Building Details

Year Renovated 2013

Tenancy Multi

Listing Agency: Mark A. Dalton & Co., Inc. Show Phone

Listed By: Matthew Gene Durand · License #0225204692 Show Phone

Source: Exprealty

Added: Sep 24 Changed: Oct 16 Last Checked: Oct 16 at 2:23PM

Report an Issue

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 Mark A. Dalton & Co., Inc.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,800-square-foot duplex contains two units, each with two parking spaces. Renovations to both residences around 2013 included HVAC, flooring, appliances, replacement windows, cabinets, bathrooms, water heaters, new sheetrock, and spray-foam insulation. Washers and dryers are included. The units have separate electric meters and share one water meter; water is included in tenant rent. The property is fully occupied, with tenants on newer one-year leases. A new roof is to be installed before closing with an acceptable offer.

The property is at the end of Ozone Court in Lynchburg, near Randolph College, downtown Lynchburg, and Boonsboro.

Key Highlights

• Two‑unit duplex totaling 1,800 square feet
• Both residences renovated around 2013, including HVAC, windows, bathrooms, water heaters, and spray‑foam insulation
• Fully occupied with newer 1‑year tenant leases

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

Is this asking price fair?

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 (±1% cap)

NOI $15,587 @ 7.0% cap · market cap 6.50%

Second Best

Apartment 5plus

$204.1K

$178.6K – $238.2K (±1% cap)

NOI $14,290 @ 7.0% cap · market cap 5.96%

Theoretical Best

Office A

$533.2K

$466.6K – $622.1K (±1% cap)

NOI $37,325 @ 7.0% cap · market cap 15.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Building Supply Real Estate Agency Nail Salon (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

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

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

281

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Duplex with Off-Street Parking

50-52 Village Road, Lynchburg, VA 24502

$254,900

1,820 SF

View details

Brick Side-by-Side Duplex

85 Deer Creek Drive, Lynchburg, VA 24502

$289,900

1,792 SF

View details

Duplex with Two Kitchens

1401 Garfield Avenue, Lynchburg, VA 24501

$169,000

1,718 SF

View details

Updated Duplex with Basement Storage

2800-2802 Kulman, Lynchburg, VA 24501

$279,900

1,578 SF

View details

Duplex with Heat Pump Systems

1611 Floyd Street, Lynchburg, VA 24504

$119,000

2,231 SF

View details

Renovated Two-Unit Duplex

2208 Memorial Avenue, Lynchburg, VA 24501

$325,000

2,604 SF

View details

Two-Unit Duplex

611-613 7th Street, Lynchburg, VA 24504

$279,900

3,514 SF

View details

Duplex with Terrace Apartment

2311 Rivermont Avenue, Lynchburg, VA 24503

$299,900

3,680 SF

View details

Seven-Bedroom Duplex

1609 Rivermont Avenue, Lynchburg, VA 24503

$349,900

3,267 SF

View details

New Construction Side-by-Side Duplex

225 Munford Street, Lynchburg, VA 24501

$499,900

2,880 SF

View details

Furnished 2-Unit Duplex

121 Northwynd Circle, Lynchburg, VA 24502

$559,900

3,516 SF

View details

Updated Brick Duplex

3498 Powhatan Street, Lynchburg, VA 24501

$179,900

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two separately metered residences include appliances, in-unit washers and dryers, and dedicated parking.

Where is this duplex located?

The property is located at 1810 Ozone Ct 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‑unit duplex totaling 1,800 square feet; Both residences renovated around 2013, including HVAC, windows, bathrooms, water heaters, and spray‑foam insulation; Fully occupied with newer 1‑year tenant leases