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31157 Princeton Avenue

Meadowview, VA 24361
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Bed --

Bed

Bath 0

Bath

Acres0.47

Acre(Lot)

Welcome to The Wasp Nest, a unique and recently remodeled four-unit investment property ideally located beside Emory & Henry University in beautiful Southwest Virginia. Offering approximately 1,988 square feet on nearly half an acre, this property presents an excellent opportunity for investors seeking a turnkey income-producing property in a desirable location. The building features four thoughtfully designed apartments, each offering a private bedroom, full bathroom, and comfortable kitchen/living area. Each unit is equipped with its own mini-split system for year-round comfort, while a convenient laundry center serves the property. Designed with professionals in mind, the property offers a peaceful setting while being within easy walking distance of the university, post office, medical offices, and local dining. Tenant rent includes electric, internet, water, sewer, and lawn maintenance, creating a convenient rental experience and an attractive income opportunity for ownership. The property sits on approximately 0.47 acres with a large parking area and a combination of level and gently rolling terrain. Additional features include a deck, attached parking, public water and sewer, laminate flooring, updated interiors, and a metal roof. Location is another major advantage. The property is just minutes from Interstate 81, Historic Abingdon, Bristol, the Virginia Creeper Trail, and the Appalachian Trail, providing residents with easy access to employment, education, recreation, and regional amenities.

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Detail Ic Property Details

Property Type : Residential Income

Price : $499,900

AD Id : 75209892

MLS Id : 9991031

Lot Size : 0.47 Acre

Year Built : 1970

County : Washington

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Feature Features

  • Room Information

    Has Basement: Yes Basement: Block
  • Flooring Information

    Laminate
  • Roofing Information

    Metal
  • Interior Features

    Roof: Metal Appliances: Dryer, Range, Refrigerator, Washer Laundry Features: Electric Dryer Hookup, Washer Hookup Window Features: Insulated Windows
  • Heating & Cooling

    Has Heating: Yes Heating: See Remarks

  • Building Information

    Year Built: 1970 Building Area Total: 1988 Construction Materials: Brick Stories: 2 Patio And Porch Features: Deck Private Pool: No

  • Lot Information

    Lot Dimensions: 89x200x115x202 Main Square Feet: 0.47 Acres Lot Size Acres: 0.47 Lot Size Square Feet: 20473.2

  • Listing Price Information

    Listing Price: $499900 Cash, Conventional

  • Tax Information

    Parcel Number: 068a2 4 2 3

  • Parking Information

    Attached, Gravel

    Garage Information

    Has Attached Garage: Yes

  • School Information

    Elementary School: Meadowview
    Junior High School: Glade Spring
    Senior High School: Patrick Henry
  • Utility Information

    Cable Available, Electricity Connected, Sewer Connected, Water Connected, Cable Connected
  • Location Information

    Direction: Interstate 81 North to exit 26; Left off ramp; Go approximately 1.2 miles; Left on Princeton Avenue; First house on the left. WaterSource: Public
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Tennessee Virginia Regional MLS. All Rights Reserved.

ByOwner last updated this listing 08/12/2026 @ 10:15

MLS: 9991031 LISTED BY: Robin Bise, Robin's Nest Realty, LLC 276-356-4171 SOURCE: TennesseeVirginia Regional MLS

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