Multifamily (Multi Family)

112 Dale St, Wise, VA 24293

See Remarks

FOR SALE

Price: $199,900 Price Per ft²: $58.30 List Date: 2026-05-06 DOM: 1
City Tax: $581 County Tax: $1,379

Year Built: 1962 pre-1978 Homes

Total Area: 3,429 ft² (Finished & Unfinished)

Lot Size: 1.20 acre(s) Lot Dimensions: 1.2 Topography: Level

Heating: Electric Cooling: Window Unit(s) Water & Sewage: Public

Description

Investment opportunity in the heart of Wise! This 5-unit apartment complex sits on over an acre of land and offers incredible potential for investors looking to expand their portfolio or create long-term passive income. Conveniently located near UVA Wise, local schools, shopping, dining, and other amenities, this property is perfectly positioned to attract steady rental demand.The property does need some TLC, making it an excellent value-add opportunity for the right buyer. One unit previously experienced a fire and will require rehabilitation, while one unit is currently occupied and producing income. With the remaining units ready for updates and improvements, the possibilities are endless for increasing rental income and overall property value.Whether you're looking to renovate and maximize cash flow, create student housing, or hold as a long-term investment, this property offers location, acreage, and income potential all in one package. Don't miss your chance to bring this multi-family property back to life in one of Wise's most convenient locations!