5918 N Lee Hwy Fairfield, VA 24435
Estimated payment $2,644/month
Highlights
- 6.29 Acre Lot
- Central Air
- Electric Baseboard Heater
- No HOA
About This Home
INVESTMENT OPPORTUNITY: 8-unit residential rental portfolio centrally located in Fairfield, VA at I-81 exit 200 provides strong cash flow and high long-term occupancy. Over $47,000 of annual in-place rent with potential upside to rents with improvements. Three separate tax map parcels totaling 6.29 acres with long frontage on U.S. Rt. 11 provides exciting future redevelopment potential. The portfolio is comprised of the ''Black and White Cabins'' property, featuring one single family cabin and two duplexes, and the ''Conners'' property, offering a large single family brick residence and two singlewide manufactured homes. Property is sold AS IS with qualified buyers strongly encouraged to conduct due diligence prior to a contract.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,021
Year Built
- Built in 1930
Lot Details
- 6.29 Acre Lot
- Property fronts a highway
Home Design
- 10,323 Sq Ft Home
Bedrooms and Bathrooms
- 17 Bedrooms
- 12 Full Bathrooms
Location
- Flood Zone Lot
Schools
- Fairfield Elementary School
- Maury River Middle School
- Rockbridge Co High School
Utilities
- Central Air
- No Cooling
- Electric Baseboard Heater
- Heating System Uses Oil
- Well
- Septic System
Community Details
- No Home Owners Association
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 39-9-1 39-9-1A; 39-9-2
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,174 | $192,500 | $40,000 | $152,500 |
| 2023 | $1,174 | $192,500 | $40,000 | $152,500 |
| 2022 | $1,116 | $150,800 | $37,000 | $113,800 |
| 2021 | $1,116 | $150,800 | $37,000 | $113,800 |
| 2020 | $1,116 | $150,800 | $37,000 | $113,800 |
| 2019 | $1,101 | $150,800 | $37,000 | $113,800 |
| 2018 | $1,056 | $150,800 | $37,000 | $113,800 |
| 2017 | $1,056 | $150,800 | $37,000 | $113,800 |
| 2016 | $1,347 | $183,300 | $47,000 | $136,300 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | Pending | -- | -- | -- |
| 07/21/2025 07/21/25 | For Sale | $449,000 | +349.0% | $43 / Sq Ft |
| 09/07/2012 09/07/12 | Sold | $100,000 | -54.1% | $34 / Sq Ft |
| 08/08/2012 08/08/12 | Pending | -- | -- | -- |
| 02/19/2011 02/19/11 | For Sale | $218,000 | -- | $75 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $100,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $113,000 | Unknown |
Source: Rockbridge Highlands REALTORS®
MLS Number: 139420
APN: 39-9-1
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