49 5th Street Northwest

Pulaski, VA 24301

$399,000
Price
2
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Corner lot 5-unit apartment building with massive income potential. Four 2-Bed, 1 Bath units and One 3-Bed, 1-Bath unit. Located in the northwest of downtown Pulaski, residents will enjoy being in walking distance to a rapidly revitalizing Main Street and within a 10 minute drive to Volvo Group's manufacturing facility, employer of over 4,000, and the largest private employer in the New River Valley. Projected as-is cap-rate of over 10%. Incredible value-add opportunity with cosmetic updates.Corner lot 5-unit apartment building with massive income potential. Four 2-Bed, 1 Bath units and One 3-Bed, 1-Bath unit. Located in the northwest of downtown Pulaski, residents will enjoy being in walking distance to a rapidly revitalizing Main Street and within a 10 minute drive to Volvo Group's manufacturing facility, employer of over 4,000, and the largest private employer in the New River Valley. Projected as-is cap-rate of over 10%. Incredible value-add opportunity with cosmetic updates.
  1. Listed by JAMES CRAIGHEAD • RE/MAX 8

Property Details for 49 5th Street Northwest

Subdivision Name
N/A
Covered Spaces
36100.0
LISTING UPDATED: 12/31/2024 01:12 PM

Property Details for 49 5th Street Northwest

StatusActive
MLS #913280
Days on Market7
Taxes$2,959 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built1941
Lot Size0.14 AC / 6,098 SF
CountyPulaski County

Building Information for 49 5th Street Northwest

Stories-Residences5Year Built1941Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 49 5th Street Northwest

Summary
Location and General Information
  • Directions: Take exit 89 off of I-81 and take Rt. 100 towards Pulaski. Travel 4.9 Miles to 5th street. Take a left and travel .1 miles. Property on the left on the corner.
  • MLS Area Major: 3000 - Pulaski County
  • City: Pulaski
  • State Or Province: VA
  • Postal Code: 24301
  • County Or Parish: Pulaski County
  • MLS Area Minor: 3000 - Pulaski County
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 072-051-0024-0001
  • Tax Block: 24
  • Tax Lot: 1&3
  • Tax Tract Or Section: 5th & Jefferson
  • Tax Amount: $2,959
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $2,959
  • Location Legal Taxes - Section: 5th & Jefferson
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Other - See Remarks
  • Middle Or Junior School: Other - See Remarks
  • High School: Other - See Remarks
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Street
Property
Lot Information
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6098.4
  • General Property Description - Total Acreage: 0.14
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1941
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
Utilities
  • Sewer: True
  • Water Description - Public Water: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
Interior Features
  • Cooling: None
  • Heating: Other
  • Basement: Full Basement
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: No
  • Heating: Yes
  • General Property Description - Basement: Yes
  • General Property Description - # Furnished: 0.0
  • General Property Description - # Unfurnished: 5.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
  • General Property Description - # Leased Units: 1
Income & Expenses
  • Gross Scheduled Income: $54,000
  • Operating Expense: $17,900
  • General Property Description - Gross Income: $54,000
  • Gross Income: $54,000
  • Net Operating Income: $36,100
Unit 1
  • Unit Number: Type 1
  • Units Total: 4
  • Beds Total: 2
  • Furnished: 1
  • Parking: Range Electric
  • Rent: Refrigerator
Rental
Rental Information
  • Tenant Expenses - Electricity: Yes

Property History for 49 5th Street Northwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 49 5th Street Northwest

Taxable ValueLand$10,000Additions$259,000Total$269,000
Tax Record2024$1,991 ($166 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)CountyPULASKIAPN072-051-0024-0001

Schools near 49 5th Street Northwest

This home is within Pulaski County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Pulaski Elementary School
PublicPK to 5

Pulaski Middle School
Public6 to 8

Pulaski County Sr. High School
Public9 to 12

Pulaski County Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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49 5th Street Northwest is a multi-family home for sale in Pulaski, VA 24301. This property was listed for sale on December 31, 2024 by RE/MAX 8, it's currently listed at $399,000. It has been on the market for a total of 7 days and was last sold on May 24, 2021. This listing's school district is Pulaski County Public Schools. Nearby schools include Pulaski Elementary School, Pulaski Middle School and Pulaski County Sr. High School. 49 5th Street Northwest is a 2-bed, 0-bath, multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX 8, JAMES CRAIGHEAD

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.