Income Duplex with Two
1401 Garfield Avenue Lynchburg, VA 24501
New
For Sale
$169,000
MULTI_FAMILY - Lynchburg, VA
Property Size1,718 SF
Lot Size0.09 Acres
Price / SF$98.37
Days on Market6
Property Features for 1401 Garfield Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Standard status
Active
APN
02714001
Size
1,718 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
BENTON, PT LOTS 1-2
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1926
Number of units
2
Listing Agency:
Keller Williams
(434) 534-9113
Listed By:
Stephen J Acree · License #0225225687
(434) 401-6785
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 29 at 11:06PM
MLS# 368239
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 income duplex is move-in ready and provides approximately 1,718 square feet of residential rental space. The layout includes two kitchen areas, supporting a straightforward two-unit configuration. The property is positioned on a 0.0933-acre lot and is sized for low-maintenance ownership.
The duplex is located at 1401 Garfield Avenue in Lynchburg, Virginia 24501. It is a for-sale investment property suitable for owner-occupants or investors looking to manage rental income.
With two kitchens on site, the property can accommodate separate living arrangements within a single duplex footprint.
The duplex is located at 1401 Garfield Avenue in Lynchburg, Virginia 24501. It is a for-sale investment property suitable for owner-occupants or investors looking to manage rental income.
With two kitchens on site, the property can accommodate separate living arrangements within a single duplex footprint.
Key Highlights
- Cash‑flowing duplex with over 1,500 sq ft
- Move‑in ready duplex with 2 kitchen areas
- 4 bedrooms and 2 bathrooms
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 | $23.7k | $13.80 |
| − Vacancy | −$2.5k | −$1.43 |
| EGI | $21.3k | $12.37 |
| − OpEx | −$6.4k | −$3.71 |
| NOI | $14.9k | $8.66 |
1,718 SF · lease $13.80/SF/yr · vacancy 10.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.5K
$186.0K – $248.0K
NOI $14,877 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$194.8K
$170.5K – $227.3K
NOI $13,639 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$508.9K
$445.3K – $593.7K
NOI $35,624 @ 7.0% cap · market cap 21.08%
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 - Move-in ready duplex offers two kitchens and approximately 1,700 square feet of residential rental space.
Where is this duplex located?
The property is located at 1401 Garfield Avenue Lynchburg, VA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Cash‑flowing duplex with over 1,500 sq ft; Move‑in ready duplex with 2 kitchen areas; 4 bedrooms and 2 bathrooms
