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    45 NE Castle Ct Fairfield, VA 24435

    For Sale
    $795,000

    Other (Use Remarks) - Fairfield, VA

    Property size:
    7,367 SF
    Lot size:
    0.75 Acres
    Days on Market:
    135
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 45 NE Castle Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    Business
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    14
    Bathrooms
    6
    Interior features
    1st Floor Bedroom, Security Lighting
    Size
    7,367 SF
    Lot size
    0.75 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1995
    Floors in Building
    3
    Number of units
    6
    Flooring type
    Carpet, Laminate
    Roof type
    Shingle
    Architectural style
    Other

    Sterling Properties & Management, LLC (540) 460-1111 [email protected]

    Listing agent David B. Stull (540) 462-3770

    Listing date Jul 25, 2025

    MLS# 139431 Listing URL

    Copyright © 2025 Rockbridge Highlands Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fairfield Multifamily Property with Apartments

    This property in Fairfield, Virginia, features a six-unit apartment building. The layout includes four three-bedroom apartments and two efficiency units. Four of the units have been converted for use. The property, situated on a 0.75-acre lot, is zoned for business. It benefits from public water and sewer services. Access to the property is provided by two private driveways. The building has a living area of 7367 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Fairfield
    County
    Rockbridge
    State
    Virginia
    Longitude
    -79.3031
    Latitude
    37.8785

    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in Fairfield, Virginia, with conversion potential.
    Where is this apartment building located?
    The property is located at 45 NE Castle Ct Fairfield, VA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Four 3-bedroom units offer significant rental income potential.; - Two efficiency units provide additional income streams.; - Public water and sewer connections offer convenience.
    (540) 462-3770
    Request Owner's contact information
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    Fairfield, VA 24435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    45 NE Castle Ct Fairfield, VA 24435
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