Historic 10-Unit Apartment
For Sale
$749,900
Pending
3024 Rivermont Avenue, Lynchburg, VA 24503
1904 multifamily property with updated electrical service, individual mini-split systems, and off-street parking.
Property Size8,697 SF
Days on Market118
Property Features for 3024 Rivermont Avenue
General Information
Standard status
Pending
Size
8,697 SF
Property subtype
Multi-Family / Multi-Family
Zoning
R-4
Additional Details
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$5,869
Amenities
Drywall, Plaster
Heat Pump, Wall Unit(s), Zoned
Carpet, Ceramic Tile, Concrete, Vinyl, Wood Floors
Heat Pump, Other
No
Comcast/Xfinity
Disclosure, Lead Based Paint
Brick, Wood Siding
Building Details
Year Built
1904
Listing Agency:
Blackwater Property Management and Realty
(434) 610-3406
Listed By:
Steven Bucklew · License #0225076965
(434) 610-3406
Source:
Compass
Added: May 6
Changed: Aug 31
Last Checked: Aug 31 at 12:36AM
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 Blackwater Property Management and Realty
Investment Insights
Based on property information with market context.
Built in 1904, this 8,697-square-foot multifamily property has been configured as nine apartments, with an accessory dwelling unit at 726 Riverside Drive bringing the total to 10 income-producing units. The improvements combine brick and wood siding with a grand foyer, varied flooring, and a mix of drywall and plaster interiors.
Each unit has individual mini-split heating and air-conditioning equipment, while the property also includes updated electrical systems. A circular drive and ample off-street parking support resident access. R-4 zoning and the existing apartment configuration provide a defined multifamily use profile.
Each unit has individual mini-split heating and air-conditioning equipment, while the property also includes updated electrical systems. A circular drive and ample off-street parking support resident access. R-4 zoning and the existing apartment configuration provide a defined multifamily use profile.
Key Highlights
- 10 income‑producing units, including nine apartments and an accessory dwelling unit at 726 Riverside Drive
- 8,697‑square‑foot multifamily property built in 1904
- Updated electrical systems throughout the property
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Explore this area
Business Placement
Demographics for 24503, VA
19,810
Population
8,755
Households
2.3
Avg Household Size
44
Median Age
59%
College-Educated
96%
High-School Grad
36.7 sq mi
ZIP Area
540
Density / Sq Mi
$92,025
Median Household Income
$46,521
Median Earnings
$972
Median Rent
$320,500
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?
Apartment building - 1904 multifamily property with updated electrical service, individual mini-split systems, and off-street parking.
Where is this apartment building located?
The property is located at 3024 Rivermont Avenue Lynchburg, VA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 10 income‑producing units, including nine apartments and an accessory dwelling unit at 726 Riverside Drive; 8,697‑square‑foot multifamily property built in 1904; Updated electrical systems throughout the property
