Historic Duplex in Rivermont
For Sale
$345,000
1511 Rivermont Avenue, Lynchburg, VA 24503
1916 stucco duplex in Lynchburg's Rivermont Historic District.
Property SizeContact for details
Days on Market133
Property Features for 1511 Rivermont Avenue
General Information
Standard status
Active
Property subtype
Multi-Family / Multi-Family
Building Details
Year Built
1916
Listing Agency:
Raven Realty LLC
(434) 338-2667
Listed By:
Michael Cooper · License #0225222475
(434) 338-2667
Source:
Compass
Added: Mar 26
Changed: Jul 10
Last Checked: Aug 5 at 11:00AM
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 Raven Realty LLC
Investment Insights
Based on property information with market context.
This historic 1916 stucco duplex is located in Lynchburg's Rivermont Historic District. The property features a hip roof with slate tile and a stucco exterior. It includes two units, both of which are currently occupied and generating $2,390 per month in gross rent. Unit 1511 has 3 bedrooms and 1.5 baths and is rented to a long-term tenant for $795 per month. Unit 1513 features 3 bedrooms and 1 full bath and is rented for $1,595 per month. The property has hot water heat and a generous covered porch space. A full unfinished basement offers storage or future finishing potential. Tenants are responsible for all lawn care and landscaping. The property is located in the EC Glass High School district and is minutes from Randolph College, the James River trail, and downtown Lynchburg. It is currently used as a residential income property.
Key Highlights
- Turnkey investment property generating $2,390/month in gross rental income.
- Located in the desirable Rivermont Historic District.
- Unit 1511 rent is below market value, offering significant upside potential at lease renewal.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 24503, VA
19,810
Population
8,755
Households
2.3
Avg Household Size
44
Median Age
59%
College-Educated
96%
High-School Grad
36.7 sq mi
ZIP Area
540
Density / Sq Mi
$92,025
Median Household Income
$46,521
Median Earnings
$972
Median Rent
$320,500
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?
Duplex - 1916 stucco duplex in Lynchburg's Rivermont Historic District.
Where is this duplex located?
The property is located at 1511 Rivermont Avenue Lynchburg, VA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Turnkey investment property generating $2,390/month in gross rental income.; Located in the desirable Rivermont Historic District.; Unit 1511 rent is below market value, offering significant upside potential at lease renewal.
