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    Rappahannock County, VA Multifamily Properties for Sale

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    Multi-Family Income Property with Retail
    Updated: Jan 8
    Multi-Family Income Property with Retail

    11947 LEE Highway, Sperryville, VA 22740

    $559,000
    1,260 sqft 1.37 AC lot
    11947 & 11951 Lee Hwy sold together on one parcel with two structures totaling four grandfathered residential units and one commercial unit
    Zoned Highway Commercial with by‑right uses including short‑term rentals, retail, food service, and hospitality
    Located on Rt 211 (2 million+ vehicles per year) near the Thornton Gap entrance to Shenandoah National Park
    Served by electric, propane, private well, and town sewer; high‑speed internet available
    Construction materials include vinyl siding; year built 1900; architectural style: cottage
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    This listing looks promising.

    Here's a quick look at some key insights for

    11947 LEE Highway, SPERRYVILLE, VA 22740

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    • Est. Cap Rate

      3.8%
      NOI ÷ price

    • Est. NOI

      $21K
      Annual

    • Price @ 7% Cap

      $306K
      Suggested

    • Last Sold

      Jan 2024
      $500K

    • Property Type

      Commercial (General)
      Built 1900
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    Multifamily Income Property with Retail Unit
    Updated: Nov 8, 2025
    Multifamily Income Property with Retail Unit

    11947 Lee Hwy, Sperryville, VA 22740

    $559,000
    1,260 sqft
    Two structures at 11947 & 11951 Lee Hwy sold together on one parcel, with multiple grandfathered residential units plus one commercial unit
    Highway Commercial zoning with by‑right uses including short‑term rentals, retail, food service, and hospitality
    Located along Rt 211, a major artery with 2 million+ vehicles per year, near the Thornton Gap entrance to Shenandoah National Park
    Utilities include electric, propane, private well, town sewer, and high‑speed internet
    Year built 1900; exterior features include stone and vinyl with wood shingle, metal, composition, other, and shingle roofing
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    Based on your search, we've compiled 3 Potential Opportunities for your consideration. Besides 2 Active listings in Rappahannock County, VA, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads

    Off-Market Properties in Rappahannock County, VA

    Consider similar Off-Market properties in Rappahannock County, 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.

    233 Main St
    APARTMENT HOUSE (5+ UNITS)

    233 Main St, Washington, VA 22747-1983

    $280,000
    Estimated value
    4,420 sqft
    View details

    Rappahannock County, VA Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Rappahannock County, VA on our real estate platform. These investment opportunities span a total of 2,520 square feet of properties for sale, with an estimated market value of $1,118,000.

    Sale prices for multifamily properties in Rappahannock County, VA average $559,000 — 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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