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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 Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Patrick County, VA, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    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.

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    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.

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    Patrick County, VA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Patrick County, 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 Patrick County, 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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