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Renovated Duplex with Acreage
For Sale
$259,900
Pending

299 Ragland Road, Madison Heights, VA 24572

Multi-Family, Madison Heights, VA

Property Size2,039 SF
Lot Size2.94 Acres
Days on Market98

Property Features for 299 Ragland Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R2
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Parking features Off Street
Elementary school Madison Heights Elem
Middle school Monelison Midl
High school Amherst High
Elementary school district Amherst
Middle school district Amherst
High school district Amherst
Directions Amherst Hwy towards Madison Heights; south on Amherst Hwy-turn left onto Ragland Rd-299 Ragland Rd will be on the right.
Subdivision Amherst
Standard status Pending
APN 161-A-36
Size 2,039 SF
Lot size 2.94 Acres

Taxes and HOA fees

Tax Description Property Address: 299 RAGLAND RD MADISON HEIGHTS, VA 24572
Legal Description Property Address: 299 RAGLAND RD MADISON HEIGHTS, VA 24572

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump

Building Details

Year built 1998
Number of units 2
Listing Agency: Mark A. Dalton & Co., Inc.
Listed By: Callie Reyes · License #0225273134
Added: Jun 3 Changed: Sep 3 Last Checked: Sep 8 at 7:06PM
MLS# 366291

Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex contains 2,039 square feet across two residential units on 2.944 acres. Recent work includes replacement siding, HVAC improvements, a deck, new flooring, interior paint, and kitchen upgrades with new cabinets, countertops, and appliances. Bathrooms include updated finishes and tile showers. Both units are supported by heat pump heating and cooling, with off-street parking available.

The property is located in Madison Heights, Virginia, with access to shopping, dining, schools, and other local amenities. R2 zoning and the two-unit configuration provide a clear residential income-property profile, while the existing improvements offer a refreshed starting point for an owner-occupant or investor.

Key Highlights

  • Two‑unit duplex measuring 2,039 square feet
  • Situated on 2.944 acres in Madison Heights, VA
  • Recent siding, HVAC, deck, flooring, and paint improvements

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Hair Salon HVAC Service Law Firm

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

52
Businesses Nearby

Demographics for 24572, VA

16,399
Population
7,415
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
90%
High-School Grad
66.3 sq mi
ZIP Area
247
Density / Sq Mi
$64,158
Median Household Income
$41,732
Median Earnings
$837
Median Rent
$187,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Updated two-unit property with refreshed interiors, heat pump systems, and off-street parking.
Where is this duplex located?
The property is located at 299 Ragland Road Madison Heights, VA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit duplex measuring 2,039 square feet; Situated on 2.944 acres in Madison Heights, VA; Recent siding, HVAC, deck, flooring, and paint improvements
More about this property
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