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Duplex with Heat Pump HVAC
For Sale
$285,000

289 Independence Circle, Forest, VA 24551

MULTI_FAMILY - Forest, VA

Property Size1,850 SF
Lot Size0.46 Acres
Price / SF$154.05
Days on Market48

Property Features for 289 Independence Circle

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Elementary school Tomahawk Elem
Middle school Brookville Midl
High school Brookville High
Elementary school district Campbell
Middle school district Campbell
High school district Campbell
Directions Timberlake Rd to Waterlick Rd to left on Jefferson Manor to R on Jane Randolph to L on Independence Circle duplex on Left
Subdivision Campbell
Standard status Active
APN 20A214
Size 1,850 SF
Lot size 0.46 Acres

Taxes and HOA fees

Tax Description JEFFERSON MANOR LOT 14 BK A SEC 2
Tax Annual Amount 732
Legal Description JEFFERSON MANOR LOT 14 BK A SEC 2

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump

Building Details

Year built 1979
Number of units 2
Listing Agency: Mark A. Dalton & Co., Inc.
Listed By: David Evans · License #0225268176
Added: Jul 15 Changed: Aug 14 Last Checked: Aug 31 at 6:06AM
MLS# 368048

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 duplex at 289 Independence Circle in Forest, VA was built in 1979 and offers two separately leased sides with a total layout of four bedrooms and two bathrooms. Both heating and cooling are provided by heat pump systems.

The property is described as the only duplex in a quiet, established single-family neighborhood. Unit A (left side) is leased through February 1, 2027, with a tenant reported to have about 24 years of tenure, and the tenant handles grass and leaf maintenance. Unit B (right side) is leased through September 30, 2026, with a tenant reported to have about 15 years of tenure.

Capital improvements include a roof replacement by Cenvar in August 2015, Unit A HVAC replacement by Jordan Mechanical in 2018, and Unit B HVAC replacement by Jordan Mechanical in 2019. The septic system was completely serviced in November 2025, with lines flushed, tank pumped, and distribution box cleaned, then pumped again in April 2026. The property is offered sold as-is.

Key Highlights

  • 0.459‑acre lot with a 1,850 SF duplex built in 1979
  • Heat pump heating and heat pump cooling
  • Unit A left side leased through February 1, 2027; tenant reported ~24 years tenure

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Spa & Massage Center Nail Salon Parking Lot & Garage

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

74
Businesses Nearby

Demographics for 24551, VA

25,601
Population
10,844
Households
2.4
Avg Household Size
42
Median Age
47%
College-Educated
96%
High-School Grad
74.2 sq mi
ZIP Area
345
Density / Sq Mi
$91,119
Median Household Income
$49,846
Median Earnings
$1,087
Median Rent
$345,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex built in 1979 on a 0.459-acre lot with heat pump systems and two income units.
Where is this duplex located?
The property is located at 289 Independence Circle Forest, VA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 0.459‑acre lot with a 1,850 SF duplex built in 1979; Heat pump heating and heat pump cooling; Unit A left side leased through February 1, 2027; tenant reported ~24 years tenure
More about this property
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