Renovated Duplex with Heat
1810-1812 Ozone Court, Lynchburg, VA 24503
For Sale
$239,900
Pending
Multi-Family, Lynchburg, VA
Property Size1,800 SF
Lot Size0.17 Acres
Days on Market52
Property Features for 1810-1812 Ozone Court
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Buildings
Listing Agency:
Mark A. Dalton & Co., Inc.
(434) 841-8405
Listed By:
Matt G Durand · License VA #0225204692
(434) 237-6267
Added: Sep 24
Changed: Oct 25
Last Checked: Nov 14 at 1:06AM
MLS# 369352
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.
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Investment Insights
Based on property information with market context.
This duplex contains two rental units totaling 1,800 square feet on a 0.1655-acre lot. Built in 1975, both units received renovations around 2013, including updated flooring, appliances, cabinets, bathrooms, windows, water heaters, sheetrock, and spray-foam insulation. Heat pumps provide heating and cooling. Each unit has two off-street parking spaces, and the appliances, including washers and dryers, are included. A new roof is to be installed before closing with an acceptable offer.
The property is at the end of Ozone Court in Lynchburg, within the Bedford Avenue corridor. Randolph College, downtown Lynchburg, and Boonsboro are identified as nearby destinations. Zoning is R-3.
Both units are occupied and have one-year leases. Electric service is separately metered for each unit; the property has one water meter, and water is included in tenant rent.
The property is at the end of Ozone Court in Lynchburg, within the Bedford Avenue corridor. Randolph College, downtown Lynchburg, and Boonsboro are identified as nearby destinations. Zoning is R-3.
Both units are occupied and have one-year leases. Electric service is separately metered for each unit; the property has one water meter, and water is included in tenant rent.
Key Highlights
- Two rental units totaling 1,800 square feet
- 0.1655‑acre site; zoned R‑3
- Both units renovated around 2013, including bathrooms, cabinets, windows, and water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,587
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,740
$311.7K
Cap Rate 7%
$222,671
$222.7K
Cap Rate 9%
$173,189
$173.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$24.8K $13.80/SF
− Vacancy
−$2.6K −$1.43/SF
EGI
$22.3K $12.37/SF
− OpEx
−$6.7K −$3.71/SF
NOI
$15.6K $8.66/SF
Area
Lynchburg County, VA
Vacancy
10.36%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,740
Cap Rate 7%
$222,671
Cap Rate 9%
$173,189
Alternative Uses
Best Use
Multifamily LT 5
$222.7K
$194.8K – $259.8K
NOI $15,587 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$204.1K
$178.6K – $238.2K
NOI $14,290 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$533.2K
$466.6K – $622.1K
NOI $37,325 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
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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
$320,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lynchburg, VA
Properties on Market for Duplexes in Lynchburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied rental units have separate electric meters, off-street parking, and appliances that include washers and dryers.
Where is this duplex located?
The property is located at 1810-1812 Ozone Court Lynchburg, VA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two rental units totaling 1,800 square feet; 0.1655‑acre site; zoned R‑3; Both units renovated around 2013, including bathrooms, cabinets, windows, and water heaters
