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    Ararat, VA Residential Income 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 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.

    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.

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    Brick Quadplex with Four Units
    Brick Quadplex with Four Units

    155 W Grayson St, Hillsville, VA 24343

    $350,000
    3,840 sqft

    Four separately metered units with public water and sewer in an R-1 residential zone.

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    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.

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    Commercial Sale
    Commercial Sale

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

    $375,000

    Mobile home & RV parks

    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.

    Secluded Mountain Land Near Parkway
    Secluded Mountain Land Near Parkway

    Crooked White Oak Tr lot: 55,26,27,28, Hillsville, VA 24343

    $127,000
    15.60 AC lot

    15+ acres of wooded land near Blue Ridge Parkway.

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    Buildable Lots with Mountain Views
    Buildable Lots with Mountain Views

    Rhododendron Rd lot: 4011 2 54 Bc, Hillsville, VA 24343

    $75,000
    2.00 AC lot

    Two adjoining lots with long-range mountain views in Elkhorn Acres.

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    Land with Mountain View Potential
    Land with Mountain View Potential

    Buck Hollar Rd. lot: 17, Hillsville, VA 24343

    Contact for pricing
    0.40 AC lot

    Buildable lots with utilities and community amenities.

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    Land with Mountain Views
    Land with Mountain Views

    Buck Hollar Rd. lot: 37, Hillsville, VA 24343

    Contact for pricing
    0.40 AC lot

    Buildable lots with long-range views and community amenities.

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    Ararat, VA Residential Income Properties Market Trends and Statistics

    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 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
    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 $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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