605 E  5th St, Damascus, VA 24236
Property image
Property image
FOR SALE
NEW - 1 HR AGO

$375,000

  • Studio
  • 4 Baths
  • 1,200 sqft

605 E 5th St, Damascus, VA 24236

Est. Mortgage $2,270/mo*
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Home Highlights

Multi-Family
Built in 2011
$313/sqft

Local Information

  • Map ViewExplore the area around 605 E 5th St.
  • Schools5 Preschool Schools8 Elementary Schools5 Middle Schools3 High Schools
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Privacy fencingCovered outdoor deck
Exceptional opportunity to own a turnkey lodging business in the heart of downtown Damascus, directly along the Appalachian Trail. The Stone Lion Hostel is fully equipped and positioned to serve the steady stream of hikers, cyclists, outdoor enthusiasts, and budget-minded travelers drawn to this beloved trail town. Accommodating up to 22 guests, the hostel features 10 XL twin sleeping cubicles, 12 full-size sleeping cubicles, 4.5 baths and two full-size stackable laundry machines. Fixtures, furnishings and equipment are included, offering a streamlined transition for a new owner.

Known as ''Trail Town USA,'' Damascus is a celebrated destination for outdoor recreation, with the Appalachian Trail passing directly through town and the Virginia Creeper Trail within walking distance of the Hostel. Guests also enjoy convenient access to the Iron Mountain Trail, Mount Rogers National Recreation Area, Grayson Highlands, Whitetop Mountain, Backbone Rock and Cherokee National Forest. Additionally, the Upper section of the Virginia Creeper Trail between Damascus and Whitetop is scheduled to reopen in the spring of 2027, creating renewed access to the popular 34-mile trail.

The current owners made a number of modifications and improvements to the structure including privacy fencing, a covered outdoor deck, four bathrooms, laundry facilities, a kitchenette, and 28 solar panels. Additionally, the business is fully licensed with an established website and a positive online presence through reviews on sites such as Far Out and Google.

More than simply real estate, The Stone Lion Hostel offers the opportunity to acquire an established, turnkey hostel in a town which consistently ranks as a top adventure destination for outdoor enthusiasts!
Last check for updates: about 1 hour ago
Listing courtesy of Cynthia Routon, (615) 574-0773
Holston Realty, Inc., (423) 793-8109
Source: TVRMLS, MLS#10001332
Also Listed on TVRMLS.

Home Details for 605 E 5th St

Interior Features

Beds & Baths
Number of Bathrooms: 4
Appliances & Utilities
Utilities: Electricity Connected, Sewer Connected, Water ConnectedAppliances: Dryer, Microwave, Refrigerator, WasherDryerLaundry: Electric Dryer Hookup,Washer HookupMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Heat PumpHas CoolingAir Conditioning: Heat Pump,Window Unit(s)Has HeatingHeating Fuel: Heat Pump
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Flooring: Concrete
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Concrete
View
No View

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: CoveredFoundation: Slab
Parking & Garage
No CarportNo Attached GarageNo Open ParkingParking: Gravel
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Topography: Level

Days on Market

Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 2011
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Hotel/MotelArchitecture: See Remarks
Building
Construction Materials: Metal SidingNot a New ConstructionDoes Not Include Home Warranty
Property Information
Condition: AverageParcel Number: 172b2 A 181

Price & Status

Price
List Price: $375,000Price Per Sqft: $313

Active Status

MLS Status: Active

Location

Direction & Address
City: DamascusCommunity: Not In Subdivision
School Information
Elementary School: Rhea ValleyJr High / Middle School: DamascusHigh School: Holston

Agent Information

Listing Agent
Listing ID: 10001332

Building

Building Area
Building Area: 1200 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 3484.8 sqft

Offer

Listing Terms: Cash, Conventional

Miscellaneous

Mls Number: 10001332

Around this home

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Big Stone Gap

At least 8 Trulia users voted on each feature.
  • 92 % Say yards are well-kept

  • 88 % Say it's quiet

  • 85 % Say parking is easy

  • 82 % Say car is needed

  • 75 % Say kids play outside

  • 54 % Say it's walkable to restaurants

  • 50 % Say there's holiday spirit

  • 46 % Say people would walk alone at night

  • 44 % Say they plan to stay for at least 5 years

  • 39 % Say neighbors are friendly

  • 38 % Say there are community events

  • 33 % Say streets are well-lit

  • 30 % Say there's wildlife

  • 25 % Say it's walkable to grocery stores

  • 25 % Say it's dog friendly

  • 17 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Vickie S.
    "they are not on a leash most times, and they dont clean up after them. there are alot of stray dogs in the area also. "
  • Melissa Rose
    "I love living in Big Stone Gap its a friendly, convenient, comfortable, relaxing, & beautiful place to live.... I would find it very hard if I had to ever leave.... Which probably is not going to happen because I call this place home...."

Market trends in Big Stone Gap

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
39
7
MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2.32
Multi-Family Home
$108,000
06/24/26
9
-
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.06
$80,300
2
1
950
Off Market
0.05
$167,900
2
2
1,196
Off Market
0.09
$270,700
4
3.5
2,800
Off Market
0.07
$175,300
4
2
2,858
Off Market
0.13
$140,000
3
2
1,130
Recently Sold
0.06
$131,600
3
2
1,608
Off Market
0.09
$87,800
2
1
872
Off Market
0.17
$135,000
3
2
1,040
For Sale
0.17
$166,400
3
1.5
1,214
Off Market
0.18
$132,800
3
1
1,260
Off Market
0.20
$185,000
3
2
1,296
For Sale

Price and Tax history

DateEventPrice
Sep 24, 2026
Source: TVRMLS #10001332
Listed For Sale
$375,000

LGBTQ Local Legal Protections

Cynthia Routon, Holston Realty, Inc., (423) 793-8109
Agent Phone: (615) 574-0773
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited Listing information is deemed reliable, but not guaranteed.

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Frequently asked questions about 605 E 5th St

  • What is the estimated monthly payment for 605 E 5th St?
    Based on a $375,000 list price with 20% down at today's rates, the estimated monthly payment for 605 E 5th St in Damascus, VA is approximately $2,310 (about $2,076 principal & interest, $159 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Damascus?
    Residents describe Damascus, VA as well-kept, quiet, and easy to park in. Most residents say you need a car. See homes for sale in Damascus, VA.
  • What are the closest schools to 605 E 5th St?
    The closest schools to 605 E 5th St in Damascus, VA are Central High School (rated 9/10), Coeburn Middle School (Elementary, rated 9/10), Coeburn Primary School (Pre-K, rated 10/10).
  • Does 605 E 5th St have air conditioning?
    Yes, 605 E 5th St in Damascus, VA has air conditioning.
  • Does 605 E 5th St have laundry facilities?
    Yes, 605 E 5th St in Damascus, VA has in-unit laundry.
  • Does 605 E 5th St have parking?
    Yes, 605 E 5th St in Damascus, VA has on-site parking.
605 E 5th St, Damascus, VA 24236 is a studio, 4 bathroom, 1,200 sqft multi-family built in 2011. This property is currently available for sale and was listed by TVRMLS on Sep 24, 2026. The MLS # for this home is MLS# 10001332.