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    2315 Old Forest Rd Lynchburg, VA 24501

    Under Contract
    For Sale
    $299,900

    Multi-Family - Lynchburg, VA

    Type:Multi Family
    Lot size:
    0.22 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 2315 Old Forest Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active Under Contract
    Zoning
    R3
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    16613014
    Parking features
    Paved or Surfaced
    Interior features
    Dryer Hookup, Smoke Alarm, Washer Hookup, Carpet, Fireplace
    Fireplace
    1
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Lot size
    0.22 Acres

    Utilities

    Cooling system
    Heat Pump

    Building Details

    Year built
    1973
    Number of units
    2
    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

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

    Listing agent John M Tatulli (434) 841-8405 License #0225176088

    Listing date Oct 28, 2025

    MLS# 362549 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 in Convenient Location

    This well-maintained duplex is situated in a convenient location on the bus route, offering quick access to the University of Lynchburg, restaurants, and shopping. The property features a new roof installed in 2024, new windows from 2012, and new vinyl railings and steps on the rear porch. The interiors have been recently painted, and the upper unit includes newer appliances. Newer heat pumps were installed in 2012 for the main unit and 2019 for the upper unit. Ready to rent, the property has a rental history of $1200 per month per unit. It offers the option to live in one unit and rent out the other. The location provides an easy commute to colleges and downtown attractions. Off-street parking is available in the rear. All existing appliances convey with the property. Unit measurements are available on floor plans in the images. The property is located in Lynchburg, VA, with a lot size of 0.221 acres.
    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 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
    -79.1956364
    Latitude
    37.4104911

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex near University of Lynchburg, ready to rent.
    Where is this duplex located?
    The property is located at 2315 Old Forest Rd Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Duplex: Live in one unit and rent the other for income.; - New Roof (2024).; - Excellent Rental History: Rented for $1200/month per unit.
    (434) 841-8405
    Request Owner's contact information
    2315 Old Forest Rd Lynchburg, VA 24501
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    Lynchburg, VA 24501
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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
    2315 Old Forest Rd Lynchburg, VA 24501
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