Residential Income

Forest, VA Residential Income Properties for Sale

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Lynchburg, VA Evington, VA Goode, VA Rustburg, VA Madison Heights, VA Bedford, VA Monroe, VA Amherst, VA
Two-Unit Duplex with Updated HVAC
Updated: Jul 15
Two-Unit Duplex with Updated HVAC

289 Independence Circle, Forest, VA 24551

$265,000
1,850 sqft 0.46 AC lot
Two‑unit duplex with 1,850 square feet on a 0.459‑acre lot
Unit A lease runs through February 1, 2027; Unit B lease runs through September 30, 2026
Established occupants with approximately 24 and 15 years of tenancy
Roof replaced by Cenvar in August 2015
Unit A HVAC replaced in 2018 and Unit B HVAC replaced in 2019
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Multifamily Property
Updated: Jul 18
Multifamily Property

289 Independence Circle, Forest, VA 24551

$285,000
1,850 sqft
Multifamily property at 289 Independence Circle, Forest, VA 24551
1,850 recorded property size
Built in 1979
Offered for sale
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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Forest, 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.

Furnished 2-Unit Duplex
Furnished 2-Unit Duplex

121 Northwynd Circle, Lynchburg, VA 24502

$554,900
3,516 sqft 0.06 AC lot

Two furnished residences with established rental use, off-street parking, and convenient access to restaurants, coffee shops, salons, and spas.

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Furnished Duplex Near Amenities
Furnished Duplex Near Amenities

121 Northwynd Cir, Lynchburg, VA 24502

$559,900
3,516 sqft

Two furnished units with established rental use in the Wyndhurst community.

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Office-Converted Front with Rear Residence
Office-Converted Front with Rear Residence

155 Laxton Road, Lynchburg, VA 24502

$300,000
2,599 sqft 0.62 AC lot

Front office-converted structure with a separate 2-bed home on one lot for live-work or rental flexibility.

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Commercial/Indust, Evington, VA
Commercial/Indust, Evington, VA

2551 Sunburst Road, Evington, VA 24550

$456,500
2,418 sqft 3.12 AC lot

Commercial land · 2,418 SF

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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.

Equestrian Lot with Panoramic Views
Equestrian Lot with Panoramic Views

Doyles Run, Forest, VA 24551

$179,900
6.44 AC lot

6.44-acre lot with equestrian potential and scenic views.

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Land in Bedford County
Land in Bedford County

1620 Everett, Forest, VA 24551

$249,900
3.00 AC lot

Three-acre lot with road frontage and subdividing potential.

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Goode, VA Land Opportunity
Goode, VA Land Opportunity

7-8 Cifax Road, Goode, VA 24556

$75,000
2.29 AC lot

2.29 acres of land suitable for residential development.

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Townhome Pad in Augusta Springs
Townhome Pad in Augusta Springs

0-Block 1 Zion Place, Rustburg, VA 24588

$630,000
0.48 AC lot

0.482 acre townhome pad in Rustburg, Virginia.

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Forest, VA Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Forest, VA on our real estate platform. These investment opportunities span a total of 3,700 square feet of properties for sale, with an estimated market value of $550,000.

Sale prices for residential investment properties in Forest, VA start at $265,000, averaging $275,000, and reaching up to $285,000 — 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

Multifamily properties 2
Duplexes 1

Demographics Overview

Population 28K
Population Growth (5Y) +11.0%
Median Household Income $91,119
College Educated 66.0%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
24551 $285K

Taxes & Financing

Tax Rate (average for all types) 0.75%
Property Tax per SF $19.15 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 Bedford County

New Delisted

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