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2,788 sqft

$550,000

765 Water Wheel Road, Galax VA, 24333

Price per sqft$197.27
Property size2,788 sqft
Property typeMulti-family

Overview

Active

Listed Sep 12, 2026

Updated 4 weeks ago

Twin Brooks Lodge offers a rare investment opportunity combining income-producing apartments, historic charm, and unique property features. Originally built to accommodate tourists as an Airbnb, the property now provides housing for five full-time tenants. The apartment building features five efficiency apartments, including one handicap-accessible unit. Each apartment offers 1 bedroom, 1 bath, a living area, and an eat-in kitchen equipped with a refrigerator, microwave, hot plate, and sink. Hardwood floors and mini-split heating and cooling provide comfort and easy maintenance. Adding to the property's character is a 2 bedroom historic log cabin, previously used as a rental and currently vacant add more income producing potential. The cabin is being sold as-is. Additional historic features include a log kitchen/shelter and a grist mill. Enjoy the peaceful setting and soothing sounds of two streams flowing through the property. A truly unique investment property.

$3,659/mo

Est. mortgage payment based on a $550,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$952
Tax Frequency
Annually

Listed by Pamela Montgomery with Berkshire Hathaway Home Services Mountain Sky Properties-Wythev
Listing Contact: 2762238719 

Based on information from New River Valley Association of REALTORS®. Data last updated 9/18/2026. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nest Realty - New River Valley, VA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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