Updated Brick
For Sale
$520,000
Pending
1505-1509 Edley Place, Lynchburg, VA 24502
Fully occupied four-unit property with separate parcels and tenant parking.
Property SizeContact for details
Days on Market163
Property Features for 1505-1509 Edley Place
General Information
Standard status
Pending
Property subtype
Multi-Family / Multi-Family
Zoning
R2
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,077
Amenities
Drywall
Heat Pump
Vinyl
No
Comcast/Xfinity, Firefly, Hughes.net, Jet Broadband, Lumos, Satellite, TMobile, Verizon
Disclosure, Lead Based Paint
Brick
Building Details
Year Built
1971
Buildings
2
Construction
brick
Listing Agency:
NextHome TwoFourFive
(434) 942-4526
Listed By:
Cheryl R Walton · License #0225215514
(434) 942-4526
Source:
Compass
Added: Mar 23
Changed: Aug 31
Last Checked: Aug 30 at 11:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome TwoFourFive
Investment Insights
Based on property information with market context.
This quadplex consists of 4 units arranged within 2 brick duplex buildings, offered together as one sale. The property has received multiple recent improvements, including new roofs and new HVAC systems serving every unit. Interior updates include luxury vinyl plank flooring, new appliances, recessed lighting, and refreshed fixtures. Each building is situated on its own parcel, creating a two-parcel offering at 1505-1509 Edley Place in Lynchburg, Virginia. The spacious lot provides tenant parking, while the original construction dates to 1971.
Key Highlights
- 4 units in 2 brick duplex buildings
- Fully occupied property with tenant parking
- New roofs on both buildings
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
229
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with separate parcels and tenant parking.
Where is this quadplex located?
The property is located at 1505-1509 Edley Place Lynchburg, VA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 4 units in 2 brick duplex buildings; Fully occupied property with tenant parking; New roofs on both buildings
