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    Ararat, VA
    Apartment Building

    Ararat, VA Apartment Buildings for Sale

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    Cana, VA Hillsville, VA Fancy Gap, VA Laurel Fork, VA Mount Airy, NC Claudville, VA Meadows Of Dan, VA Westfield, NC
    Apartment Property with Ranch Homes
    Updated: Jul 16, 2024
    Apartment Property with Ranch Homes

    81-302 Duplex Lane, Ararat, VA 24053

    $1,650,000
    17,786 sqft
    Three brick ranch homes plus 16 duplex buildings
    Unit mix includes four three‑bedroom, eleven two‑bedroom, and one one‑bedroom duplex units
    All units received new roofs and gutters in 2020
    Select heat pumps and other property components have been updated
    Over 16 acres in Ararat, Patrick County, VA
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    1 active listing matches your search: Apartment Building for sale in Ararat, VA. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Apartment Building with Historic Features
    Apartment Building with Historic Features

    765 Water Wheel Road, Galax, VA 24333

    $550,000
    2,788 sqft 3.30 AC lot

    Efficiency apartments with shared laundry, accessible design elements, and separate historic structures on a wooded stream property.

    View details
    13-Unit Apartment Building
    13-Unit Apartment Building

    1007 S Main St, Mount Airy, NC 27030

    $1,475,000
    13 units  8,540 sqft  Built 1936

    Recent renovations include kitchens, bathrooms, windows, and a newer metal roof.

    7 x 2BR  2 x 1BR  4 x studio
    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    765 Water Wheel Rd, Galax, VA 24333

    $550,000
    2,788 sqft

    Five efficiency apartments include one accessible unit, mini-split heating and cooling, and shared laundry space.

    View details
    Turnkey Six-Unit Apartment Building
    Turnkey Six-Unit Apartment Building

    517 Willow St, Mount Airy, NC 27030

    $750,000
    6 units  4,036 sqft  Built 1942  Multi-tenant
    100% occupied

    Fully renovated six-unit building with one-bedroom, one-bath layouts and recent roof and window replacements.

    View details

    Ararat, VA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Ararat, VA on our real estate platform. These investment opportunities span a total of 17,786 square feet of properties for sale, with an estimated market value of $1,650,000.

    Sale prices for apartment complexes in Ararat, VA average $1,650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 2,461
    Population Growth (5Y) -8.8%
    Median Household Income $52,173
    College Educated 14.8%

    High-Yield Neighborhoods for Investment

    Identify Ararat submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24053 $1.7M

    Taxes & Financing

    Tax Rate (average for all types) 0.72%
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Patrick County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Patrick County

    Residential Income

    How Realmo verifies these figures

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