165 W Railroad Ave, Craigsville, VA 24430 | $100,000
Historic Investment Opportunity in Craigsville, Virginia
165 W Railroad Ave, Craigsville, VA 24430 | $100,000
Calling all investors, rehab specialists, and old-home enthusiasts—this is your chance to unlock the potential of a historic property with solid bones and endless possibilities.
Located at 165 W Railroad Avenue in Craigsville, Virginia, this 4-bedroom, 1-bath home, built in 1876, offers a rare opportunity to restore and reimagine a piece of local history at an accessible price point.
Priced at $100,000 and sold as is, this property is ideal for a fix-and-flip project, a rental investment, or a long-term hold for those looking to build equity through renovation. With a generous lot, classic architectural charm, and a flexible layout, the home provides a strong foundation for a variety of investment strategies.
Property Overview
Price: $100,000
Address: 165 W Railroad Ave, Craigsville, VA 24430
Bedrooms: 4
Bathrooms: 1 (full bath)
Main-Level Bedrooms: 1
Year Built: 1876
Condition: Fixer-upper / Sold As Is
New Construction: No
This home’s age is one of its greatest assets. Built in the late 19th century, it reflects craftsmanship and materials that are difficult to replicate today. Investors who appreciate historic homes will recognize the potential to blend classic character with modern updates to create a truly standout property.
Layout and Living Space Potential
With four bedrooms, including one bedroom on the main level, the home offers a flexible floor plan that can be adapted to modern living needs. The main-level bedroom is particularly appealing for accessibility, multi-generational living, or rental configurations.
The remaining bedrooms are located on the upper level, offering privacy and separation from common living spaces. Depending on your renovation vision, the layout could support:
A spacious single-family residence
A long-term or short-term rental
A hybrid owner-occupied investment
A resale flip targeting buyers seeking historic charm
The existing single full bathroom presents a prime opportunity to add value. Investors may consider reconfiguring interior space to add an additional bathroom or half-bath, which could significantly increase resale or rental value.
Condition and Renovation Opportunities
This property is being sold as is, making it clear that it needs TLC and updates. However, that’s exactly where the opportunity lies. For experienced rehabbers, this home provides a blank canvas to implement strategic improvements such as:
Updated plumbing and electrical systems
Modern HVAC installation
Kitchen and bathroom renovations
Flooring restoration or replacement
Interior and exterior cosmetic upgrades
Energy-efficient windows and insulation
The phrase “solid bones” applies here—the structure offers a strong starting point for renovation rather than a complete teardown. With thoughtful planning and budgeting, investors can transform this property into a high-performing asset.
Lot and Exterior Potential
The home sits on a generous lot, adding to its appeal and versatility. Outdoor space is increasingly valuable, whether for:
Landscaping enhancements
Outdoor entertaining areas
Parking improvements
Garden or yard features
Curb appeal improvements alone—such as exterior paint, porch restoration, and landscaping—could dramatically change the first impression and overall market value of the home.
Location: Craigsville, Virginia
Craigsville is a small town with a strong sense of community, nestled in Augusta County. Properties in this area often appeal to buyers and renters seeking affordability, charm, and a quieter lifestyle while remaining connected to nearby towns and amenities.
165 W Railroad Avenue benefits from:
Easy access to local roads and transportation routes
Proximity to community amenities
A traditional neighborhood setting
For investors, smaller markets like Craigsville can offer lower acquisition costs, less competition, and stable rental demand—especially for well-renovated homes.
Investment Strategies to Consider
This property lends itself well to multiple investment approaches:
1. Fix and Flip
With the right renovation plan, this home could be repositioned as a charming historic residence with modern conveniences. Updated systems, refreshed interiors, and improved curb appeal could generate strong resale interest.
2. Long-Term Rental
Four-bedroom homes are often in demand for families or shared living arrangements. After renovation, this property could provide consistent rental income with long-term appreciation.
3. Buy and Hold
Investors focused on equity growth may choose to renovate gradually while holding the property long-term, benefiting from lower entry costs and potential market appreciation.
4. Historic Restoration Project
For buyers passionate about preservation, this home offers the opportunity to restore and highlight its original character while still making it functional for modern living.
Why This Property Stands Out
Affordable entry price for a multi-bedroom home
Historic charm dating back to 1876
Flexible layout with main-level bedroom
Large lot with outdoor potential
Strong value-add opportunity through renovation
Suitable for multiple investment strategies
Properties like this don’t come along often—especially at a price point that allows room for meaningful upgrades and future returns.
Final Thoughts
165 W Railroad Ave in Craigsville, VA is more than just a fixer-upper—it’s an opportunity to create value, preserve history, and bring new life to a classic home. Whether you’re an experienced investor, a rehab specialist, or someone looking for your next project, this property offers the foundation, space, and potential to make your vision a reality.
FROM ZILLOW
