307-309 Calhoun St, Galax, VA 24333

Don't miss this unique investment opportunity located just minutes from the heart of downtown Galax, Virginia. This versatile package includes two income-producing homes on one lot, offering excellent potential for rental income, multi-generational living, or future resale value. The first home is a charming 1-bedroom, 1-bathroom cottage with 666 sq ft - perfect as a long-term rental, guest suite, or Airbnb unit. It features beautiful hardwood floors, main-level living, and is currently occupied by a great long-term renter, offering immediate income for the next owner. The second property is a spacious 4-bedroom, 1-bathroom home with 1,457 sq ft, a traditional layout, and plenty of living space—ideal for a larger family or high-yield rental. It has been recently remodeled with fresh interior paint, newly stained decks, replacement windows, and showcases hardwood flooring throughout the main living areas. Main rooms are located on the first level for added convenience, and the home includes a carport for covered parking. The lot also features a nice level yard, adding to the property's overall usability and curb appeal. Located just minutes from downtown Galax, tenants or owners will enjoy easy access to local shops, restaurants, the New River Trail, and community events. Galax is known for its welcoming atmosphere, music heritage, and scenic surroundings - making it a smart and appealing place to invest. Whether you're a seasoned investor or just getting started, this property offers strong rental potential, thoughtful updates, and lasting value in a prime location.