Fully Furnished Duplex Income
416 Belvedere Street Lynchburg, VA 24503
416 Belvedere Street, Lynchburg, VA, 24503
$347,900
Pending
For Sale
$347,900
Pending
Immaculate, fully furnished duplex with separate utilities, in-unit laundry, and updated interiors in each unit.
Property Size1,912 SF
Days on Market37
Property Features for 416 Belvedere Street
General Information
- Standard status
- Pending
- Size
- 1,912 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1959
Listing agency
eXp Realty LLC-Stafford
(434) 258-6912
Listed by
Jim Rufus · License #0225183489
(434) 258-6912
Source
Compass
Added: Jun 16 Updated: Jul 22 at 2:32AM Checked: Jul 22 at 2:32AM
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 eXp Realty LLC-Stafford
Investment Insights
Based on property information with market context.
Immaculate, fully furnished duplex designed as a true two-unit property. Each unit offers its own utilities, in-unit laundry, and individual heat pumps, providing separate, comfortable living arrangements. Updates include fresh paint, modern lighting, updated appliances, ring cameras, and a reglazed bath. The upper level contains 3 bedrooms and 1 full bath, while the lower level contains 2 bedrooms and 1 full bath.
The property is located near the hospital and has historically attracted travel nurse tenants. Reported gross income includes $37,000 for 2025 and $18,000 year-to-date for 2026.
Both units are maintained with a modern, inviting interior style, reflecting consistent attention to condition and turnkey readiness for rental use.
The property is located near the hospital and has historically attracted travel nurse tenants. Reported gross income includes $37,000 for 2025 and $18,000 year-to-date for 2026.
Both units are maintained with a modern, inviting interior style, reflecting consistent attention to condition and turnkey readiness for rental use.
Key Highlights
- Fully furnished duplex with updated interiors in both units
- Each unit is a true duplex layout with separate utilities, in‑unit laundry, and its own heat pump
- Upper unit: 3 bedrooms and 1 full bath
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 | $26.4k | $13.80 |
| − Vacancy | −$2.7k | −$1.43 |
| EGI | $23.7k | $12.37 |
| − OpEx | −$7.1k | −$3.71 |
| NOI | $16.6k | $8.66 |
1,912 SF · lease $13.80/SF/yr · vacancy 10.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$236.5K
$207.0K – $275.9K
NOI $16,556 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$216.8K
$189.7K – $253.0K
NOI $15,179 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$566.4K
$495.6K – $660.8K
NOI $39,647 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Immaculate, fully furnished duplex with separate utilities, in-unit laundry, and updated interiors in each unit.
Where is this duplex located?
The property is located at 416 Belvedere Street Lynchburg, VA.
What is the asking price?
The asking price for this property is $347,900.
What are key features of this property?
This property features: Fully furnished duplex with updated interiors in both units; Each unit is a true duplex layout with separate utilities, in‑unit laundry, and its own heat pump; Upper unit: 3 bedrooms and 1 full bath
