Two-Unit
For Sale
$499,900
225 Munford Street, Lynchburg, VA 24501
Recently constructed residential property comprising two dwelling units.
Property Size2,880 SF
Price / SF$173.58
Days on Market94
Property Features for 225 Munford Street
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi-Family
Building Details
Year Built
2024
Listing Agency:
Keller Williams
Listed By:
Karl Miller Realty
(434) 239-2394
Source:
Karlmillerrealty
Added: Jul 16
Changed: Oct 16
Last Checked: Oct 16 at 8:50AM
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 Keller Williams
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Investment Insights
Based on property information with market context.
This two-unit duplex at 225 Munford Street in Lynchburg, Virginia, offers 2,880 square feet of residential space. Completed in 2024, the property provides a recently built multifamily configuration suitable for residential income ownership.
Key Highlights
- Two‑unit duplex configuration
- 2,880 square feet of residential space
- Built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,939
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,780
$498.8K
Cap Rate 7%
$356,271
$356.3K
Cap Rate 9%
$277,100
$277.1K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$39.7K $13.80/SF
− Vacancy
−$4.1K −$1.43/SF
EGI
$35.6K $12.37/SF
− OpEx
−$10.7K −$3.71/SF
NOI
$24.9K $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%
$498,780
Cap Rate 7%
$356,271
Cap Rate 9%
$277,100
Alternative Uses
Best Use
Multifamily LT 5
$356.3K
$311.7K – $415.7K
NOI $24,939 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$326.6K
$285.8K – $381.1K
NOI $22,864 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$853.1K
$746.5K – $995.3K
NOI $59,720 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 24501, VA
27,160
Population
12,157
Households
2.2
Avg Household Size
33
Median Age
25%
College-Educated
87%
High-School Grad
36.3 sq mi
ZIP Area
748
Density / Sq Mi
$45,305
Median Household Income
$28,790
Median Earnings
$936
Median Rent
$155,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Recently constructed residential property comprising two dwelling units.
Where is this duplex located?
The property is located at 225 Munford Street Lynchburg, VA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex configuration; 2,880 square feet of residential space; Built in 2024
