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Updated Brick Duplex
For Sale
$179,900

3498 Powhatan Street, Lynchburg, VA 24501

Two-level layout includes a separate lower suite with its own entrance and full kitchen.

Property SizeContact for details
Days on Market51

Property Features for 3498 Powhatan Street

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Utilities to Site Yes
Multifamily Units 2

Amenities

Electric Baseboard
Heat Pump

Building Details

Year Built 1953
Buildings 1
Construction brick
Listing Agency: Karl Miller Realty LLC
Listed By: Karl Miller · License #0225246610
Source: Kw
Added: Jul 3 Changed: Aug 22 Last Checked: Aug 22 at 2:44AM

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 Karl Miller Realty LLC

Investment Insights

Based on property information with market context.

Built in 1953, this brick duplex has a two-bedroom main level with a full bath and a private terrace-level suite. The lower suite adds a third bedroom, a second full bath, and a full kitchen, with its own private entrance for functional separation between the levels.

The property has two electric meters, updated HVAC serving both levels, and a newer roof. Interior work includes fresh paint and new flooring throughout, while a dishwasher has been added downstairs. The home is approximately 6 minutes from Liberty University and is convenient to stores and grocery options.

Key Highlights

  • Two‑bedroom main level with a full bath
  • Private terrace‑level suite with a third bedroom, second full bath, and full kitchen
  • Separate lower‑level entrance and two electric meters

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Nail Salon (Bike/Boat/Book/etc) Store Restaurant

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

177
Businesses Nearby

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

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

What type of property is this?
Duplex - Two-level layout includes a separate lower suite with its own entrance and full kitchen.
Where is this duplex located?
The property is located at 3498 Powhatan Street Lynchburg, VA.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two‑bedroom main level with a full bath; Private terrace‑level suite with a third bedroom, second full bath, and full kitchen; Separate lower‑level entrance and two electric meters
More about this property
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