historic character and natural beauty, Twin Brooks Lodge deserves a closer look!
NRVMLS #428661
Sep 12, 2026
Listed
$550,000
$197/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$705 (−25.9%)
$33,700 + $142,600
$176,300
2024
$952 (−18.5%)
$33,700 + $142,600
$176,300
2023
$1,168
$33,700 + $142,600
$176,300
2022
$1,168 (−2.5%)
$33,700 + $142,600
$176,300
2021
$1,198 (+1.4%)
$33,700 + $132,700
$166,400
2020
$1,181 (+2.9%)
$33,700 + $132,700
$166,400
2019
$1,148 (+18.2%)
$33,700 + $132,700
$166,400
2018
$971
$33,700 + $132,700
$166,400
2017
$971 (+18.3%)
$33,700 + $132,700
$166,400
2012
$821
$34,700 + $133,000
$167,700
Public record
Beds
2
Baths
1
Stories
1.25
Lot width
—
Lot depth
—
Lot size
2.6 Acres
Year renovated
1969
Finished Sq. Ft.
676
Unfinished Sq. Ft.
—
Total Sq. Ft.
676
Year built
1950
Style
Multi-Family (5+ Unit)
County
Grayson County
APN
41 - A- - 70A
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 hot days expected this year, 19 days in 30 years
Wind Factor
We're working on getting current and accurate wind risk information for this home.
Air Factor
We're working on getting current and accurate air risk information for this home.
Provided by First Street
Historical weather
Galax, VA • 24333
Average low and high temperatures (°F)
38
23
46
29
60
39
67
47
68
51
78
60
81
65
73
60
72
55
64
45
54
39
44
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
81/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 765 Water Wheel Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More
Contact listing agent
Pamela Montgomery
Berkshire Hathaway Home Services Mountain Sky Properties-Wythev