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Duplex with Heat Pump
For Sale
$119,000

1611 Floyd Street, Lynchburg, VA 24504

Multi-Family, Lynchburg, VA

Property Size2,231 SF
Lot Size0.12 Acres
Price / SF$53.34
Days on Market9

Property Features for 1611 Floyd Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R3
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Elementary school Sheffield Elem
Middle school Sandusky Midl
High school Heritage High
Elementary school district Lynchburg
Middle school district Lynchburg
High school district Lynchburg
Directions 12th Street to Floyd. House on Right
Subdivision Lynchburg
Standard status Active
Size 2,231 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Description LACY GROVE, BLK C, LOT 13
Legal Description LACY GROVE, BLK C, LOT 13

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump

Building Details

Year built 1909
Number of units 2
Listing Agency: Key to Your Heart Realty
Listed By: Chase Vaden
Added: Sep 28 Last Checked: Oct 6 at 10:06PM
MLS# 369518

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 2,231-square-foot duplex is offered as-is and requires updating. Built in 1909, it has heat-pump heating and cooling. The 0.12-acre parcel is zoned R3.

The property generated income for its previous owner. Its four bedrooms and two bathrooms provide a defined residential layout.

Key Highlights

  • 2,231‑square‑foot duplex on a 0.12‑acre lot
  • R3 zoning
  • Built in 1909

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Dental Office Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Skin Care Clinic Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

525
Businesses Nearby

Demographics for 24504, VA

9,585
Population
5,206
Households
1.8
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
37.5 sq mi
ZIP Area
256
Density / Sq Mi
$50,739
Median Household Income
$34,265
Median Earnings
$998
Median Rent
$183,400
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - The property has R3 zoning and produced income for its prior owner.
Where is this duplex located?
The property is located at 1611 Floyd Street Lynchburg, VA.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: 2,231‑square‑foot duplex on a 0.12‑acre lot; R3 zoning; Built in 1909
More about this property
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