Furnished 2-Unit
For Sale
$554,900
Pending
121 Northwynd Circle, Lynchburg, VA 24502
Multi-Family, Lynchburg, VA
Property Size3,516 SF
Lot Size0.06 Acres
Days on Market48
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 4, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 1
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
Pending
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
Changed: Oct 26
Last Checked: Nov 3 at 9:06PM
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.
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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 / Yr
$30,446
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
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
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 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 5.49%
Second Best
Apartment 5plus
$398.8K
$348.9K – $465.2K
NOI $27,913 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.04M
$911.4K – $1.22M
NOI $72,908 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Market
Vacancy Rate% for Multifamily in South region
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 $554,900.
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
