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    1200 Liggates Rd Lynchburg, VA 24502

    For Sale
    $1,200,000

    Multi-Family - Lynchburg, VA

    Type:Multi Family
    Lot size:
    0.53 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 1200 Liggates Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R4
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    02909006
    Parking features
    Parking Lot, Paved or Surfaced
    Lot size
    0.53 Acres

    Utilities

    Cooling system
    Heat Pump

    Building Details

    Year built
    1962
    Number of units
    12
    Flooring type
    Vinyl
    Building materials
    Brick
    Architectural style
    Other

    Mark A. Dalton & Co., Inc. (434) 237-6267 [email protected]

    Listing agent Callie Reyes (434) 841-8405 License #0225273134

    Listing date Oct 29, 2025

    MLS# 362720 Listing URL

    Copyright © 2025 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lynchburg Multifamily Investment Opportunity

    This multifamily property in Lynchburg presents an investment opportunity. The property consists of two buildings with a total of 12 residential units. The buildings are of brick construction and two stories in height, with a basement. The property is located at 1200 Liggates Rd and is currently generating positive cash flow at full occupancy. Recent upgrades include renovations to 75% of the units since 2023, featuring updated flooring, paint, cabinets, and counters as needed, along with new windows and heat pumps. A new roof has also been installed. Shared common areas are scheduled for renovation in 2025. A coin-operated laundry facility is located in the basement, providing an additional income stream. Ample parking is available. The property is centrally located in Lynchburg, with proximity to Liberty University, restaurants, shopping, and local amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.1753567
    Latitude
    37.3863217

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 12-unit multifamily property in Lynchburg, generating positive cash flow.
    Where is this apartment building located?
    The property is located at 1200 Liggates Rd Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Positive cash flow at full occupancy.; - 75% of units renovated since 2023 with updated flooring, paint, cabinets & counters, new windows, and new heat pumps.; - New roof.
    (434) 841-8405
    Request Owner's contact information
    1200 Liggates Rd Lynchburg, VA 24502
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    Lynchburg, VA 24502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1200 Liggates Rd Lynchburg, VA 24502
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