Furnished 2-Unit
New
For Sale
$559,900
121 Northwynd Circle, Lynchburg, VA 24502
Multi-Family, Lynchburg, VA
Property Size3,516 SF
Lot Size0.06 Acres
Price / SF$159.24
Days on Market3
Property Features for 121 Northwynd Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 2
Parking features
Parking Lot, Off Street
Subdivision
Wyndhurst Town Center
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
In the Wyndhurst Development on Northwynd Circle off of Enterprise Drive.
Standard status
Active
APN
25020058
Size
3,516 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
CITY PLACE & WYNDHAM @ WYNDHURST
Tax Annual Amount
3913
HOA Fee
$155 Monthly
Legal Description
CITY PLACE & WYNDHAM @ WYNDHURST
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
2004
Number of units
2
Listing Agency:
Mark A. Dalton & Co., Inc.
(434) 841-8405
Listed By:
David Morris
(434) 237-6267
Added: Sep 17
Last Checked: Sep 19 at 6:06PM
MLS# 369273
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.
Located at 121 Northwynd Circle in Lynchburg, this duplex contains two furnished residential units within a 3,516-square-foot property. Built in 2004, the building has a documented history of rental use and is equipped with heat-pump heating and cooling. Parking is provided through a parking lot and off-street spaces.
The property sits in the Wyndhurst community, with restaurants, coffee shops, salons, and spas within walking distance. Its two-unit layout supports continued residential rental use or owner occupancy of one unit while retaining the second as a separate residence.
The property sits in the Wyndhurst community, with restaurants, coffee shops, salons, and spas within walking distance. Its two-unit layout supports continued residential rental use or owner occupancy of one unit while retaining the second as a separate residence.
Key Highlights
- Two‑unit duplex at 121 Northwynd Circle, Lynchburg, VA 24502
- 3,516 square feet of property size
- Both units are sold furnished
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,920
$608.9K
Cap Rate 7%
$434,943
$434.9K
Cap Rate 9%
$338,289
$338.3K
Market Conditions
NOI Build-Up for 3,516 SF
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.
Gross rent
$48.5K $13.80/SF
− Vacancy
−$5.0K −$1.43/SF
EGI
$43.5K $12.37/SF
− OpEx
−$13.0K −$3.71/SF
NOI
$30.4K $8.66/SF
Area
Lynchburg County, VA
Vacancy
10.36%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,920
Cap Rate 7%
$434,943
Cap Rate 9%
$338,289
Alternative Uses
Best Use
Multifamily LT 5
$434.9K
$380.6K – $507.4K
NOI $30,446 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$398.8K
$348.9K – $465.2K
NOI $27,913 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.04M
$911.4K – $1.22M
NOI $72,908 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
569
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 furnished residences with established rental use, off-street parking, and convenient access to restaurants, coffee shops, salons, and spas.
Where is this duplex located?
The property is located at 121 Northwynd Circle Lynchburg, VA.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Two‑unit duplex at 121 Northwynd Circle, Lynchburg, VA 24502; 3,516 square feet of property size; Both units are sold furnished
