Lynchburg County, VA Apartment buildings for sale

Updated: Apr 9

Lynchburg Multifamily Investment Opportunity

1664 Graves Mill Road, Lynchburg, VA 24502

$899,000

6,792 sqft 0.70 AC lot

Income‑producing 8‑plex generating $7,700 monthly
Prime location on Graves Mill Road with high traffic
Each unit features a desirable 2‑bedroom, 1‑bath layout
Strong rental history and consistent tenant demand
Located in a thriving commercial area with long‑term upside potential

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1664 Graves Mill Road, Lynchburg, VA 24502

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Est. Cap Rate

6%
Above avg (5.9%)
Est. NOI

$54K
Annual
Mortgage

$324K
Jun 2020
Last Sold

Apr 2023
$620K
Property Type

Apartment House
Built 1970

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Updated: Apr 8

Lynchburg Multifamily Investment Opportunity

1664 Graves Mill Road, Lynchburg, VA 24502

$899,000

6,792 sqft 0.70 AC lot

Income‑producing 8‑plex with 16 bedrooms and 8 full bathrooms
All 8 units feature 2 bedrooms and 1 full bath
Monthly income listed as $7,700
Heat pump heating and heat pump cooling
Year built: 1970

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Income-Producing 8-Plex Apartment Building

1664 Graves Mill Rd, Lynchburg, VA 24502

$899,000

6,792 sqft

Eight residential units generate monthly income with consistent 2-bedroom, 1-bath layouts for tenant-ready living.

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Mixed-Use Building with Development Potential

1703 Enterprise Dr, Lynchburg, VA

$1,800,000

6,278 sqft 0.14 AC lot

High-quality mixed-use building with supplemental development potential in desirable location.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Lynchburg County, VA, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Lynchburg County, VA Apartment Buildings Market Trends and Statistics

Explore 4 apartment buildings for sale in Lynchburg County, VA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 26,654 square feet of properties for sale, with an estimated market value of $4,497,000.

Sale prices for two-family homes in Lynchburg County, VA start at $899,000, averaging $1,124,250, and reaching up to $1,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.