Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1513 Polk St Lynchburg, VA 24504

    Sponsored
    For Sale
    $179,900

    Multi-Family - Lynchburg, VA

    Type:Multi Family
    Lot size:
    0.15 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 10 at 12:06 pm

    Property Features for 1513 Polk St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    02533005
    Parking features
    Paved or Surfaced
    Appliances
    Range, Refrigerator
    Lot size
    0.15 Acres

    Building Details

    Year built
    1855
    Number of units
    3
    Flooring type
    Carpet, Wood
    Building materials
    Other
    Architectural style
    Other

    The Realty Group Lynchburg dba Keller Williams (434) 534-9113 [email protected]

    Listing agent Stacy Powell (434) 534-9113 License #0225225057

    Listing date Dec 31, 2025

    MLS# 363704 Listing URL

    Copyright © 2026 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

    Fully Leased Triplex Investment Opportunity

    This fully leased triplex in Lynchburg, VA, offers a strong investment opportunity with immediate cash flow. The property features three units, all of which are currently occupied, providing income diversity and stability. Major capital improvements have been completed, including a new 20-year architectural shingle roof on both the front and rear sections of the building, along with brand-new gutters and downspouts. The foundation has been professionally addressed with repointing and new footers added in select areas. Unit #3 features a fully renovated bathroom and a new mini-split system installed in 2025, adding modern comfort and efficiency. The gross rent is $1,945, with individual unit rents staggered: Unit #1 at $510, Unit #2 at $685, and Unit #3 at $750. The property is located at 1513 Polk Street, Lynchburg, VA 24504, in Lynchburg County and has a lot size of 0.146 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg
    State
    Virginia
    Longitude
    -79.1450684
    Latitude
    37.4054366

    Nearby Similar for Sale

    • $2,900,000
      0.69 Acres

      Historic Tobacco Warehouse Opportunity

      Spacious warehouse in downtown Lynchburg with development potential.
      107 13Th St, Lynchburg, VA 24504
      View Details
    • $599,900
      0.62 Acres

      Lynchburg Commercial Property with Residence

      High-visibility commercial space with residential rental or living opportunity.
      155 Laxton Rd, Lynchburg, VA 24502
      View Details
    • $359,900
      0.25 Acres

      Renovated Office with Apartment

      Charming renovated office with a basement apartment for rent.
      1049 Claymont Dr, Lynchburg, VA 24503
      View Details
    • $269,900
      0.14 Acres

      Versatile Income-Friendly Fort Hill Property

      Fort Hill multi-family property with rental income potential.
      223 Warren Ave, Lynchburg, VA 24501
      View Details
    • $189,900
      0.12 Acres

      Lynchburg Duplex Investment Opportunity

      Well-maintained duplex in Lynchburg with renovated unit and new roof.
      2228 Tulip St, Lynchburg, VA 24504
      View Details
    • $369,000
      0.09 Acres

      Rivermont Historic District Commercial Storefront

      Commercial storefront in Lynchburg's Rivermont historic district with ample office space.
      1214 Rivermont Ave, Lynchburg, VA 24504
      View Details
    • New
      $1,200,000
      0.53 Acres

      Lynchburg Multifamily Investment Opportunity

      Well-maintained 12-unit multifamily property in Lynchburg, generating positive cash flow.
      1200 Liggates Rd, Lynchburg, VA 24502
      View Details
    • $174,900
      2,176 SF

      Rivermont Home with Income Potential

      Classic Lynchburg home with separate apartment and updated features.
      1208 Dearing St, Lynchburg, VA 24503
      View Details
    • New
      $245,000
      0.05 Acres

      Updated Townhomes in Lynchburg, VA

      Charming, updated townhomes with recent upgrades and low-maintenance living.
      3501 Fort Ave, Lynchburg, VA 24501
      View Details
    • $179,000
      0.17 Acres

      Lynchburg Multi-Family Investment Opportunity

      Multi-family property near Downtown Lynchburg, ideal for investors.
      48 Easton Ave, Lynchburg, VA 24503
      View Details
    • New
      $249,900
      0.25 Acres

      Versatile Warehouse in Lynchburg, VA

      Spacious warehouse with open floor plan, ideal for commercial use.
      2300 Fort Ave, Lynchburg, VA 24501
      View Details
    • $299,900
      0.27 Acres

      Lynchburg Commercial/Industrial Investment Opportunity

      Office building on 221, potential for business conversion.
      1401 Lakeside Dr, Lynchburg, VA 24501
      View Details

    FAQs

    What type of property is this?
    Triplex - Fully leased triplex with staggered rents and recent capital improvements.
    Where is this triplex located?
    The property is located at 1513 Polk St Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - Fully leased triplex providing immediate cash flow.; - New 20-year architectural shingle roof, gutters, and downspouts.; - Foundation professionally repaired with repointing and new footers.
    (434) 534-9113
    Request Owner's contact information
    1513 Polk St Lynchburg, VA 24504
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1513 Polk St
    Lynchburg, VA 24504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1513 Polk St Lynchburg, VA 24504
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.