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    Ararat, VA Residential Income Properties for Sale

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    Ararat Multifamily Investment Opportunity
    Updated: Jul 16, 2024
    Ararat Multifamily Investment Opportunity

    81-302 Duplex Lane, Ararat, VA 24053

    $1,650,000
    17,786 sqft 16.00 AC lot
    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.
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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.

    Two-Home Residential Income Property
    Two-Home Residential Income Property

    148/158 Vaughns Mill Rd, Indian Valley, VA 24105

    $699,900
    5,327 sqft 5.00 AC lot

    Two updated homes on 5 acres, each with heat pumps, including screened and fenced outdoor space.

    View details
    Multifamily Property With Two Homes
    Multifamily Property With Two Homes

    148/158 Vaughns Mill Rd, Indian Valley, VA 24105

    $699,900
    5,327 sqft 5.00 AC lot

    Two updated residences on a five-acre property offer flexible space for multi-generational living or rental use.

    View details
    Residential Income Duplex Property
    Residential Income Duplex Property

    3407 Salem Hwy, Stuart, VA 24171

    Contact for pricing

    Larger income building on a level lot with a rear apartment and potential owner financing.

    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    100 Buena Vista Avenue, Stuart, VA 24171

    Contact for pricing

    Five units are currently occupied by long-term tenants in a town setting near everyday amenities.

    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.

    View details

    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%

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