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    Ararat, VA Apartment Buildings for Sale

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    Cana, VA Mount Airy, NC Fancy Gap, VA
    Ararat Multifamily Investment Opportunity
    $1,650,000
    17,786 SF
    Ararat Multifamily Investment Opportunity

    81-302 Duplex Lane, Ararat, VA 24053

    Three homes and sixteen duplexes near Blue Ridge Elementary School.
    • Excellent investment opportunity with a mix of single‑family homes and duplexes.
    • Prime location near Mt. Airy, NC, Blue Ridge Elementary School, and Dan River Park.
    • 16 duplexes and 3 single family homes all including range, refrigerator, washer, and dryer.
    • Significant capital improvements made in 2020: new roofs, gutters, and updated heat pumps.
    • Property spans over 16 acres, allowing for future expansion.
    Updated: Jul 16, 2024
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Ararat, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Mixed-Use Income Property
    $519,000
    9,442 SF
    Mixed-Use Income Property

    Eight income units combine street-level retail leases with occupied apartments, plus storage space and gravel parking.

    207-213 W Main Street, Mayodan, NC 27027

    View details
    Glade Valley Investment Opportunity
    $1,149,000
    3,000 SF
    Glade Valley Investment Opportunity

    Commercial property with 14 rental units and post office.

    18,40,90 & 226, 236 Glade Valley Church & Triad, Glade Valley, NC 28627

    View details
    Mayodan Mixed-Use Investment Opportunity
    $519,000
    9,442 SF
    Mayodan Mixed-Use Investment Opportunity

    Income-producing property with commercial and residential units in Mayodan, NC.

    207 W Main St, Mayodan, NC

    View details
    Glade Valley Commercial Property
    $1,149,000
    10,390 SF
    Glade Valley Commercial Property

    Commercial property with 14 rental units and US Post Office.

    18, 40, 90 Glade Valley Church Road, Glade Valley, NC 28627

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres
    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215

    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607

    View details
    Central Business Zoned Development Land
    $250,000
    0.23 Acres
    Central Business Zoned Development Land

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    107 HOWARD Street, La Plata, MD 20646

    View details

    Ararat, VA Apartment Buildings Investment Opportunities Market Analysis

    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 two-family homes in Ararat, VA start at $1,650,000, averaging $1,650,000, and reaching up to $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 pricing trends across core commercial property types in Patrick County

    Residential Income

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