+11 more
/ 16
+6
$449,000
17 bd
11 ba
5918-5938 N Lee Highway
Fairfield, VA 24435
Sold
87 days on market
Property Type
Multi-Family
Year Built
1930
Lot Size
6.29 acres
Garage
—
About This Property
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
Interior
- Bedrooms
- 17
- Bathrooms
- 11
Exterior & Lot
- Lot Size
- 6.29 acres
- Year Built
- 1930
Location
- County
- Rockbridge
- ZIP Code
- 24435
Financial
- Annual Taxes
- $3,021
Utilities
- Sewer
- Existing Septic
Schools
- Elementary
- Fairfield
- Middle School
- Maury River
- High School
- Rockbridge Co
Heating
Baseboard Electric, Oil
Cooling
Central, None
Listing Information
- MLS #
- 139420
- Listing Agent
- Will Moore
- Listing Office
- James Wm. Moore Real Estate Co.
- Listed Date
- Jul 8, 2026
Contact Megan Eberle About This Property
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