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    Ararat, VA Residential Income Properties for Sale

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    Cana, VA Mount Airy, NC Fancy Gap, VA
    Ararat Multifamily Investment Opportunity
    $1,650,000
    17,786 SF
    Ararat Multifamily Investment Opportunity

    81-302 Duplex Lane, Ararat, VA 24053

    Three homes and sixteen duplexes near Blue Ridge Elementary School.
    • Excellent investment opportunity with a mix of single‑family homes and duplexes.
    • Prime location near Mt. Airy, NC, Blue Ridge Elementary School, and Dan River Park.
    • 16 duplexes and 3 single family homes all including range, refrigerator, washer, and dryer.
    • Significant capital improvements made in 2020: new roofs, gutters, and updated heat pumps.
    • Property spans over 16 acres, allowing for future expansion.
    Updated: Jul 16, 2024
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Ararat, 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.

    Versatile Multi-Use Property in Mount Airy
    $474,900
    12,450 SF
    Versatile Multi-Use Property in Mount Airy

    Unique property with church, home, and metal buildings on 4 acres.

    259 Belvue Drive, Mount Airy, NC 27030

    View details
    Multifamily Property Near Downtown
    $359,999
    0.72 Acres
    Multifamily Property Near Downtown

    Multifamily property near downtown Mount Airy with multiple rental options.

    234 Hylton Street, Mount Airy, NC 27030

    View details
    Remodeled Duplex in Willis, VA
    $189,000
    Remodeled Duplex in Willis, VA

    Remodeled duplex with two units in Willis, Virginia.

    5656 Floyd Highway, Willis, VA 24380

    View details
    General Commercial
    $179,000
    2,088 SF
    General Commercial

    Duplexes · 2,088 SF

    110 Merifield Road, Willis, VA 24380

    View details

    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.

    Mount Airy Land For Sale
    $1,385,800
    325.19 Acres
    Mount Airy Land For Sale

    325.19 acres in Mount Airy, NC with road frontage.

    NE Pine Street, Mount Airy, NC 27030

    View details
    Mount Airy Land with Views
    $233,120
    27.89 Acres
    Mount Airy Land with Views

    27.89 acres of unrestricted land with mountain views.

    Blue Hollow Road, Mount Airy, NC 27030

    View details
    Land Overlooking Olde Mill Golf
    $75,000
    0.75 Acres
    Land Overlooking Olde Mill Golf

    0.75 acre lot on Olde Mill golf course.

    Lone Oak Ct. lot: 112, Laurel Fork, VA 24352

    View details
    Residential Land in Olde Mill
    Contact for pricing
    0.60 Acres
    Residential Land in Olde Mill

    0.6 acre lot in Olde Mill Golf Resort.

    Fairlake Ln lot: 100, Laurel Fork, VA 24352

    View details

    Ararat, VA Residential Income Properties Investment Opportunities Market Analysis

    Explore 1 residential income 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 residential income properties in Ararat, VA start at $1,650,000, averaging $1,650,000, and reaching up to $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
    Multifamily properties 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 $917.5K

    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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