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Brick One-Story Duplex with Full Basement
For Sale
$225,000

1656 Shady Knoll Ave, Bedford, VA 24523

MULTI_FAMILY - Bedford, VA

Property SizeContact for details
Lot Size0.46 Acres
Days on Market51

Property Features for 1656 Shady Knoll Ave

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Parking 3
Interior features Ceiling Fan(s)
Basement Full
Subdivision Shady Acres
Elementary school Bedford
Middle school Liberty Middle
High school Liberty High
Directions From 221 Forest Rd, Left on Shady Knoll Ave, Property is at end of street on the right.
Standard status Active
APN 177 3 B-T
Lot size 0.46 Acres

Taxes and HOA fees

Tax Annual Amount 603

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Heat Pump (Heating)
Cooling system Electric, Heat Pump
Water source Public

Amenities

full basement
central air conditioning
double pane windows
granite countertops
updated ceramic tile

Building Details

Year built 1967
Number of units 2
Building materials Block, Brick, Wood Siding
Listing Agency: KELLER WILLIAMS REALTY LYNCHBURG
Listed By: MATTHEW DANIEL TAYLOR
Added: Jul 7 Changed: Aug 10 Last Checked: Aug 26 at 10:06AM
MLS# 929238

Copyright © 2026 Roanoke Valley Association of Realtors. 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.

Situated at 1656 Shady Knoll Ave in Bedford, VA, this brick, one-story duplex includes two apartments. Each unit offers one bedroom and one bathroom, with updated kitchen appliances noted in the remarks; one apartment also features granite countertops and updated ceramic tile in the bathroom. The duplex has a full basement and is described as having many recent improvements, including a new roof in 2020.

Each apartment is equipped with central air-conditioning and heating with its own thermostat control. Double-pane windows are noted throughout the apartments, and most kitchen appliances are described as 2023 or newer. Heating is listed as electric and heat pump, and cooling is listed as electric and heat pump. The property also features a level yard and a paved driveway. Public water and public sewer service are indicated.

The full basement is listed as 1,344 SF, offering additional flexible space for storage or other uses. Both apartments are currently rented.

Key Highlights

  • Two one‑bedroom, one‑bath apartments, each currently rented
  • New roof in 2020
  • Central air‑conditioning and heating with separate thermostat control for each unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Electrical Service Auto Parts Store Storage Facility

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
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

132
Businesses Nearby

Demographics for 24523, VA

18,992
Population
9,729
Households
2
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
229.9 sq mi
ZIP Area
83
Density / Sq Mi
$70,074
Median Household Income
$42,500
Median Earnings
$839
Median Rent
$227,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Two one-bedroom, one-bath apartments are independently climate-controlled, with a full basement and a roof replacement in 2020.
Where is this duplex located?
The property is located at 1656 Shady Knoll Ave Bedford, VA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath apartments, each currently rented; New roof in 2020; Central air‑conditioning and heating with separate thermostat control for each unit
More about this property
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