$10,000 Closing Credit¹
#358673, Marty Donovan, Listing Office: Lauren Bell Real Estate, Inc.
$1,790,000 List price
Address not disclosed - MLS#359360 Lynchburg, VA 24501
$10,000
Closing credit¹
0.07 acres
Multi-Family
Property details
About This Home
Unlock the potential of this exceptional real estate portfolio featuring a total of 14 doors, including multi-family, commercial, and single-family homes. With multiple years remaining on the tax abatement program, youll enjoy higher-than-normal cash flow. Almost all single-family homes have been updated within the last three years but several units present excellent opportunity for further upgrades, increasing your return on investment. All units are currently occupied, most are long-term tenants with housing vouchers ensuring guaranteed consistent income. An amazing opportunity for experienced savvy investors.
Highlights
Home typeMulti Family
HeatingBaseboard, Forced Air, Heat Pump, Hot Water, Electric, Hot Water, Gas, Other
StatusActive
CoolingHeat Pump, Window Unit(s)
Lot size0.07 Acres
Year built1903
ParkingGarage-Single, Off Street Parking, On-Street, Unpaved Drive, Other
MLS #359360
Summary
- Flooring Type: Carpet, Ceramic Tile, Vinyl, Wood Floors
- Parking: Garage-Single, Off Street Parking, On-Street, Unpaved Drive, Other
- Heating: Baseboard, Forced Air, Heat Pump, Hot Water, Electric, Hot Water, Gas, Other
- Cooling: Heat Pump, Window Unit(s)
- List Price: $1,790,000
- HOA Amount: $0
- Annual Tax Amount: $505
- Tax Year: 2024
- Year Built: 1903
- Lot Size: 0.07 Acres
- MLS Number: 359360
- MLS Name: Lynchburg
- Office Name: Keller Williams
- Office Phone: (434) 534-9113
- Listing Agent: Jamey Parks
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: 5/22/2025, 2:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,790,000
Address not disclosed
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 16, 2018 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $56,800 | $505 |
| 2023 | $56,800 | $505 |
| 2022 | $56,800 | $630 |
| 2021 | $56,800 | $630 |
| 2020 | $49,800 | $552 |
| 2019 | $49,800 | $437 |
| 2018 | $39,400 | $437 |
| 2017 | $39,400 | $437 |
History based on county public records data.
Nearby schools
2
R. S. Payne Elementary School
Public District PK-5
0.2 mi
•1201 Floyd St
6
Dearington Elementary School
Public Magnet KG-5
0.6 mi
•210 Smyth St
3
T. C. Miller Elementary School
Public Magnet KG-5
0.9 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 $17,115. The most common annual income of people living in Lynchburg, VA is less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
69%
<35k
28%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
58%
Single, No Kids
25%
Single, with Kids
9%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
11%
12-17 yrs old
21%
18-34 yrs old
41%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Church's Chicken
Golden Corral
What do the neighbors drive?
Buick
Cadillac
Kia
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
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Features: 0 bathroom. It has been listed on Rocket Homes since May 22, 2025 and is currently priced at $1,790,000.
Lynchburg, VA housing market in April 2025 saw over 28 listings sold above listed price, more than 29 sold at listed price and over 47 sold below. The number of listings in Lynchburg, VA increased by 7.5% between March and April 2025. While the average time on the market in April 2025 was 45 days, the median list price was $284,606.
From Rocket Homes Real Estate and based on county public records data.