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.
For sale
$449,000
5918-5938 N Lee Hwy, Fairfield, VA 24435
17beds
12baths
10,323sqft
Est.:
Multi Family
Built in 1930
-- sqft lot
$412,200 Zestimate®
$43/sqft
$-- HOA
What's special
- 22 days
- on Zillow |
- 1,261 |
- 82 |
Zillow last checked: 7 hours ago
Listing updated: July 21, 2025 at 07:39am
Listed by:
Will Moore 540-460-4602,
James Wm. Moore Real Estate Co.
Source: Rockbridge Highlands REALTORS®,MLS#: 139420

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 12
Heating
- Baseboard Electric, Oil
Cooling
- Central Air, None
Interior area
- Total structure area: 10,323
- Total interior livable area: 10,323 sqft
Property
Lot
- Size: 6.29 Acres
- Features: Other
Details
- Zoning description: Agricultural
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Existing Septic
- Water: Well
Community & HOA
Location
- Region: Fairfield
Financial & listing details
- Price per square foot: $43/sqft
- Annual tax amount: $3,021
- Date on market: 7/21/2025
- Lease term: Month To Month
- Road surface type: Paved
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