Real Estate Investment Properties for Sale in Galax, VA

Looking for investment property in Galax, VA with high ROI ?

Explore a variety of short-term homes & houses in Galax, VA. Invest wisely with VRBO & Galax, VA Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Galax, VA

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
144 Shadetree Ln Galax, VA Enjoy one level living in this newly updated 4 bedroom 1-1/2 bath brick home in a wonderfu...	4 beds \| 2 baths \| 1,512 sq.ft.	$225,000	Airbnb cash on cash: 4.88% Traditional cash on cash: 9.73% Airbnb Rental Income: $1947 Traditional Rental Income: $2466 Airbnb ROI: 4.88% Traditional ROI: 9.73%
298 Link Road Galax, VA Beautiful Mini Farm located in Grayson County with 20.47 acres of land. New fencing, water...	3 beds \| 1 baths \| 987 sq.ft.	$424,950	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.98% Airbnb Rental Income: $1248 Traditional Rental Income: $1772 Airbnb ROI: 0.67% Traditional ROI: 2.98%
98 Foggy Top Lane Galax, VA Beautiful brick home on a secluded level lot in the Fairview community. The very desirable...	3 beds \| 3 baths \| 1,830 sq.ft.	$294,500	Airbnb cash on cash: 1.48% Traditional cash on cash: 7.69% Airbnb Rental Income: $1248 Traditional Rental Income: $2573 Airbnb ROI: 1.48% Traditional ROI: 7.69%
108 Ernie Pyle St. Galax, VA 3 bedroom 2 full bath home with many recent updates in the City of Galax! Home features a ...	3 beds \| 2 baths \| 1,658 sq.ft.	$249,900	Airbnb cash on cash: 1.7% Traditional cash on cash: 8.69% Airbnb Rental Income: $1248 Traditional Rental Income: $2499 Airbnb ROI: 1.7% Traditional ROI: 8.69%
103 E Virginia St Galax, VA This beautifully updated craftsman-style home is located in the heart of Galax. It feature...	4 beds \| 3 baths \| 1,920 sq.ft.	$229,000	Airbnb cash on cash: 4.4% Traditional cash on cash: 11.32% Airbnb Rental Income: $1947 Traditional Rental Income: $2934 Airbnb ROI: 4.4% Traditional ROI: 11.32%
44 Water Wheel Rd Galax, VA MAIN LEVEL LIVING AT ITS FINEST! Step inside and experience the bright, modern open floor ...	3 beds \| 2 baths \| 1,428 sq.ft.	$299,900	Airbnb cash on cash: 0.86% Traditional cash on cash: 4.83% Airbnb Rental Income: $1248 Traditional Rental Income: $1971 Airbnb ROI: 0.86% Traditional ROI: 4.83%
122 Gillespie Lane Galax, VA Complete remodel, with new flooring, new plumbing (from the street to the house), all new ...	2 beds \| 1 baths \| 830 sq.ft.	$179,900	Airbnb cash on cash: 5.64% Traditional cash on cash: 5.41% Airbnb Rental Income: $1735 Traditional Rental Income: $1217 Airbnb ROI: 5.64% Traditional ROI: 5.41%
155 Stonebrook Dr Galax, VA This 4 bed, 3 bath home is nestled in a prime location within a desirable neighborhood! Fe...	4 beds \| 3 baths \| 2,760 sq.ft.	$369,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 6.97% Airbnb Rental Income: $1947 Traditional Rental Income: $2978 Airbnb ROI: 2.52% Traditional ROI: 6.97%
1174 DOVEL HOLLOW RD Galax, VA Become the owner of this modern, just finished, custom-built home located in the Blue Ridg...	4 beds \| 3 baths \| 4,678 sq.ft.	$789,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 2.94% Airbnb Rental Income: $1947 Traditional Rental Income: $3287 Airbnb ROI: 0.42% Traditional ROI: 2.94%
349 Kenbrook Dr Galax, VA This quality brick home features 3 BR, 2 baths, living room and a huge den with wood burn...	3 beds \| 2 baths \| 1,585 sq.ft.	$199,500	Airbnb cash on cash: 2.5% Traditional cash on cash: 10.18% Airbnb Rental Income: $1248 Traditional Rental Income: $2304 Airbnb ROI: 2.5% Traditional ROI: 10.18%
305 W Washington St Galax, VA Walking distance to downtown! This traditional brick home is just two blocks from the cen...	3 beds \| 2 baths \| 1,901 sq.ft.	$189,900	Airbnb cash on cash: 2.58% Traditional cash on cash: 11.94% Airbnb Rental Income: $1248 Traditional Rental Income: $2540 Airbnb ROI: 2.58% Traditional ROI: 11.94%
977 Cranberry Road Galax, VA BRAND NEW CONSTRUCTION!! All on one level three bedroom two full bathroom home that featur...	3 beds \| 2 baths \| 1,700 sq.ft.	$369,900	Airbnb cash on cash: 0.6% Traditional cash on cash: 5.15% Airbnb Rental Income: $1248 Traditional Rental Income: $2432 Airbnb ROI: 0.6% Traditional ROI: 5.15%
104 Morris St Galax, VA Welcome to this beautifully remodeled ranch-style home nestled in the heart of Galax, VA! ...	5 beds \| 3 baths \| 1,566 sq.ft.	$268,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.78% Airbnb Rental Income: $null Traditional Rental Income: $2716 Airbnb ROI: N/A Traditional ROI: 8.78%
21 Cedar Point Galax, VA Great home in a great location! One level living is what you will find with this three be...	3 beds \| 2 baths \| 1,748 sq.ft.	$249,900	Airbnb cash on cash: 1.85% Traditional cash on cash: 8.29% Airbnb Rental Income: $1248 Traditional Rental Income: $2369 Airbnb ROI: 1.85% Traditional ROI: 8.29%
126 126 Columbine Ln Galax, VA PRICE REDUCTION + BONUS Seller Allowance Seller is offering a $5,000 allowance that you ca...	3 beds \| 1 baths \| 1,040 sq.ft.	$184,000	Airbnb cash on cash: 2.98% Traditional cash on cash: 7.77% Airbnb Rental Income: $1248 Traditional Rental Income: $1689 Airbnb ROI: 2.98% Traditional ROI: 7.77%
155 Meadow Creek Rd. Galax, VA Welcome to your peaceful mountain retreat! This fully renovated 2-bed, 1-bath cottage sits...	2 beds \| 1 baths \| 864 sq.ft.	$150,000	Airbnb cash on cash: 7.01% Traditional cash on cash: 9.02% Airbnb Rental Income: $1735 Traditional Rental Income: $1546 Airbnb ROI: 7.01% Traditional ROI: 9.02%
398 Kenbrook Dr Galax, VA Clean and Convenient! is what you will have in this brick home that features 3 bedrooms, 2...	3 beds \| 2 baths \| 1,254 sq.ft.	$229,950	Airbnb cash on cash: 1.78% Traditional cash on cash: 7.36% Airbnb Rental Income: $1248 Traditional Rental Income: $2063 Airbnb ROI: 1.78% Traditional ROI: 7.36%
248 Terrace Ln Galax, VA Welcome home to this spacious and beautifully maintained one-level brick rancher, ideally ...	3 beds \| 3 baths \| 1,943 sq.ft.	$300,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 8.36% Airbnb Rental Income: $1248 Traditional Rental Income: $2844 Airbnb ROI: 1.3% Traditional ROI: 8.36%
118 Pine Cone Pt Galax, VA This exceptional property is ready for you! Every corner holds an exciting feature. You'll...	4 beds \| 3 baths \| 2,324 sq.ft.	$499,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 4.89% Airbnb Rental Income: $1947 Traditional Rental Income: $3160 Airbnb ROI: 1.19% Traditional ROI: 4.89%
1017 Cranberry Road Galax, VA BRAND NEW CONSTRUCTION!! All on one level living three bedroom two full bathroom home tha...	3 beds \| 2 baths \| 1,820 sq.ft.	$359,900	Airbnb cash on cash: 0.92% Traditional cash on cash: 5.88% Airbnb Rental Income: $1248 Traditional Rental Income: $2526 Airbnb ROI: 0.92% Traditional ROI: 5.88%
203 Cherry St. Galax, VA Welcome home! A well-built brick ranch on a quiet street in Galax city limits. This 3-bedr...	3 beds \| 2 baths \| 1,357 sq.ft.	$242,000	Airbnb cash on cash: 1.56% Traditional cash on cash: 7.8% Airbnb Rental Income: $1248 Traditional Rental Income: $2280 Airbnb ROI: 1.56% Traditional ROI: 7.8%
603 West Stuart Drive Galax, VA This beautiful 3 bedroom home in the City of Galax features many recent updates and a larg...	3 beds \| 1 baths \| 1,232 sq.ft.	$199,500	Airbnb cash on cash: 2.43% Traditional cash on cash: 8.41% Airbnb Rental Income: $1248 Traditional Rental Income: $1983 Airbnb ROI: 2.43% Traditional ROI: 8.41%
114 Paradise Ln. Galax, VA 3 bedroom brick ranch home with metal roof, full basement, metal roof sitting on 3.957 +/-...	3 beds \| 2 baths \| 1,658 sq.ft.	$229,900	Airbnb cash on cash: 2% Traditional cash on cash: 8.59% Airbnb Rental Income: $1248 Traditional Rental Income: $2284 Airbnb ROI: 2% Traditional ROI: 8.59%
437 Commonwealth Rd. Galax, VA Move-in ready 5 bedroom 3.5 bath home with many recent upgrades in Commonwealth! Main leve...	5 beds \| 4 baths \| 3,866 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.07% Airbnb Rental Income: $null Traditional Rental Income: $3834 Airbnb ROI: N/A Traditional ROI: 8.07%
162 Commodore Ln Galax, VA LOCATION LOCATION LOCATION!! This immaculate brick ranch home offers the perfect blend of ...	3 beds \| 3 baths \| 2,100 sq.ft.	$489,900	Airbnb cash on cash: 0.34% Traditional cash on cash: 5.16% Airbnb Rental Income: $1248 Traditional Rental Income: $3060 Airbnb ROI: 0.34% Traditional ROI: 5.16%
285 Peaks Mtn Rd Galax, VA Come build your dream home on top of this private and secluded hilltop in Carroll County V...	1 beds \| 2 baths \| 900 sq.ft.	$499,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 3.11% Airbnb Rental Income: $1062 Traditional Rental Income: $2085 Airbnb ROI: 0.13% Traditional ROI: 3.11%
209 Mcarthur St Galax, VA This home has the WOW FACTOR.. w/a light, bright and open floor plan & covered front porch...	3 beds \| 2 baths \| 1,405 sq.ft.	$249,900	Airbnb cash on cash: 1.69% Traditional cash on cash: 7.8% Airbnb Rental Income: $1248 Traditional Rental Income: $2293 Airbnb ROI: 1.69% Traditional ROI: 7.8%
54 Forest Ln Galax, VA Experience one-level living in this charming 3-bedroom, 1-bath brick ranch located in Gala...	3 beds \| 2 baths \| 1,000 sq.ft.	$189,000	Airbnb cash on cash: 2.95% Traditional cash on cash: 8.13% Airbnb Rental Income: $1248 Traditional Rental Income: $1782 Airbnb ROI: 2.95% Traditional ROI: 8.13%
608 W Center St Galax, VA MAIN LEVEL LIVING â A Perfect Starter Home! Welcome to your beautifully refreshed 3-bedr...	3 beds \| 1 baths \| 1,002 sq.ft.	$150,000	Airbnb cash on cash: 3.64% Traditional cash on cash: 10.31% Airbnb Rental Income: $1248 Traditional Rental Income: $1808 Airbnb ROI: 3.64% Traditional ROI: 10.31%
714 Glendale Road Galax, VA Spacious brick ranch home located in the heart of Galax VA! This home offers over 1,700 s...	3 beds \| 3 baths \| 1,734 sq.ft.	$189,900	Airbnb cash on cash: 2.27% Traditional cash on cash: 11.13% Airbnb Rental Income: $1248 Traditional Rental Income: $2450 Airbnb ROI: 2.27% Traditional ROI: 11.13%
1135 S Main St Galax, VA This 3 bed, 1 bath, 1,375 sq ft brick ranch sits just outside the main stretch of downtown...	3 beds \| 1 baths \| 1,375 sq.ft.	$225,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 6.9% Airbnb Rental Income: $1248 Traditional Rental Income: $1905 Airbnb ROI: 1.95% Traditional ROI: 6.9%
2173 Edmonds Rd. Galax, VA This cedar-sided one-story home is located in a convenient location just outside the City ...	2 beds \| 1 baths \| 1,289 sq.ft.	$175,000	Airbnb cash on cash: 5.67% Traditional cash on cash: 7.91% Airbnb Rental Income: $1735 Traditional Rental Income: $1629 Airbnb ROI: 5.67% Traditional ROI: 7.91%
369 Kenbrook Dr Galax, VA Charming home located in Galax, offering the convenience of local amenities and over 2 acr...	2 beds \| 2 baths \| 1,606 sq.ft.	$249,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 7.33% Airbnb Rental Income: $1735 Traditional Rental Income: $2221 Airbnb ROI: 3.23% Traditional ROI: 7.33%
1047 Glendale Rd Galax, VA Great house conveniently located in City of Galax on nice level lot! Home has 2 bedrooms, ...	2 beds \| 2 baths \| 2,045 sq.ft.	$289,500	Airbnb cash on cash: 2.75% Traditional cash on cash: 7.01% Airbnb Rental Income: $1735 Traditional Rental Income: $2418 Airbnb ROI: 2.75% Traditional ROI: 7.01%
133 Soapstone Rd Galax, VA Escape to the country with this beautiful 13+/- acre horse farm, located just minutes from...	3 beds \| 2 baths \| 1,428 sq.ft.	$399,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 5.08% Airbnb Rental Income: $1248 Traditional Rental Income: $2472 Airbnb ROI: 0.75% Traditional ROI: 5.08%
101 Robinhood Rd Galax, VA Nice home in a very desirable Galax location. within walking distance to restaurant's, med...	3 beds \| 2 baths \| 2,154 sq.ft.	$249,900	Airbnb cash on cash: 1.49% Traditional cash on cash: 8.88% Airbnb Rental Income: $1248 Traditional Rental Income: $2595 Airbnb ROI: 1.49% Traditional ROI: 8.88%
327 Armory Road Galax, VA This property is located in the City of Galax on a corner lot with mature trees in the fro...	4 beds \| 3 baths \| 2,744 sq.ft.	$279,900	Airbnb cash on cash: 3.51% Traditional cash on cash: 10.86% Airbnb Rental Income: $1947 Traditional Rental Income: $3371 Airbnb ROI: 3.51% Traditional ROI: 10.86%
7038 Pipers Gap Galax, VA Welcome to Your Dream Home in the Blue Ridge Mountains! Imagine waking up every day in a b...	2 beds \| 1 baths \| 1,080 sq.ft.	$269,900	Airbnb cash on cash: 3.41% Traditional cash on cash: 5.9% Airbnb Rental Income: $1735 Traditional Rental Income: $1891 Airbnb ROI: 3.41% Traditional ROI: 5.9%

Real Estate investment in Galax, VA

There are 38 properties for sale in the city of Galax . The median list price in Galax is $249,000 and the average price per square foot is $144. In September 2025, the average monthly cash on cash return in Galax is 8.00%. The average monthly rental income in Galax is $2,369.

Galax, VA Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 38 investment properties available for sale in Galax.

In 2025, the best neighborhood to buy investment property is Galax.

The ROI for Long-Term is higher than the Short-Term in Galax with average rental income of $2,369.

Your search for investment property begins and ends here

Investment Property for Sale in Galax, VA

144 Shadetree Ln

Galax, VA

4 beds | 2 baths | 1,512 sq.ft.

$225,000

Airbnb cash on cash: 4.88%

Traditional cash on cash: 9.73%

Airbnb Rental Income: $1947

Traditional Rental Income: $2466

Airbnb ROI: 4.88%

Traditional ROI: 9.73%

298 Link Road

Galax, VA

3 beds | 1 baths | 987 sq.ft.

$424,950

Airbnb cash on cash: 0.67%

Traditional cash on cash: 2.98%

Airbnb Rental Income: $1248

Traditional Rental Income: $1772

Airbnb ROI: 0.67%

Traditional ROI: 2.98%

98 Foggy Top Lane

Galax, VA

3 beds | 3 baths | 1,830 sq.ft.

$294,500

Airbnb cash on cash: 1.48%

Traditional cash on cash: 7.69%

Airbnb Rental Income: $1248

Traditional Rental Income: $2573

Airbnb ROI: 1.48%

Traditional ROI: 7.69%

108 Ernie Pyle St.

Galax, VA

3 beds | 2 baths | 1,658 sq.ft.

$249,900

Airbnb cash on cash: 1.7%

Traditional cash on cash: 8.69%

Airbnb Rental Income: $1248

Traditional Rental Income: $2499

Airbnb ROI: 1.7%

Traditional ROI: 8.69%

103 E Virginia St

Galax, VA

4 beds | 3 baths | 1,920 sq.ft.

$229,000

Airbnb cash on cash: 4.4%

Traditional cash on cash: 11.32%

Airbnb Rental Income: $1947

Traditional Rental Income: $2934

Airbnb ROI: 4.4%

Traditional ROI: 11.32%

44 Water Wheel Rd

Galax, VA

3 beds | 2 baths | 1,428 sq.ft.

$299,900

Airbnb cash on cash: 0.86%

Traditional cash on cash: 4.83%

Airbnb Rental Income: $1248

Traditional Rental Income: $1971

Airbnb ROI: 0.86%

Traditional ROI: 4.83%

122 Gillespie Lane

Galax, VA

2 beds | 1 baths | 830 sq.ft.

$179,900

Airbnb cash on cash: 5.64%

Traditional cash on cash: 5.41%

Airbnb Rental Income: $1735

Traditional Rental Income: $1217

Airbnb ROI: 5.64%

Traditional ROI: 5.41%

155 Stonebrook Dr

Galax, VA

4 beds | 3 baths | 2,760 sq.ft.

$369,900

Airbnb cash on cash: 2.52%

Traditional cash on cash: 6.97%

Airbnb Rental Income: $1947

Traditional Rental Income: $2978

Airbnb ROI: 2.52%