$1,199,900
- 1,800 Sq Ft
14189 Franklin St, Ferrum, VA 24088
Stephen Floyd PROPERTY NAVIGATORS LLC
$1,199,900
14189 Franklin St, Ferrum, VA 24088
Stephen Floyd PROPERTY NAVIGATORS LLC
$3,500,000
2446 Deer Run Rd, Ferrum, VA 24088
Angie McGhee MKB, REALTORS(r) - FRANKLIN CO
Ferrum, Virginia, is a small town nestled in the Blue Ridge Mountains, blending a college town atmosphere with a rural feel. Anchored by Ferrum College, the town is known for its cultural events and Appalachian heritage. The Blue Ridge Institute and Museum and the annual Blue Ridge Folklife Festival highlight the region's traditions. Ferrum's real estate features log cabins, cottages, Cape Cods, and expansive ranches, with properties ranging from small lots near downtown to larger acreages further out. Education is served by Franklin County Public Schools, with Benjamin Franklin Middle School and Franklin County High School both receiving high ratings. Ferrum College, known for its environmental science program, also plays a significant role in the community. Outdoor recreation is abundant, with Philpot Lake offering swimming, fishing, and watersports, while Waid Recreation Park provides soccer fields, a disc golf course, and a boat ramp into the Pigg River. Local dining includes Seventy-Seven Restaurant and Jose’s Mexican Grill, with additional shopping and dining options available in nearby Rocky Mount, 10 miles away. State Route 40 is the main road connecting Ferrum to surrounding areas, including Roanoke, which is 34 miles away.
On average, homes in Ferrum, VA sell after 7 days on the market compared to the national average of 70 days. The median sale price for homes in Ferrum, VA over the last 12 months is $203,000, up 85% from the median home sale price over the previous 12 months.
In Ferrum, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $1,199,900 to $3,500,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Ferrum is $244,900, while the average sale price is $203,000, offering insights into the local housing market. On average, multi-family homes spend 7 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Ferrum, VA.