+26 more
/ 31
+21
$237,500
3 bd
2 ba
1508 Chestnut Ave
Buena Vista, VA 24416
79 days on market
Property Type
Residential
Year Built
1989
Lot Size
0.28 acres
Garage
—
About This Property
Income-producing opportunity with built-in cash flow and long-term flexibility. This unique Buena Vista property features two separate living spaces, making it an ideal investment for landlords, house hackers, or buyers seeking supplemental income.
The primary residence offers 3 bedrooms, 1.5 baths, and 1,056 finished square feet with numerous recent updates, including fresh interior paint, updated flooring, kitchen and bath improvements, a new roof (2023), and a new water heater. A covered front porch, fenced backyard, level lot, and creek add to the property's appeal.
The detached guest house, approximately 800 square feet with its own kitchen and bath, is currently leased through November 2026, providing immediate rental income from day one. Continue operating as an investment property, live in one unit while offsetting your mortgage with rental income from the other, or utilize the additional space for multi-generational living.
With separate living quarters, established rental income, and strong potential for owner-occupants and investors alike, this property offers a rare opportunity to build wealth through real estate while enjoying the flexibility of multiple income strategies. Conveniently located near downtown Buena Vista, local employers, schools, and outdoor recreation.
Property is being sold "as-is" and inspections shall be for information purposes only.
The primary residence offers 3 bedrooms, 1.5 baths, and 1,056 finished square feet with numerous recent updates, including fresh interior paint, updated flooring, kitchen and bath improvements, a new roof (2023), and a new water heater. A covered front porch, fenced backyard, level lot, and creek add to the property's appeal.
The detached guest house, approximately 800 square feet with its own kitchen and bath, is currently leased through November 2026, providing immediate rental income from day one. Continue operating as an investment property, live in one unit while offsetting your mortgage with rental income from the other, or utilize the additional space for multi-generational living.
With separate living quarters, established rental income, and strong potential for owner-occupants and investors alike, this property offers a rare opportunity to build wealth through real estate while enjoying the flexibility of multiple income strategies. Conveniently located near downtown Buena Vista, local employers, schools, and outdoor recreation.
Property is being sold "as-is" and inspections shall be for information purposes only.
Property Details
Interior
- Bedrooms
- 3
- Bathrooms
- 2
Exterior & Lot
- Lot Size
- 0.28 acres
- Year Built
- 1989
Location
- County
- Rockbridge
- ZIP Code
- 24416
Financial
- Annual Taxes
- $1,372
Utilities
- Sewer
- Public Sewer
Schools
- Elementary
- Kling/Enderly Hghts
- Middle School
- Parry McCluer
- High School
- Parry McCluer
Interior Features
Ceiling Fan(s)
Appliances
Dryer, Oven, Refrigerator, Washer, Electric Range
Heating
Baseboard Electric
Location
Listing Information
- MLS #
- 139934
- Listing Agent
- Kimberly Hostetter
- Listing Office
- eXp Realty LLC
- Listed Date
- Jul 8, 2026
Contact Megan Eberle About This Property
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