Duplex with Off-Street
New
For Sale
$279,900
50-52 Village Road, Lynchburg, VA 24502
MULTI_FAMILY - Lynchburg, VA
Property Size1,820 SF
Lot Size0.37 Acres
Price / SF$153.79
Days on Market3
Property Features for 50-52 Village Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Parking features
Off Street
Elementary school
Heritage Elem
Middle school
Sandusky Midl
High school
Heritage High
Elementary school district
Lynchburg
Middle school district
Lynchburg
High school district
Lynchburg
Directions
From Timberlake Rd, turn onto Leesville Rd. In half a mile, turn left onto Village Rd. Property on the right.
Subdivision
Lynchburg
Standard status
Active
APN
25501002
Size
1,820 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
BROOKVILLE VILLAGE, SEC 2, LOT 6
Tax Annual Amount
1612
Legal Description
BROOKVILLE VILLAGE, SEC 2, LOT 6
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1975
Number of units
2
Listing Agency:
Berkshire Hathaway HomeServices Dawson Ford Garbee & Co., REALTORS(R)-Forest
(434) 455-4777
Listed By:
Jonathan McKinney
(434) 455-4777
Added: Aug 3
Last Checked: Aug 5 at 4:06PM
MLS# 368397
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.
Investment Insights
Based on property information with market context.
This duplex contains 1,820 square feet on a 0.37-acre lot and was built in 1975. The property includes two bathrooms and three bedrooms identified in the listing data, with heat pump systems serving both heating and cooling needs. Off-street parking is provided.
The property is located in Lynchburg, VA, minutes from Wards Road, Liberty University, shopping, dining, schools, parks, healthcare, and major employers. R-1 zoning applies to the site. Its two-unit configuration supports residential rental use, with the option to occupy one unit while leasing the other as described in the property information.
The property is located in Lynchburg, VA, minutes from Wards Road, Liberty University, shopping, dining, schools, parks, healthcare, and major employers. R-1 zoning applies to the site. Its two-unit configuration supports residential rental use, with the option to occupy one unit while leasing the other as described in the property information.
Key Highlights
- Duplex configuration with 1,820 square feet
- 0.37‑acre lot in Lynchburg, VA
- R‑1 zoning
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $13.80 |
| − Vacancy | −$2.6k | −$1.43 |
| EGI | $22.5k | $12.37 |
| − OpEx | −$6.8k | −$3.71 |
| NOI | $15.8k | $8.66 |
1,820 SF · lease $13.80/SF/yr · vacancy 10.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$225.1K
$197.0K – $262.7K
NOI $15,760 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$206.4K
$180.6K – $240.8K
NOI $14,449 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$539.1K
$471.8K – $629.0K
NOI $37,740 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 24502, VA
41,058
Population
18,576
Households
2.2
Avg Household Size
36
Median Age
39%
College-Educated
92%
High-School Grad
29.9 sq mi
ZIP Area
1,373
Density / Sq Mi
$66,027
Median Household Income
$35,923
Median Earnings
$1,166
Median Rent
$214,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with heat pump systems, off-street parking, and R-1 zoning.
Where is this duplex located?
The property is located at 50-52 Village Road Lynchburg, VA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Duplex configuration with 1,820 square feet; 0.37‑acre lot in Lynchburg, VA; R‑1 zoning
