Side-by-Side
For Sale
$499,900
225 Munford Street, Lynchburg, VA 24501
MULTI_FAMILY - Lynchburg, VA
Property Size2,880 SF
Lot Size0.18 Acres
Price / SF$173.58
Days on Market52
Property Features for 225 Munford Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 5, Bathroom 5, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Off Street
Subdivision
Dearington Park
Elementary school
Dearington Elem
Middle school
Linkhorne Midl
High school
E. C. Glass High
Elementary school district
Lynchburg
Middle school district
Lynchburg
High school district
Lynchburg
Directions
Langhorne Rd to Third St. to Left on Munford St.
Standard status
Active
APN
00314004
Size
2,880 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
DEARINGTON, NEW LOT 9, DEARINGTON, NEW LOT 8A
Tax Annual Amount
5040
Legal Description
DEARINGTON, NEW LOT 9, DEARINGTON, NEW LOT 8A
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
stainless steel appliances
quartz countertops
ceiling fans
private deck
additional storage in crawl space
Building Details
Year built
2024
Number of units
2
Listing Agency:
Mark A. Dalton & Co., Inc.
(434) 841-8405
Listed By:
Matt G Durand · License #0225204692
(434) 237-6267
Added: Jul 14
Changed: Aug 2
Last Checked: Sep 3 at 12:06PM
MLS# 367863
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.
Investment Insights
Based on property information with market context.
This side-by-side duplex was built in 2024 and is configured as two mirrored units within one property line. Each unit features three bedrooms and 2.5 bathrooms with 1,440 finished square feet, plus private deck space overlooking the back yard area. Interior finishes include stainless steel appliances and quartz countertops in the kitchens, low-maintenance luxury vinyl plank flooring throughout, and ceiling fans in all bedrooms. Additional storage is available in the crawl space.
Operationally, each unit has its own water meter and electric meter, with tenants paying their own utility expenses. Parking is provided off street for the duplex.
With the building layout separated through the property line, the configuration is positioned to function like two adjoining end unit townhomes, giving flexibility for how the property is approached.
Operationally, each unit has its own water meter and electric meter, with tenants paying their own utility expenses. Parking is provided off street for the duplex.
With the building layout separated through the property line, the configuration is positioned to function like two adjoining end unit townhomes, giving flexibility for how the property is approached.
Key Highlights
- Built in 2024 side‑by‑side duplex configuration
- Each unit has three bedrooms and 2.5 bathrooms with 1,440 finished SF
- Private deck overlooking the back yard area for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,939
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex built in 2024 with separate water and electric meters for each unit and private decks.
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: Built in 2024 side‑by‑side duplex configuration; Each unit has three bedrooms and 2.5 bathrooms with 1,440 finished SF; Private deck overlooking the back yard area for each unit
