$375,000
- Studio
- 4 Baths
- 1,200 sqft
605 E 5th St, Damascus, VA 24236
Est. Mortgage $2,270/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 2011
$313/sqft
Local Information
-- mins to
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!
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
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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 |
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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 |
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Days on Market: <1 day on Trulia |
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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 |
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Price List Price: $375,000Price Per Sqft: $313 |
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MLS Status: Active |
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Direction & Address City: DamascusCommunity: Not In Subdivision |
School Information Elementary School: Rhea ValleyJr High / Middle School: DamascusHigh School: Holston |
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Listing Agent Listing ID: 10001332 |
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Building Area Building Area: 1200 Square Feet |
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Not Senior Community |
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No HOA |
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Lot Area: 3484.8 sqft |
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Listing Terms: Cash, Conventional |
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Mls Number: 10001332 |
Around this home
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.
Market trends in Big Stone Gap
Last updated August 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
39
7MoM
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
| Date | Event | Price |
|---|---|---|
Sep 24, 2026 Source: TVRMLS #10001332 | Listed For Sale | $375,000 |
LGBTQ Local Legal Protections
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.

