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Multifamily Property
For Sale
$295,000

289 Independence Circle, Forest, VA 24551

Established multifamily asset in Forest, Virginia, with a 1979 construction date.

Property Size1,850 SF
Price / SF$159.46
Days on Market45

Property Features for 289 Independence Circle

General Information

Standard status Active
Size 1,850 SF
Property subtype Multi-Family

Building Details

Year Built 1979
Listing Agency: Nolen Real Estate
Listed By: Karl Miller Realty
Source: Karlmillerrealty
Added: Jul 18 Changed: Aug 30 Last Checked: Aug 30 at 4:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nolen Real Estate

Investment Insights

Based on property information with market context.

This multifamily property at 289 Independence Circle in Forest, Virginia, was built in 1979. The recorded property size is 1,850.

The asset is positioned in the Forest, VA 24551 market and is offered for sale. Its multifamily classification supports consideration as a residential income property.

Key Highlights

  • Multifamily property at 289 Independence Circle, Forest, VA 24551
  • 1,850 recorded property size
  • Built in 1979

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Spa & Massage Center Nail Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

74
Businesses Nearby

Demographics for 24551, VA

25,601
Population
10,844
Households
2.4
Avg Household Size
42
Median Age
47%
College-Educated
96%
High-School Grad
74.2 sq mi
ZIP Area
345
Density / Sq Mi
$91,119
Median Household Income
$49,846
Median Earnings
$1,087
Median Rent
$345,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Established multifamily asset in Forest, Virginia, with a 1979 construction date.
Where is this multifamily property located?
The property is located at 289 Independence Circle Forest, VA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Multifamily property at 289 Independence Circle, Forest, VA 24551; 1,850 recorded property size; Built in 1979
More about this property
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