290 Alleghany Spring Rd Unit & 292, Shawsville, VA 24162
About this home
Outstanding SW Virginia Investment Opportunity. 10 Apartments and 4 Townhomes fully-occupied. Former assisted living facility renovated for multi-family. New sprinkler system 2008,2 ADA apartment units, additional 2,300+ SF unfinished townhome ready for renovation. Massive positive cash-flow potential. Email agent for Confidential Offering Memorandum, Pro Forma and more information.
Multi-familyProperty Type
2008Year Built
2.12 acresLot Size
83706 spacesParking
Listed by DANIEL WICKHAM• POE & CRONK REAL ESTATE GROUP
Bought with DARRELL MORRIS• POE & CRONK REAL ESTATE GROUP
There isn’t enough information to generate an accurate estimate at this time. Learn More
Market trends in 24162, VA
Last updated July 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-List Price
97.3%
+3.1% MoM
Median sale price
$275K
$17K MoM
Avg. days on market
4d
51 days MoM
Recently sold homes
8
4 MoM
Provided by Redfin
Sale history for 290 Alleghany Spring Rd Unit & 292
Date
Event
Price
MLSRV #878115
Jun 23, 2021
Sold
$1,050,000
Mar 25, 2021
Listed
$1,100,000
MLSRV #812519
Mar 16, 2016
Listing Removed
—
Mar 10, 2015
Listed
$1,150,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Montgomery County
APN
083-A74
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 23, 2023.
RM1
FP
Multiple-Family Residential District
The regulations set forth in this section, or set forth elsewhere in this chapter when referred to in this section, are the regulations in the Multiple-Family Residential, RM-1 district. This district provides for multiple-family residences and is for the purpose of accommodating the construction of townhouse developments and garden-type apartments in appropriate locations in order to provide convenient and compact residential neighborhoods, efficient provision of public facilities and services, and a range of housing prices, including moderately priced housing.
Zone overlays
Floodplain
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Infrastructure
Educational/school
Communications tower
Property details
Parking
Garage and Parking Information
# of Covered Spaces: 83,706
Interior
Multi-Unit Information
# of Units (Total): 14
Multi-Family Financial Information
Net Operating Income: $83,706
Operating Expense: $53,050
Gross Income: $144,210
Gross Scheduled Income: $144,210
Owner Pays: Water, Sewer, Management
Exterior
Building Information
Year Built: 2008
Property Information
PropertyType: MultiFamily
Lot Information
Lot Size Area: 2.12
Lot Size Acres: 2.12
Lot Size Square Feet: 92,347.2
Lot Size Units: Acres
Financial
Tax Information
Tax Annual Amount: $8,500
Parcel Number: 012512
Utilities
Heating & Cooling
Has Heating
Has Cooling
Location
School Information
Elementary School: Eastern Montgomery
Middle Or Junior School: Shawsville
High School: Eastern Montgomery
Location Information
Directions: From US-11 S/US-460W out of Salem, VA: turn left onto Alleghany Spring Rd. Take first left into driveway and property is on far right.
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Montgomery County
APN: 083-A74
Home facts updated by county records on May 23, 2023
Other
Listing Information
ListingId: 878115
ListPrice: $1,100,000
Around this home
Schools
Eastern Montgomery Elementary School
Public PreK-5 • Assigned • 2.5mi
2/10
Shawsville Middle School
Public 6-8 • Assigned • 0.5mi
3/10
Eastern Montgomery High School
Public 9-12 • Assigned • 2.9mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
6/10 Flood Factor
Estimated 67-75% chance 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
4/10 Heat Factor
8 days above 97° expected this year, 23 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
Shawsville, VA • 24162
Average low and high temperatures (°F)
42
25
50
32
66
42
74
50
74
54
85
63
88
69
83
64
78
59
70
47
60
41
48
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.5 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.