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    Ararat Multifamily Investment Opportunity
    Updated: Jul 16, 2024
    Ararat Multifamily Investment Opportunity

    81-302 Duplex Lane, Ararat, VA 24053

    $1,650,000
    17,786 sqft 16.00 AC lot
    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.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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.

    Glade Valley Commercial Property
    Glade Valley Commercial Property

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

    $1,149,000
    10,390 sqft

    Commercial property with 14 rental units and US Post Office.

    View details
    Glade Valley Investment Opportunity
    Glade Valley Investment Opportunity

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

    $1,149,000
    3,000 sqft 3.71 AC lot

    Commercial property with 14 rental units and post office.

    View details
    97-Unit Multifamily Investment Opportunity
    97-Unit Multifamily Investment Opportunity

    81 Terry Ct, Collinsville, VA 24078

    Contact for pricing
    83,940 sqft

    Multifamily property with 97 units near Roanoke MSA.

    View details
    Collinsville Multifamily Investment Opportunity
    Collinsville Multifamily Investment Opportunity

    79 Ridgemont Circle, Collinsville, VA 24078

    Contact for pricing
    6,300 sqft

    Eight-unit apartment building in Collinsville, Virginia.

    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.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

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

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

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

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

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

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    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 two-family homes 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%

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