Lynchburg Multifamily Investment Opportunity

1200 Liggates Road, Lynchburg, VA 24502

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Pending

$1,050,000

MULTI_FAMILY - Lynchburg, VA

Property size:

10,692 SF

Lot size:

0.53 Acres

HighLights

Positive cash flow at full occupancy.
75% of units renovated since 2023 with updated flooring, paint, cabinets & counters, new windows, and new heat pumps.
New roof.
Shared common areas renovated (2025).
Centrally located in Lynchburg, close to Liberty University, restaurants, shopping and local amenities.
Coin‑operated shared laundry in basement for extra income.

We can help!

Listing Contact

Callie Reyes

Pending

$1,050,000

MULTI_FAMILY - Lynchburg, VA

Property size:

10,692 SF

Lot size:

0.53 Acres

Added:: Oct 29, 2025
Days on Market:: 236
Last Refresh:: Jun 21 at 5:06 am

Property Features for 1200 Liggates Road

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R4
Bedrooms: 3
Bathrooms: 2
Rooms: Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1
Parking features: Off Street, Parking Lot
Standard status: Pending
APN: 02909006
Size: 10,692 SF
Lot size: 0.53 Acres

Taxes and HOA fees

Tax Description: EDLEY, BLK 6, PT LOT 6
Tax Annual Amount: 5938

Utilities

Heating system: Heat Pump (Heating)
Cooling system: Heat Pump

Building Details

Year built: 1962
Number of units: 12

We can help!

Listing Contact

Callie Reyes

Listing agent Callie Reyes License #0225273134

Listing office Mark A. Dalton & Co., Inc. 504 Wyndhurst Dr., Ste. B, Lynchburg, VA

Listing date Oct 29, 2025

MLS# 362720 Listing URL

HighLights

Positive cash flow at full occupancy.
75% of units renovated since 2023 with updated flooring, paint, cabinets & counters, new windows, and new heat pumps.
New roof.
Shared common areas renovated (2025).
Centrally located in Lynchburg, close to Liberty University, restaurants, shopping and local amenities.
Coin‑operated shared laundry in basement for extra income.

Overview

This multifamily property in Lynchburg, Virginia, presents a prime investment opportunity. Located at 1200 Liggates Road, the property features two brick, two-story walk-up buildings with a basement. The property consists of 12 residential units and generates positive cash flow at full occupancy. Recent upgrades include renovations to 75% of the units since 2023, featuring updated flooring, paint, cabinets, and counters as needed, along with new windows and heat pumps. A new roof has also been installed. Shared common areas are slated for renovation in 2025. The basement includes a shared laundry facility that is coin operated for additional income. Ample parking is available. The property is centrally located in Lynchburg, close to Liberty University, restaurants, shopping, and local amenities. The property size is 10,692 square feet on a 0.525-acre lot.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$173.2k	$16.20
− Vacancy	−$18.9k	−$1.77
EGI	$154.3k	$14.43
− OpEx	−$69.4k	−$6.50
NOI	$84.9k	$7.94

10,692 SF · lease $16.20/SF/yr · vacancy 10.90% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,882 @ 7.0% cap · market cap 8.08%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.17M

$2.77M – $3.70M (±1% cap)

NOI $221,709 @ 7.0% cap · market cap 21.12%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Lynchburg
County: Lynchburg
State: Virginia
Longitude: -79.175458
Latitude: 37.386439

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For sale
Apartment buildings
VA
Lynchburg
24502
1200 Liggates Road

What type of property is this?

Apartment building - Two-building, 12-unit multifamily property in Lynchburg, Virginia.

Where is this apartment building located?

The property is located at 1200 Liggates Road Lynchburg, VA.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: Positive cash flow at full occupancy.; 75% of units renovated since 2023 with updated flooring, paint, cabinets & counters, new windows, and new heat pumps.; New roof.

1200 Liggates Road, Lynchburg, VA 24502

MULTI_FAMILY - Lynchburg, VA

Property Features for 1200 Liggates Road

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Machine Shop with Included Equipment

Lynchburg Commercial Building with Fenced Yard

Redeveloped Office Building on Fort

Lynchburg Commercial Property For Sale

Historic Beaux Arts Mixed-Use Property

Commercial Building on Timberlake Road

Historic Inn with Event Space

Lynchburg Multifamily Investment Opportunity

Lynchburg Multifamily Investment Opportunity

One-Story Warehouse with Paved Driveway

Office Flex Property with Parking

Multi-Room Office/Retail Building

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