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Ararat, VA Multifamily Home for Sale

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    $1,650,000

    • 17,786 Sq Ft

    81 Duplex Ln, Ararat, VA 24053

    Discover a prime investment opportunity in the Ararat community of Patrick County, just minutes from the City of Mt. Airy, NC. This property includes three brick ranch homes and 16 duplexes, each equipped with a range, refrigerator, washer, and dryer. In 2020, all units received new roofs and gutters, along with numerous updated heat pumps and other improvements. The three brick ranch homes each

    Edd Martin EDD MARTIN AND ASSOCIATES REAL ESTATE

    81 Duplex Ln, Ararat, VA 24053

Why Live in Ararat

Ararat, Virginia, is a rural community characterized by its hilly terrain and spacious properties, located near the North Carolina state line. Residents enjoy a close-knit atmosphere, often connecting through local forums to share updates and events. The area is known for its roomy lots ranging from 1 to 5 acres, featuring ranch homes and Colonial Revivals, with cabins and cottages nestled among wooded areas. Ararat boasts a crime rate significantly lower than the national average, providing a sense of security for its residents. For those seeking things to do, Dan River Park offers recreational activities such as youth baseball games, movie screenings, and various sports facilities. The Ararat BullRing provides weekend entertainment with stock car races on its dirt track. While hiking trails are sparse within Ararat, nearby communities offer ample opportunities for outdoor enthusiasts. Blue Ridge Elementary serves local children with high ratings, while older students attend Patrick County High School, known for its diverse sports programs. Dining options include the Red Rooster Cafe, housed in the original post office, and Boyd’s Restaurant, offering comfort food. Local orchards and the Willis Gap General Store provide fresh produce and essentials. For broader shopping needs, residents travel to nearby Stuart or Mount Airy, which also offers cultural attractions linked to Andy Griffith. Ararat is accessible via Virginia state Route 773 and is conveniently located near Interstate 77, connecting to major routes throughout Virginia and North Carolina.

Home Trends in Ararat, VA

Housing Trends

Median Sale Price
$265,000
Median Single Family Sale Price
$329,000
Average Price Per Sq Ft
$153
Number of Homes for Sale
3
Last 12 months Home Sales
15
Months of Supply
2.40
Median List Price
$260,999
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%
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