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Sold for $510,000
    • $510,000

    638 Melrose Dr, Bassett, VA 24055

    --beds
    --baths
    7,200sqft
    Multi Family
    Built in 1982
    -- sqft lot
    $585,600 Zestimate®
    $71/sqft
    $775 Estimated rent

    Home value

    $585,600

    Estimated sales range

    Not available

    $775/mo

    Zestimate® history
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    What's special

    Wonderful opportunity to invest in an income producing apartment complex in Bassett. This building has twelve total units that are all on one level with no steps. All units are one bedroom, one bath, with a large living room, kitchen and eating area. One unit has been completelyremodeled from top to bottom (see pics) and several more have updated flooring, paint and bathrooms. This property has plenty of parking and the units rent almost immediately when they come available. Call Grant to schedule showings. Tenants require 72 hour notice.

    Zillow last checked:

    Listing updated:

    Listed by:

    GRANT COCKRELL 540-580-8232,

    RE/MAX ALL STARS

    Bought with:

    Non Member Transaction Agent

    Non-Member Transaction Office

    Source: RVAR,MLS#: 911552MLS Logo

    Facts & features

    Interior

    Heating
    • Baseboard Electric
    Cooling
    • Window Unit(s)
    Features
    • Has basement: No
    Interior area
    • Total structure area: 7,200
    • Total interior livable area: 7,200 sqft

    Property

    Parking
    • Parking features: Private (10 or More)
    Lot
    • Size: 1.19 Acres
    Details
    • Parcel number: 28.5(022)000/054.5565

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • Completed
    • Year built: 1982

    Utilities & green energy

    • Electric: 0 Phase
    • Sewer: Public Sewer
    Green energy
    • Green verification: Green Building Cert

    Community & HOA

    Community
    • Features: Laundry Facility
    • Subdivision: N/A
    HOA
    • Has HOA: No
    Location
    • Region: Bassett

    Financial & listing details

    • Price per square foot: $71/sqft
    • Annual tax amount: $1,167
    • Date on market: 10/9/2024
    • Lease term: 12 Months
    • Tenant pays: Electricity

    Price history

    DateEventPrice
    7/7/2025Listing removed$700
    Source: Zillow Rentals Report a problem
    6/19/2025Listed for rent$700+2.9%
    Source: Zillow Rentals Report a problem
    4/26/2025Listing removed$680
    Source: Zillow Rentals Report a problem
    3/8/2025Listed for rent$680+94.3%
    Source: Zillow Rentals Report a problem
    11/26/2024Sold$510,000-2.8%$71/sqft
    Source: RVAR #911552 Report a problem
    10/12/2024Pending sale$524,950$73/sqft
    Source: RVAR #911552 Report a problem
    10/9/2024Listed for sale$524,950+94.4%$73/sqft
    Source: RVAR #911552 Report a problem
    2/4/2022Sold$270,000-1.8%$38/sqft
    Source: MVMLS #136376 Report a problem
    10/9/2021Pending sale$275,000$38/sqft
    Source: MVMLS #136376 Report a problem
    10/1/2021Price change$275,000+2.2%$38/sqft
    Source: MVMLS #136376 Report a problem
    1/19/2020Listing removed$350
    Source: Berry-Elliott, REALTORS #133012 Report a problem
    1/9/2020Listed for rent$350
    Source: Berry-Elliott, REALTORS #133012 Report a problem
    10/20/2019Listing removed$350
    Source: Berry-Elliott, REALTORS #133012 Report a problem
    10/1/2019Listed for rent$350
    Source: Berry-Elliott, REALTORS #133012 Report a problem
    7/18/2019Listing removed$350
    Source: Berry-Elliott, REALTORS #133012 Report a problem
    12/12/2018Listed for rent$350
    Source: Berry-Elliott, REALTORS #133012 Report a problem
    2/3/2018Listing removed$350
    Source: Berry-Elliott, REALTORS #130925 Report a problem
    5/9/2017Listed for rent$350
    Source: Berry-Elliott, REALTORS #130925 Report a problem
    3/21/2016Listing removed$350
    Source: Berry-Elliott, REALTORS Report a problem
    6/28/2015Listed for rent$350
    Source: Berry-Elliott, REALTORS Report a problem
    11/4/2010Price change$269,000-10%$37/sqft
    Source: Systems Engineering, Inc. #120967 Report a problem
    5/21/2010Price change$299,000-8%$42/sqft
    Source: Systems Engineering, Inc. #120967 Report a problem
    3/18/2010Price change$325,000-13.3%$45/sqft
    Source: Systems Engineering, Inc. #120967 Report a problem
    1/16/2010Listed for sale$375,000$52/sqft
    Source: Systems Engineering, Inc. #120967 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 24055

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

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