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    Forest, VA Multifamily Properties for Sale

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    Lynchburg, VA Evington, VA Goode, VA Rustburg, VA Madison Heights, VA Coleman Falls, VA Bedford, VA Monroe, VA
    Leased Duplex in Residential Neighborhood
    Updated: Jul 15
    Leased Duplex in Residential Neighborhood

    289 Independence Circle, Forest, VA 24551

    $295,000
    1,850 sqft 0.46 AC lot
    Duplex at 289 Independence Cir, Forest, VA
    Unit A leased at $650/month through Feb 1, 2027; tenant handles grass and leaf maintenance
    Unit B leased at $700/month through Sep 30, 2026
    Long‑term tenants: ~24 years (Unit A) and ~15 years (Unit B)
    Roof replaced by Cenvar in Aug 2015; HVAC upgrades: Unit A (2018) and Unit B (2019) by Jordan Mechanical
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Forest, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Turnkey Side-by-Side Duplex
    Turnkey Side-by-Side Duplex

    85 Deer Creek Drive, Lynchburg, VA 24502

    $299,900
    1,792 sqft 0.51 AC lot

    Move-in ready duplex with two 2-bedroom units, separate meters, and off-street parking for convenient occupancy.

    View details
    Turnkey Duplex Investment Property
    Turnkey Duplex Investment Property

    2618-2638 Sunnymeade Road, Unit A&B, Rustburg, VA 24588

    $979,900
    5,300 sqft

    Two side-by-side duplexes offer four 3-bedroom, 2.5-bath units with open-concept living, in-unit laundry, and private back decks.

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    All-Brick Side-by-Side Duplex
    All-Brick Side-by-Side Duplex

    85 Deer Creek Drive, Lynchburg, VA 24502

    $299,900
    1,792 sqft

    Turnkey, move-in ready duplex with two 2-bedroom units, separate utilities, and included appliances.

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    Turnkey Duplex Near Liberty University
    Turnkey Duplex Near Liberty University

    2638 Sunnymeade Road, Unit A&B, Rustburg, VA 24588

    $494,900
    2,650 sqft

    Well-maintained duplex with strong rental potential near Liberty University.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Altavista Land For Sale
    Altavista Land For Sale

    0-Tract 7 Dearing Ford Road, Altavista, VA 24517

    $39,900
    1.31 AC lot

    1.31 acre multi-family zoned land near Altavista shopping.

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    Land in Gladys, Virginia
    Land in Gladys, Virginia

    3B Mohawk, Gladys, VA 24554

    Contact for pricing
    2.00 AC lot

    Two-acre lot suitable for various residential builds.

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    Commercial Land in Ridgeway, VA
    Commercial Land in Ridgeway, VA

    342 Morehead Avenue, Ridgeway, VA 24148

    $188,000
    252 sqft 2.68 AC lot

    2.68 acres of land suitable for various businesses.

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    Ridgeway, VA Land For Sale
    Ridgeway, VA Land For Sale

    342 Morehead Avenue, Ridgeway, VA 24148

    $188,000
    2.68 AC lot

    2.68 acres on Morehead Ave in Ridgeway, VA.

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    Forest, VA Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Forest, VA on our real estate platform. These investment opportunities span a total of 1,850 square feet of properties for sale, with an estimated market value of $295,000.

    Sale prices for multifamily properties in Forest, VA start at $295,000, averaging $295,000, and reaching up to $295,000 — 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

    Duplexes 1

    Demographics Overview

    Population 28K
    Population Growth (5Y) +11.0%
    Median Household Income $91,119
    College Educated 66.0%

    Taxes & Financing

    Tax Rate (average for all types) 0.75%
    Property Tax per SF $19.15 per SF
    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 Bedford County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

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