#358839, Schyler C Higgins, Listing office: Cornerstone Realty Group Inc.
Property details
About 2278 Otey St
Great Investment Opportunity. This four-unit package includes a multi-family building and a single-family home (2530 Morson Street). Fully rented with long-term tenants in place. Conveniently located near shopping, dining, and major roadways, this property offers steady cash flow and investment potential. Square footage is estimated to be all 4 units. Photos reflect unit #2 at latest vacancy. A great addition to any portfolio with immediate rental income and room for future growth.
Highlights
Home typeMulti Family
HeatingForced Air
StatusActive
CoolingWindow Unit(s)
Size1,786 sqft
Lot size0.23 Acres
Year built1900
ParkingOff Street Parking
MLS #357477
Summary
- Flooring Type: Vinyl, Wood Floors
- Parking: Off Street Parking
- Heating: Forced Air
- Cooling: Window Unit(s)
- List Price: $179,900
- Price/SqFt: $100
- HOA Amount: $0
- Annual Tax Amount: $1,262
- Tax Year: 2024
- Directions: 29 to Campbell Avenue to Otey Street, Home on left
- Year Built: 1900
- Living Area: 1,786 SqFt
- Lot Size: 0.23 Acres
- MLS Number: 357477
- MLS Name: Lynchburg
- Office Name: Blackwater Property Management and Realty
- Office Phone: (434) 660-9092
- Listing Agent: James Enoch
Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/6/2025, 5:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 02, 2022 | Home Sold | $140,000 |
| Feb 08, 2018 | Home Sold | $55,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $141,900 | $1,262 |
| 2023 | $141,900 | $1,262 |
| 2022 | $136,500 | $1,515 |
| 2021 | $136,500 | $1,515 |
| 2020 | $134,100 | $1,488 |
| 2019 | $134,100 | $1,488 |
| 2018 | $134,100 | $1,488 |
| 2017 | $134,100 | $1,488 |
History based on county public records data.
Nearby schools
6
William M. Bass Elementary School
Public District KG-5
0.5 mi
•1730 Seabury Ave
2
R. S. Payne Elementary School
Public District PK-5
0.9 mi
•1201 Floyd St
3
T. C. Miller Elementary School
Public Magnet KG-5
1.0 mi
•600 Mansfield Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,257. The most common annual income of people living in Lynchburg, VA is less than $<35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
63%
<35k
31%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
48%
Single, No Kids
21%
Single, with Kids
19%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
42%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Pro Boxing
Horse Races
Where do the neighbors shop?
Big Lots
Family Dollar
Stein Mart
Where do the neighbors go to eat?
Golden Corral
White Castle
LongHorn Steakhouse
What do the neighbors drive?
Kia
Chevrolet
Buick
What do the neighbors listen to?
Adult Standards
Rock
Contemporary Inspirational
All data provided by Home Junction and Claritas
Similar homes for sale
#356380, Schyler C Higgins, Listing office: Cornerstone Realty Group Inc
#360184, Richie Sparrow, Listing office: Cornerstone Realty Group Inc.
#355847, Michael P McGorman, Listing office: Mark A. Dalton & Co., Inc.
#360092, Kandise Powell, Listing office: Heart of Virginia Realty
4 days on Rocket
#360349, DeLexis Brown, Listing office: Berkshire Hathaway HomeServices Dawson Ford Garbee & Co., REALTORS®-Forest
Frequently asked questions
About 2278 Otey St
The listing price of 2278 Otey St property is $179,900.
The property 2278 Otey St is a multi located in Lynchburg, Virginia, 24501.
Active Listing: 2278 Otey St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2278 Otey St are: William M. Bass Elementary School (GreatSchools Rating 6/10), R. S. Payne Elementary School (GreatSchools Rating 2/10), T. C. Miller Elementary School (GreatSchools Rating 3/10), P. L. Dunbar Middle School (GreatSchools Rating 4/10), Linkhorne Middle School (GreatSchools Rating 2/10), Sandusky Middle School (GreatSchools Rating 3/10), E. C. Glass High School (GreatSchools Rating 3/10), Heritage High School (GreatSchools Rating 2/10), Brookville High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $1,262 (source: MLS/based on county public records data).
The last sale was on June 2, 2022 for $140,000 (source: MLS/tax record).
The property 2278 Otey St is 1,786 SqFt (source: MLS/tax record).
The year of construction for 2278 Otey St is 1900.
This home is located at 2278 Otey St in Lynchburg, VA and zip code 24501 in the Fairview Heights neighborhood. This 1,786 square foot home, which was built in 1900, sits on a 0.23 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since February 27, 2025 and is currently priced at $179,900.
While more than 47 listings in Lynchburg, VA in June 2025 were sold above asking price, there were more than 44 listings sold at asking price, and more than 42 were sold below. In June 2025 in Lynchburg, VA there were 0.4% less homes for sale than in May. In June 2025, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $285,000.
From Rocket Homes Real Estate and based on county public records data.