Duplex Income
6000 Igloe Drive Lynchburg, VA 24502
For Sale
$309,900
MULTI_FAMILY - Lynchburg, VA
Property Size2,400 SF
Lot Size0.19 Acres
Price / SF$129.13
Days on Market56
Property Features for 6000 Igloe Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
Standard status
Active
Size
2,400 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
Igloe Ridge, Lot 9
Building Details
Year built
1996
Number of units
2
Listing Agency:
Re/Max 1st Olympic
(434) 832-1100
Listed By:
Nadine B Blakely · License #0225103715
(434) 841-7537
Added: Jun 3
Last Checked: Jul 28 at 2:06PM
MLS# 366869
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 features two units per building, with each unit rented separately. Both units offer two bedrooms, providing a straightforward layout for tenants seeking comfortable, self-contained living arrangements. The property is described as sturdy and is presented as a direct ownership opportunity for an investor or owner-occupant.
The asset is located conveniently to local colleges and Centra, supporting ongoing demand in the area. With separate rentals, the property can offer flexibility for buyers looking to manage income across two units rather than relying on a single tenant.
This configuration can fit buyers interested in low-complexity multifamily ownership with a consistent unit mix. Two-bedroom units are typically well suited to a range of residential tenants, including those looking to live near school and healthcare employment centers. Schedule a tour of Unit A and Unit B to review finishes, condition, and leasing details before making an investment decision.
The asset is located conveniently to local colleges and Centra, supporting ongoing demand in the area. With separate rentals, the property can offer flexibility for buyers looking to manage income across two units rather than relying on a single tenant.
This configuration can fit buyers interested in low-complexity multifamily ownership with a consistent unit mix. Two-bedroom units are typically well suited to a range of residential tenants, including those looking to live near school and healthcare employment centers. Schedule a tour of Unit A and Unit B to review finishes, condition, and leasing details before making an investment decision.
Key Highlights
- 1996‑built duplex with 2 units (2 units per building) rented separately
- Two‑bedroom layout per unit, with 2 bedrooms in each unit
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 | $33.1k | $13.80 |
| − Vacancy | −$3.4k | −$1.43 |
| EGI | $29.7k | $12.37 |
| − OpEx | −$8.9k | −$3.71 |
| NOI | $20.8k | $8.66 |
2,400 SF · lease $13.80/SF/yr · vacancy 10.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.9K
$259.8K – $346.4K
NOI $20,782 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$272.2K
$238.2K – $317.6K
NOI $19,053 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$710.9K
$622.1K – $829.4K
NOI $49,766 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Sturdy two-unit duplex with two bedrooms per unit, offering separate rental income in a college-accessible area.
Where is this duplex located?
The property is located at 6000 Igloe Drive Lynchburg, VA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 1996‑built duplex with 2 units (2 units per building) rented separately; Two‑bedroom layout per unit, with 2 bedrooms in each unit
