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31157 Princeton Avenue

Meadowview, VA 24361

$499,900 $2,107/Mo

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Overview

Bed

Bath

0.47

Acre(Lot)

Description

Rare investment opportunity beside of Emory and Henry University, a small prestigious, private school in the beautiful mountains of Southwest Virginia. This former E & H home has been newly remodeled into a four unit apartment building with laundry center. The Wasp Nest is designed for Professional and/or Emory Students to enjoy quiet, peaceful living. Rent on each unit includes electric, internet, water, sewer, and mowing. Walk to class, the post office, medical office, restaurant, and all the University has to offer with its many athletic and academic functions. This property has almost half an acre with a large parking area for tenants. Each apartment is thoughtfully designed with kitchen/lr combo, bedroom and bathroom. A mini split is in each unit for comfort year round. This apartment unit is minutes away from I-81, Historic Abingdon, Bristol, The Virginia Creeper Trail, and Appalachian Trail.

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

Map

What's Nearby

Nearby Areas

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 06/18/2026 @ 12:36

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