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Apartment Building with Central Air
For Sale
$749,000

45 Castle Ct, Fairfield, VA 24435

Multi-Family, Fairfield, VA

Property Size7,367 SF
Lot Size0.75 Acres
Price / SF$101.67
Days on Market49

Property Features for 45 Castle Ct

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Business
Bedrooms 26
Bathrooms 6
Full bathrooms 5
Half bathrooms 1
Rooms Bedroom 20, Bathroom 5, Bedroom 22, Bedroom 25, Bedroom 2, Bedroom 15, Bedroom 9, Bedroom 3, Bedroom 7, Bedroom 5, Bedroom 19, Bedroom 14, Bedroom 11, Bedroom 1, Bedroom 8, Bedroom 21, Bedroom 16, Bedroom 4, Bedroom 12, Bedroom 17, Bedroom 18, Bathroom 2, Bedroom 10, Bedroom 24, Bedroom 23, Bathroom 1, Bathroom 4, Bedroom 26, Bathroom 3, Bedroom 6, Bedroom 13, Bathroom 6
Basement Crawl Space, Partial
Elementary school Central
Middle school Lylburn Downing
High school Parry McCluer
Directions From Lexington take 1-81 North to Exit 200. Right onto Sterrett Road. Left on driveway which is connected to McDonalds
Subdivision Rockbridge
Standard status Active
APN 39-29-A
Size 7,367 SF
Lot size 0.75 Acres

Taxes and HOA fees

Tax Description 11 Fairview
Tax Annual Amount 2272
Legal Description 11 Fairview

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air
Water source Public

Building Details

Year built 1995
Number of units 6
Flooring type Laminate, Carpet
Roof type Shingle
Listing Agency: Sterling Prop & Management LLC
Listed By: David B. Stull
Added: Sep 1 Changed: Oct 17 Last Checked: Oct 19 at 8:06PM
MLS# 140266

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

This apartment building in Fairfield, Virginia, contains 7,367 square feet on a 0.75-acre parcel. The layout includes 26 bedrooms and 6 bathrooms, with laminate and carpet flooring throughout. Central air conditioning and heat pump heating serve the building, while the shingle roof dates with the 1995 construction year.

The property is located at 45 Castle Ct in Rockbridge County and carries Business zoning. Public water and public sewer are in place, providing established utility service for the multifamily asset.

Key Highlights

  • 7,367‑square‑foot apartment building on a 0.75‑acre parcel
  • 26 bedrooms and 6 bathrooms
  • Built in 1995 with a shingle roof

Property Analytics

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Location Intelligence

Trade Area within ½ mile

89
Businesses Nearby

Demographics for 24435, VA

1,695
Population
959
Households
1.8
Avg Household Size
50
Median Age
44%
College-Educated
94%
High-School Grad
25.9 sq mi
ZIP Area
65
Density / Sq Mi
$66,620
Median Household Income
$52,531
Median Earnings
$192,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with multiple bedrooms, bathrooms, central air, and public water and sewer.
Where is this apartment building located?
The property is located at 45 Castle Ct Fairfield, VA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 7,367‑square‑foot apartment building on a 0.75‑acre parcel; 26 bedrooms and 6 bathrooms; Built in 1995 with a shingle roof
More about this property
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