1664 Graves Mill Road, Lynchburg, VA 24502
MULTI_FAMILY - Lynchburg, VA
- Added:
- Apr 8, 2026
- Days on Market:
- 85
- Last Refresh:
- Jul 1 at 9:06 pm
Property Features for 1664 Graves Mill Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 12, Bathroom 5, Bathroom 6, Bedroom 9, Bedroom 11, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 10, Bathroom 3, Bedroom 2
- Standard status
- Active
- APN
- 24013005
- Size
- 6,792 SF
- Lot size
- 0.70 Acres
Taxes and HOA fees
- Tax Description
- GEORGE L JONES, LOT 4 & PT LOT 5
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1970
- Number of units
- 8
Listing agent Jimmy L Rufus Jr. License #0225183489 (866) 825-7169
Listing office eXp Realty LLC-Stafford 800 Coprorate Drive Ste 301, Richmond, VA (866) 825-7169
Listing date Apr 8, 2026
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.
HighLights
- Income‑producing 8‑plex with 16 bedrooms and 8 full baths
- All eight units feature a 2‑bedroom, 1‑bath layout
- Monthly income of $7,700
- On Graves Mill Road in a high‑traffic corridor near established restaurants, businesses, and everyday conveniences
- Easy access to the expressway, airport, and local colleges
- Heat pump heating and cooling; year built 1970
Overview
Local Financial Insights For Apartment 5plus
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 | $110.0k | $16.20 |
| − Vacancy | −$12.0k | −$1.77 |
| EGI | $98.0k | $14.43 |
| − OpEx | −$44.1k | −$6.50 |
| NOI | $53.9k | $7.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg
- State
- Virginia
- Longitude
- -79.240854
- Latitude
- 37.377284
