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    Ararat, VA
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    Ararat, VA Multifamily Properties for Sale

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    Hillsville, VA Cana, VA Fancy Gap, VA Laurel Fork, VA Mount Airy, NC Claudville, VA Meadows Of Dan, VA Westfield, NC
    Apartment Property with Ranch Homes
    Updated: Jul 16, 2024
    Apartment Property with Ranch Homes

    81-302 Duplex Lane, Ararat, VA 24053

    $1,650,000
    17,786 sqft
    Three brick ranch homes plus 16 duplex buildings
    Unit mix includes four three‑bedroom, eleven two‑bedroom, and one one‑bedroom duplex units
    All units received new roofs and gutters in 2020
    Select heat pumps and other property components have been updated
    Over 16 acres in Ararat, Patrick County, VA
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Ararat, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Buildings with Apartments
    Mixed-Use Buildings with Apartments

    522&516 N Main St, Hillsville, VA 24343

    $875,000
    16,766 sqft

    Two connected commercial properties combine occupied apartments, retail potential, and additional space for future buildout.

    View details
    Mixed-Use Buildings With Apartments
    Mixed-Use Buildings With Apartments

    522&516 N Main St, Hillsville, VA 24343

    $875,000
    16,766 sqft

    Two commercial buildings combine leased apartments, retail space, and additional areas suited for future residential or commercial use.

    View details
    Mobile Home Park with Stream
    Mobile Home Park with Stream

    2-00 Mccarther Rd, Mount Airy, NC 27030

    $375,000

    Zoned mobile home park with well-and-septic service and a wooded setting along a rear stream.

    View details
    Commercial Sale
    Commercial Sale

    0 00 Mccarther Road Unit 2, Mount Airy, NC 27031

    $375,000

    Mobile home & RV parks

    View details

    Ararat, VA Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Ararat, VA on our real estate platform. These investment opportunities span a total of 17,786 square feet of properties for sale, with an estimated market value of $1,650,000.

    Sale prices for multifamily properties in Ararat, VA average $1,650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 2,461
    Population Growth (5Y) -8.8%
    Median Household Income $52,173
    College Educated 14.8%

    High-Yield Neighborhoods for Investment

    Identify Ararat submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24053 $1.7M

    Taxes & Financing

    Tax Rate (average for all types) 0.72%
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Patrick County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Patrick County

    Residential Income

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