Side-by-Side Duplex
225 Munford Street Lynchburg, VA 24501
225 Munford Street, Lynchburg, VA, 24501
$499,900
For Sale
$499,900
MULTI_FAMILY - Lynchburg, VA
Property Size2,880 SF
Lot Size0.18 Acres
Price / SF$173.58
Days on Market8
Property Features for 225 Munford Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 6, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 5, Bedroom 4, Bedroom 1
- Parking features
- Off Street
- 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
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
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 Checked: Jul 21 at 9:06PM
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 is set up as two separate, mirror-image units, each offering 3 bedrooms and 2.5 bathrooms. Each unit includes 1,440 finished square feet, a kitchen with stainless steel appliances and quartz countertops, low-maintenance luxury vinyl plank flooring throughout, and ceiling fans in all bedrooms. Sliding to a private deck overlooking the back yard, each unit also has additional storage in the crawl space.
The property is located at 225 Munford Street in Lynchburg, about five minutes from Lynchburg General Hospital, and is described as being in excellent condition. A property line runs through the building, making the configuration equivalent to two adjoining end unit townhomes. Each unit has its own water meter and electric meter, so tenants are responsible for all utility expenses.
With a compact, residential income configuration and separate utility metering for each side, the duplex is designed to function as two independently metred rental units within one structure.
The property is located at 225 Munford Street in Lynchburg, about five minutes from Lynchburg General Hospital, and is described as being in excellent condition. A property line runs through the building, making the configuration equivalent to two adjoining end unit townhomes. Each unit has its own water meter and electric meter, so tenants are responsible for all utility expenses.
With a compact, residential income configuration and separate utility metering for each side, the duplex is designed to function as two independently metred rental units within one structure.
Key Highlights
- Almost brand new side‑by‑side duplex built in 2024, 5 minutes from Lynchburg General Hospital
- Each unit offers 3 bedrooms, 2.5 bathrooms, and 1,440 finished SF
- Kitchens include stainless steel appliances and quartz countertops
Local Financial Insights For Multifamily LT 5
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 | $39.7k | $13.80 |
| − Vacancy | −$4.1k | −$1.43 |
| EGI | $35.6k | $12.37 |
| − OpEx | −$10.7k | −$3.71 |
| NOI | $24.9k | $8.66 |
2,880 SF · lease $13.80/SF/yr · vacancy 10.36% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Side-by-side duplex with two meters per unit, three bedrooms per side, and private decks overlooking the back yard.
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: Almost brand new side‑by‑side duplex built in 2024, 5 minutes from Lynchburg General Hospital; Each unit offers 3 bedrooms, 2.5 bathrooms, and 1,440 finished SF; Kitchens include stainless steel appliances and quartz countertops
