405 Harrison Street, Lynchburg, VA 24504
- Added:
- Apr 1, 2026
- Days on Market:
- 98
- Last Refresh:
- Jul 7 at 11:06 pm
Property Features for 405 Harrison Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 5, Bathroom 3, Bedroom 6, Bathroom 1, Bathroom 4, Bathroom 2
- Parking features
- On Street
- Standard status
- Pending
- APN
- 02410009
- Size
- 3,205 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- GARLAND HILL, BLK 411
- Tax Annual Amount
- 1147
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1885
- Number of units
- 2
Listing agent Victoria E Bartholomew License #0225211862 (434) 385-6655
Listing office John Stewart Walker, Inc 18013 Forest Road STE E08, Lynchburg, VA (434) 385-6655
Listing date Apr 1, 2026
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
- Built in 1885 duplex in Garland Hill Historic District with original restored features like refinished heart pine floors, arched doorways, and high ceilings
- Two units, each over 1,000 SF—first floor has 3 bedrooms and 2 full baths; upstairs has 3 bedrooms and 3 full baths
- Each unit includes an expansive primary suite with tub and walk‑in shower
- Updates include a new standing seam metal roof, updated electrical, heat pumps, and new hot water heaters
- Modern kitchens with granite counters and stainless steel appliances, plus in‑unit laundry in each unit
- Back porch access from the first floor and a backyard garage space for storage; reduced taxes through the city rehab program through 6/20/2034
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.2k | $13.80 |
| − Vacancy | −$4.6k | −$1.43 |
| EGI | $39.6k | $12.37 |
| − OpEx | −$11.9k | −$3.71 |
| NOI | $27.8k | $8.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg
- State
- Virginia
- Longitude
- -79.150653
- Latitude
- 37.416082
