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

    507 Victoria Ave Lynchburg, VA 24503

    Under Contract
    For Sale
    $239,900

    Multi-Family - Lynchburg, VA

    Type:Multi Family
    Lot size:
    0.09 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 12 at 12:06 am

    Property Features for 507 Victoria Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    Parking features
    On Street
    Interior features
    Cable Tv, Carpet, Porch
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
    Lot size
    0.09 Acres

    Utilities

    Utilities
    Cable Available
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1908
    Number of units
    2
    Flooring type
    Carpet, Laminate, Tile, Tile - Ceramic, Wood
    Architectural style
    Other

    John Stewart Walker, Inc. (434) 385-6655 [email protected]

    Listing agent Victoria E Bartholomew (434) 385-6655 License #0225211862

    Listing date Oct 23, 2025

    MLS# 362524 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

    Renovated Duplex in Rivermont

    Located on Victoria Avenue, this renovated duplex presents an investment opportunity. One unit features 4 bedrooms and 2 baths, while the other offers 3 bedrooms, a den, and 2 baths. The roof was replaced in 2018, and new green siding and gutters were installed in 2024. The back deck was replaced in 2020. Situated in lower Rivermont, the property is near ongoing renovations and a block away from local amenities such as Bacon Street Bagels, with downtown also easily accessible. The property is located on a quiet street. One side of the duplex features an updated main floor bath with a tile walk-in shower, and an updated kitchen. The lot size is 0.092 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
    -79.1505123
    Latitude
    37.4233496

    Nearby Similar for Sale

    • $3,200,000
      0.69 Acres

      Historical Tobacco Warehouse Opportunity

      Spacious warehouse with development potential in Downtown Lynchburg.
      107 13Th St, Lynchburg, VA 24504
      View Details
    • New
      $649,900
      0.62 Acres

      Lynchburg Mixed-Use Commercial Property

      High-visibility commercial property with office and residential income potential.
      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

    FAQs

    What type of property is this?
    Duplex - Charming, renovated duplex in prime Rivermont location, ideal for investment.
    Where is this duplex located?
    The property is located at 507 Victoria Ave Lynchburg, VA.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: - Duplex offers investment opportunity or owner-occupancy with rental income potential to offset mortgage.; - Prime location in lower Rivermont, walkable to amenities.; - Recently renovated with new siding and gutters (2024), roof (2018), and back deck (2020).
    (434) 385-6655
    Request Owner's contact information
    507 Victoria Ave Lynchburg, VA 24503
    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.
    507 Victoria Ave
    Lynchburg, VA 24503
    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
    507 Victoria Ave Lynchburg, VA 24503
    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.