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    2244 Memorial Ave Lynchburg, VA 24502

    For Sale
    $219,900

    Multi-Family - Lynchburg, VA

    Type:Multi Family
    Lot size:
    0.13 Acres
    Days on Market:
    49
    Last Refresh:
    Dec 7 at 9:06 pm

    Property Features for 2244 Memorial Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R3
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    Parking features
    On Street
    Interior features
    Dryer Hookup, Washer Hookup
    Appliances
    Range, Refrigerator
    Lot size
    0.13 Acres

    Utilities

    Cooling system
    Heat Pump

    Building Details

    Year built
    1923
    Number of units
    2
    Flooring type
    Vinyl, Wood
    Building materials
    Vinyl Siding
    Architectural style
    Other

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

    Listing agent Cody Smith (434) 534-9113 License #0225258817

    Listing date Oct 20, 2025

    MLS# 362638 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 Duplex Investment Opportunity

    This vacant duplex presents an investment opportunity near Liberty University and the University of Lynchburg. The property is move-in ready, allowing for immediate tenant placement at current market rents. Situated in one of Lynchburg's growing rental markets, this property is positioned for long-term appreciation and tenant stability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -79.1661044
    Latitude
    37.4054809

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    FAQs

    What type of property is this?
    Duplex - Vacant duplex near Liberty and University of Lynchburg, move-in ready.
    Where is this duplex located?
    The property is located at 2244 Memorial Ave Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: - Fully vacant duplex ready for immediate tenant placement at market rents.; - Excellent investment opportunity near Liberty & University of Lynchburg.; - Move-in ready condition for both units.
    (434) 534-9113
    Request Owner's contact information
    2244 Memorial Ave 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
    2244 Memorial Ave Lynchburg, VA 24502
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