Historic Inn with Event
404 Cabell Street, Lynchburg, VA 24504
MULTI_FAMILY - Lynchburg, VA
Property size:
9,737 SFLot size:
1.25 AcresPrice / SF:
$148/SF- Added:
- Apr 8, 2026
- Days on Market:
- 38
- Last Refresh:
- May 15 at 5:06 pm
Property Features for 404 Cabell Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 04412003
- Size
- 9,737 SF
- Lot size
- 1.25 Acres
Taxes and HOA fees
- Tax Description
- DANIELS HILL, BLK 744 & 745
Building Details
- Year built
- 1875
Listing agent Jimmy L Rufus Jr. License #0225183489 (866) 825-7169
Listing office eXp Realty LLC-Stafford 800 Coprorate Drive Ste 301, Richmond, VA (866) 825-7169
Listing date Apr 8, 2026
MLS# 365314
Listing URL
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.
HighLights
- Boutique Inn with Five Rental Suites and Event Space: Income‑generating potential.
- Three Distinct Living Spaces: Main house, Carriage House, and Studio above garage offer flexible living arrangements.
- Historic Charm with Modern Amenities: Restored original features combined with updated infrastructure.
- Multigenerational Living or Event Hosting: Carriage house with 2BR/2BA, kitchen, and flexible living spaces.
- Two Spacious Primary Suites: Including one on the main level for accessibility.
- Oversized 4‑Car Garage with Studio: Additional space for guests, office, or Airbnb income.
Overview
This property, known as The Carriage House Inn, offers a blend of luxury, convenience, and history. It features 8 bedrooms and 8.5 bathrooms across 3 distinct living spaces. As a boutique inn, it includes five rental suites along with event space, combining timeless architecture with modern amenities. The main house, which can be converted to a primary residence, spans over 5,800 square feet and boasts a wraparound porch, high ceilings, restored original lighting and wainscoting, a sweeping staircase, dual parlors, a butler's pantry, and nine fireplaces with original mantles. It also features a restored slate and replaced copper roof, along with preserved period finishes such as hardwood floors, clawfoot tubs, and antique tile. The main house includes two spacious primary suites, one located on the main level. The fully finished 1910 carriage house adds approximately 3,000 square feet on two levels, including 2 bedrooms, 2 full bathrooms, two half baths, a full kitchen, and flexible living spaces suitable for multigenerational use or events. Above the oversized detached 4-car garage, there is a separate studio unit suitable for guests, an office, or Airbnb. Outdoor spaces include a stone patio and garden. The property is situated on a 1.25-acre lot.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$858.9K
NOI $77,300 @ 9.00% cap · cautious / downside scenario
Moderate
$1.10M
NOI $77,300 @ 7.00% cap · market / base-case scenario
Aggressive
$1.55M
NOI $77,300 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.7k | $16.20 |
| − Vacancy | −$17.2k | −$1.77 |
| EGI | $140.5k | $14.43 |
| − OpEx | −$63.2k | −$6.50 |
| NOI | $77.3k | $7.94 |
9,737 SF · lease $16.20/SF/yr · vacancy 10.90% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.10M
$966.3K – $1.29M
NOI $77,300 @ 7.0% cap · market cap 5.33%
Second Best
Hotel Hospitality
$572.8K
$501.2K – $668.3K
NOI $40,099 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$2.88M
$2.52M – $3.37M
NOI $201,906 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Carriage House Inn
Hotel & Motel
Similar Places Nearby
- The Carriage House Inn — 404 Cabell St, Lynchburg, VA 24504
- House of Lydia Bed & Breakfast — 313 Madison St, Lynchburg, VA 24504
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg
- State
- Virginia
- Longitude
- -79.145895
- Latitude
- 37.423147
Nearby Similar for Sale
FAQs
What type of property is this?
Bed & breakfast - Boutique inn featuring rental suites and event space.
Where is this bed & breakfast located?
The property is located at 404 Cabell Street Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Boutique Inn with Five Rental Suites and Event Space: Income‑generating potential.; Three Distinct Living Spaces: Main house, Carriage House, and Studio above garage offer flexible living arrangements.; Historic Charm with Modern Amenities: Restored original features combined with updated infrastructure.
