1508 Chestnut Ave
$237,500
3 bd 2 ba
1508 Chestnut Ave
Buena Vista, VA 24416
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.

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
Megan Eberle
Megan Eberle
REALTOR®, Sales Associate

Contact Megan Eberle About This Property

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