Buying In Blacksburg, VA
Sell Your Commercial Property In Blacksburg, VA
Own a commercial apartment building of five or more units in Blacksburg? We purchase multifamily properties around Downtown Blacksburg, University City Boulevard, and the rest of Montgomery County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Downtown Blacksburg · University City Boulevard · Christiansburg · Radford — Montgomery County, VA
Market Snapshot
Renter Demand In Blacksburg
Blacksburg is a university town in Montgomery County, Virginia, where renters occupy 64.2% of occupied homes (ACS 2020-2024). Owners who sell commercial property in Blacksburg, VA are pricing against Virginia Tech demand, a $1,359 median gross rent and a combined local real estate tax rate of $1.07 per $100. This profile pulls Census, HUD, county, town and Virginia Code figures into one page. It covers who rents, what they pay, how a $2,000,000 building is taxed and which landlord rules apply.
Virginia Tech
Virginia Tech reported official fall 2025 enrollment of 38,995 across its Blacksburg, Roanoke and Washington, D.C.-area locations.Corporate Research Center
The Virginia Tech Corporate Research Center lists more than 180 tenant companies and over 3,500 employees on 230 acres.Carilion New River Valley
Carilion New River Valley Medical Center in Christiansburg serves Montgomery, Pulaski, Floyd, Wythe, Giles and the City of Radford.Our Buy Box
What We Buy In Blacksburg
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Blacksburg Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Blacksburg
Renters occupy 64.2% of occupied homes in Blacksburg, per ACS 2020-2024 tenure data. Montgomery County is at 44.7% and Virginia at 32.7%. Anyone who wants to sell commercial property in Blacksburg, VA is selling into a renter-heavy town.
Buildings with five or more units hold 7,651 homes, or 44.9% of Blacksburg's housing, per ACS units-in-structure data. Another 41.6% of homes were built before 1980, and the median year built is 1985.
Rents and affordability in Blacksburg
Blacksburg's median gross rent is $1,359 per month (ACS 2020-2024, table B25064), versus $1,579 for Virginia. Median household income is $50,182 in Blacksburg and $93,170 statewide.
Among Blacksburg renters, 51.1% pay 30% or more of income on rent and 37.6% pay 50% or more (ACS table B25070).
| Unit size | HUD FY2027 FMR (Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area) |
|---|---|
| Efficiency | $1,043 |
| One-bedroom | $1,050 |
| Two-bedroom | $1,340 |
| Three-bedroom | $1,783 |
| Four-bedroom | $2,048 |
These are HUD FY2027 fair market rents, effective October 1, 2026.
Property taxes in Montgomery County
A $2,000,000 building in Blacksburg owes $21,400 a year in combined real estate tax if assessed at $2,000,000. Montgomery County adopted a rate of $0.81 per $100 for FY2027 on April 22, 2026, which is $16,200 (county budget notice).
The Town of Blacksburg levies $0.26 per $100, or $5,200 (rate table), and its FY2027 Budget in Brief lists no real estate rate increase.
An owner ready to sell commercial real estate in Blacksburg, VA also faces deed taxes. Virginia's grantor tax is 50 cents per $500, or $2,000 on $2,000,000. The recordation tax is 25 cents per $100, or $5,000.
Landlord rules that affect a sale
Virginia caps a security deposit at two months' periodic rent, and a landlord has 45 days after the tenancy ends to return it with itemized deductions (Va. Code 55.1-1226).
For unpaid rent, a tenant has 14 days after written notice to pay. For other material breaches, the notice is 30 days with a 21-day cure period (Va. Code 55.1-1245).
What it means for a Blacksburg owner
Blacksburg's 64.2% renter share, 44.9% share of 5+ unit homes and $1,359 median rent give buyers a clear base for pricing. Owners who plan to sell commercial property in Blacksburg, VA should model the $21,400 tax on a $2,000,000 value.
Skyline Capital Investments buys apartment buildings of five or more units. If you want to sell your apartment building in Blacksburg, start with the cap rate calculator, then see how to sell my apartment building to us.
Good To Know
Blacksburg Seller Checklist
More about selling in Virginia →Investing in Blacksburg? See apartment syndications in Blacksburg →
- Sell commercial real estate in Blacksburg, VA knowing a $2M deed owes $2,000 grantor and $5,000 recordation tax.
- Montgomery County raised its real estate rate from $0.76 to $0.81 per $100 for FY2027.
- Radford and Christiansburg share Blacksburg's HUD metro FMR area, so rents track one benchmark.
Seller Guides
Selling In Blacksburg? Common Situations We Handle
Learn More
Taxes & Rules For Blacksburg Property
The Virginia rules that shape any deal in Blacksburg: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Blacksburg Seller FAQ
What does it cost to sell commercial property in Blacksburg, VA?
On a $2,000,000 deed, Virginia's grantor tax is $2,000 at 50 cents per $500, and the recordation tax is $5,000 at 25 cents per $100. Annual local real estate tax at $1.07 per $100 would be $21,400.
What is the rental vacancy rate in Blacksburg?
ACS 2020-2024 estimates Blacksburg's rental vacancy rate at 4.0%, with a margin of error of 2.2 points. Renters occupy 64.2% of homes, and the median gross rent is $1,359 per month, per Census Bureau tables for the town of Blacksburg.
Who buys if I sell commercial real estate in Blacksburg, VA?
Skyline Capital Investments buys apartment buildings of five or more units, so owners who sell multifamily property in Blacksburg can talk to a direct buyer. Blacksburg has 7,651 homes in 5+ unit buildings, or 44.9% of its housing.
How long does a landlord have to return a deposit in Blacksburg?
Virginia gives a landlord 45 days after the tenancy ends or the tenant moves out to return the deposit with itemized deductions. Deposits are capped at two months' periodic rent under Va. Code 55.1-1226, the state's residential landlord-tenant statute.
What are fair market rents in the Blacksburg area?
Under HUD's FY2027 fair market rents, the Blacksburg-Christiansburg-Radford, VA metro area is $1,050 for a one-bedroom and $1,340 for a two-bedroom. Owners selling commercial property in Blacksburg can use these as a rent benchmark for local apartments.
Do I need to fix up my Blacksburg building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
How does a sale to you work in Montgomery County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Who buys occupied rental property in Blacksburg?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
What do I need to sell my apartment building in Blacksburg?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Get An Offer Review In Blacksburg
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
