7 days on Rocket
$2,541 Closing Credit¹
#358740, Ellissa G Bowen, Listing Office: Mark A. Dalton & Co., Inc.
$210,000 List price
714 Madison St Lynchburg, VA 24504
$2,494
Closing credit¹
2,339 sqft
0.1 acres
$90 / sqft
Multi-Family
Property details
About 714 Madison St
Duplex Investment Opportunity - Great Potential! This side-by-side duplex is a fantastic investment opportunity with strong rental potential. Whether youre looking to expand your portfolio or live in one unit while renting out the other, this property offers versatility and value. Each unit offers 3 bedrooms and 1 bathroom with a convenient and functional layout. Duel zoned utilities, allowing for easy management. While the property is move-in ready, it does offer the chance to add your own updates and improvements to increase value over time. Located in a convenient location to both Liberty University and Lynchburg University it is a great choice for those looking to build equity. Reach out schedule a showing!
Highlights
Home typeMulti Family
HeatingHeat Pump
StatusActive
CoolingHeat Pump
Size2,339 sqft
Lot size0.14 Acres
Year built1880
MLS #357985
Summary
- Flooring Type: Ceramic Tile, Wood Floors
- Heating: Heat Pump
- Cooling: Heat Pump
- List Price: $210,000
- Price/SqFt: $89
- Annual Tax Amount: $1,220
- Tax Year: 2024
- Directions: Use GPS locator; Fifth Street to Madison.
- Year Built: 1880
- Living Area: 2,339 SqFt
- Lot Size: 0.14 Acres
- MLS Number: 357985
- MLS Name: Lynchburg
- Office Name: Keller Williams
- Office Phone: (434) 534-9113
- Listing Agent: Stephen J Acree
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: 4/30/2025, 5:20:54 AM 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
$210,000
714 Madison St
$2,494
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 25, 2014 | Home Sold | $94,400 |
| Apr 19, 2006 | Home Sold | $40,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $137,100 | $1,220 |
| 2023 | $137,100 | $1,220 |
| 2022 | $108,900 | $1,208 |
| 2021 | $108,900 | $1,208 |
| 2020 | $87,000 | $547 |
| 2019 | $87,000 | $547 |
| 2018 | $87,000 | $547 |
| 2017 | $87,000 | $547 |
History based on county public records data.
Nearby schools
2
R. S. Payne Elementary School
Public District PK-5
0.6 mi
•1201 Floyd St
6
Dearington Elementary School
Public Magnet KG-5
0.9 mi
•210 Smyth St
4
Madison Heights Elementary School
Public District PK-5
1.4 mi
•287 Learning Ln
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 $12,156. Residents of Lynchburg, VA typically earn less than $<35k each year. 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?
80%
<35k
8%
35k-100k
11%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
47%
Single, No Kids
35%
Single, with Kids
13%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
6%
12-17 yrs old
35%
18-34 yrs old
38%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Church's Chicken
Popeyes
What do the neighbors drive?
Buick
Cadillac
Dodge
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
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This home is located at 714 Madison St in Lynchburg, VA and zip code 24504 in the College Hill neighborhood. This 2,339 square foot home, which was built in 1880, sits on a 0.14 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 23, 2025 and is currently priced at $210,000.
In March 2025, from all listings sold in Lynchburg, VA there were more than 24 sold above asking price, over 42 sold below and more than 33 were sold right at the asked price. The inventory of homes for sale in Lynchburg, VA between February and March 2025 increased by 17.3%. The median list price of listings available in March 2025 was $283,462, while the average time on the real estate market was 43 days.
From Rocket Homes Real Estate and based on county public records data.