Search
8-Unit Apartment Building
For Sale
Contact for pricing

44 Fawn Lake Lane, Palmyra, VA 22963

8 two-bedroom, two-bath apartments were renovated in 2010 and built in 1978.

Property SizeContact for details
Lot Size7.28 Acres
Days on Market125

Property Features for 44 Fawn Lake Lane

General Information

Standard status Active
Lot size 7.28 Acres
Property subtype Multifamily, Retail

Additional Details

Highway Access Yes
Multifamily Units 8

Building Details

Year Built 1978
Year Renovated 2010
Listing Agency: CBRE - Richmond
Listed By: Nicholas Balog · License #VA 0225226429
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 2:40AM

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 CBRE - Richmond

Investment Insights

Based on property information with market context.

Fawn Lake Apartments is an 8-unit apartment building featuring eight two-bedroom, two-bath residences. Each unit is approximately 800 square feet, and the property was built in 1978. Renovations were completed in 2010, bringing updated features to each unit.

The property is located just outside the town of Fork Union on 7.28 acres, halfway between Charlottesville and Richmond. It is minutes south of Lake Monticello.

The building configuration supports a multi-family income approach with consistent unit layouts across the eight apartments.

Key Highlights

  • 8‑unit apartment property with 8 two‑bedroom, two‑bath units
  • Each unit offers 800 SF; property built in 1978
  • Renovations completed in 2010 with updated features in each unit

Property Analytics

Current Use

Apartment buildings

Lease Details

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 22963, VA

16,279
Population
7,107
Households
2.3
Avg Household Size
45
Median Age
42%
College-Educated
98%
High-School Grad
124.7 sq mi
ZIP Area
131
Density / Sq Mi
$100,761
Median Household Income
$48,247
Median Earnings
$1,419
Median Rent
$294,600
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - 8 two-bedroom, two-bath apartments were renovated in 2010 and built in 1978.
Where is this apartment building located?
The property is located at 44 Fawn Lake Lane Palmyra, VA.
What are key features of this property?
This property features: 8‑unit apartment property with 8 two‑bedroom, two‑bath units; Each unit offers 800 SF; property built in 1978; Renovations completed in 2010 with updated features in each unit
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message