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    Luray, VA
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    Luray, VA Multifamily Properties for Sale

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    Rileyville, VA Stanley, VA New Market, VA Fort Valley, VA Shenandoah, VA Edinburg, VA Sperryville, VA Mount Jackson, VA
    Boutique Hotel Investment Opportunity
    Updated: Sep 13, 2024
    Boutique Hotel Investment Opportunity

    2 S Court St, Luray, VA 22835

    Contact for pricing
    11,000 sqft
    Prime B1 zoned location in the vibrant Luray area, close to key attractions
    11,000 square foot property with 12 boutique rooms suitable for apartments, Air BnB, or hotel**
    Meticulously renovated in 2015, blending timeless architecture with modern amenities
    Exceptional hospitality investment opportunity with potential for high returns
    Additional lot on Main St included in the price
    View details
    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 12 Potential Opportunities for your consideration. Besides 1 Active listings in Luray, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    109 N MAIN St, Edinburg, VA 22824

    $299,900
    4,000 sqft

    Spacious four-unit rental building with four separate units and over 4,000 sq ft of living space.

    View details
    Quadplex with Four Units
    Quadplex with Four Units

    109 N MAIN Street, Edinburg, VA 22824

    $299,900
    4,248 sqft 0.12 AC lot

    Quadplex built in 1922 with vinyl siding, four separate units, and alley plus on-street parking.

    View details
    Multi-Family Income Property with Retail
    Multi-Family Income Property with Retail

    11947 LEE Highway, Sperryville, VA 22740

    $559,000
    1,260 sqft 1.37 AC lot

    Two structures totaling five grandfathered units on one parcel, including four residential and one commercial unit.

    View details
    Multifamily Income Property with Retail Unit
    Multifamily Income Property with Retail Unit

    11947 Lee Hwy, Sperryville, VA 22740

    $559,000
    1,260 sqft

    Two structures on one parcel include multiple grandfathered residential units plus one commercial unit, zoned Highway Commercial.

    View details

    Off-Market Properties in Luray, VA

    Consider similar Off-Market properties in Luray, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    910 T.c. Northcott Blvd
    Multifamily properties

    910 T.c. Northcott Blvd, Luray, VA 22835

    Value Estimation by Request
    View details
    101 Madison Ln
    APARTMENT HOUSE (5+ UNITS)

    101 Madison Ln, Luray, VA 22835-1657

    $475,000
    Estimated value
    6,375 sqft 6.12 AC lot
    View details
    101 Madison Ln
    APARTMENT HOUSE (5+ UNITS)

    101 Madison Ln, Luray, VA 22835-1657

    $435,000
    Estimated value
    5,100 sqft 6.91 AC lot
    View details
    21 Brumback Ave, Unit 35
    APARTMENT HOUSE (5+ UNITS)

    21 Brumback Ave, Luray, VA 22835-1711

    Unit 35
    $470,000
    Estimated value
    8,400 sqft 1.60 AC lot
    View details
    302 1st St
    APARTMENT HOUSE (UNDER 5 UNITS)

    302 1st St, Luray, VA 22835-2003

    $335,000
    Estimated value
    4,608 sqft 0.98 AC lot
    View details
    300 1st St
    APARTMENT HOUSE (5+ UNITS)

    300 1st St, Luray, VA 22835-2062

    $340,000
    Estimated value
    5,184 sqft 1.00 AC lot
    View details
    212 Main St Sta, Unit A
    APARTMENT HOUSE (UNDER 5 UNITS)

    212 Main St Sta, Luray, VA 22835-1252

    Unit A
    $270,000
    Estimated value
    2,560 sqft 0.40 AC lot
    View details

    Luray, VA Multifamily Properties Market Trends and Statistics

    Explore 8 multifamily properties for sale in Luray, VA on our real estate platform. These investment opportunities span a total of 11,000 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 1

    Demographics Overview

    Population 11K
    Population Growth (5Y) -2.4%
    Median Household Income $57,365
    College Educated 29.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    22835 $849K

    Taxes & Financing

    Tax Rate (average for all types) 0.65%
    Property Tax per SF $10.97 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 Page County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Luray fall within the Under 2,500 square foot range.

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