Updated Duplex with Separate
2800-2802 Kulman, Lynchburg, VA 24501
For Sale
$269,900
Multi-Family, Lynchburg, VA
Property Size1,578 SF
Lot Size0.36 Acres
Price / SF$171.04
Days on Market90
Property Features for 2800-2802 Kulman
General Information
Property type
Property subtype
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
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Listing Agency:
Mark A. Dalton & Co., Inc.
(434) 841-8405
Listed By:
Mark LaMontagne
(434) 237-6267
Added: Aug 13
Changed: Nov 5
Last Checked: Nov 10 at 11:06PM
MLS# 368570
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 two-unit duplex contains 1,578 square feet on a 0.3572-acre lot. Kitchens, flooring, and paint have been updated, and each unit has a separate unfinished basement. Heating and cooling are provided by heat pumps; parking is on street. The property was built in 1959.
At 2800-2802 Kulman in Lynchburg, the duplex is minutes from the medical corridor, Wards Road, and amenities along Route 221.
At 2800-2802 Kulman in Lynchburg, the duplex is minutes from the medical corridor, Wards Road, and amenities along Route 221.
Key Highlights
- Two‑unit duplex with 1,578 square feet on a 0.3572‑acre lot
- Separate unfinished basement in each unit
- Updated kitchens, flooring, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,664
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,280
$273.3K
Cap Rate 7%
$195,200
$195.2K
Cap Rate 9%
$151,822
$151.8K
Market Conditions
NOI Build-Up for 1,578 SF
Gross rent
$21.8K $13.80/SF
− Vacancy
−$2.3K −$1.43/SF
EGI
$19.5K $12.37/SF
− OpEx
−$5.9K −$3.71/SF
NOI
$13.7K $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%
$273,280
Cap Rate 7%
$195,200
Cap Rate 9%
$151,822
Alternative Uses
Best Use
Multifamily LT 5
$195.2K
$170.8K – $227.7K
NOI $13,664 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$179.0K
$156.6K – $208.8K
NOI $12,527 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$467.4K
$409.0K – $545.4K
NOI $32,721 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
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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
$155,800
Median Home Value
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Market
Average Price Trend$/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 - Each residence has its own utility meter and unfinished basement.
Where is this duplex located?
The property is located at 2800-2802 Kulman Lynchburg, VA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,578 square feet on a 0.3572‑acre lot; Separate unfinished basement in each unit; Updated kitchens, flooring, and paint
