Duplex with Off-Street
For Sale
$254,900
50-52 Village Road, Lynchburg, VA 24502
Multi-Family, Lynchburg, VA
Property Size1,820 SF
Lot Size0.37 Acres
Price / SF$140.05
Days on Market93
Property Features for 50-52 Village Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3
Parking features
Off Street
Elementary school
Heritage Elem
Middle school
Sandusky Midl
High school
Heritage High
Elementary school district
Lynchburg
Middle school district
Lynchburg
High school district
Lynchburg
Directions
From Timberlake Rd, turn onto Leesville Rd. In half a mile, turn left onto Village Rd. Property on the right.
Subdivision
Lynchburg
Standard status
Active
APN
25501002
Size
1,820 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
BROOKVILLE VILLAGE, SEC 2, LOT 6
Tax Annual Amount
1612
Legal Description
BROOKVILLE VILLAGE, SEC 2, LOT 6
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1975
Number of units
2
Listing Agency:
Berkshire Hathaway HomeServices Dawson Ford Garbee & Co., REALTORS(R)-Forest
Listed By:
Jonathan McKinney
(434) 455-4777
Added: Aug 3
Changed: Oct 24
Last Checked: Nov 3 at 9:06PM
MLS# 368397
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,820 square feet on a 0.37-acre parcel and was built in 1975. The room inventory includes four bedrooms and two bathrooms, with heat-pump heating and cooling and off-street parking. The property’s two-unit configuration supports residential rental use, subject to applicable zoning and regulations.
Located at 50-52 Village Road in Lynchburg, the property is near Wards Road, Liberty University, shopping, dining, major employers, schools, parks, healthcare, and area roadways. Its Lynchburg location places everyday services and educational, employment, and transportation resources within the surrounding area.
Located at 50-52 Village Road in Lynchburg, the property is near Wards Road, Liberty University, shopping, dining, major employers, schools, parks, healthcare, and area roadways. Its Lynchburg location places everyday services and educational, employment, and transportation resources within the surrounding area.
Key Highlights
- Duplex at 50‑52 Village Road, Lynchburg, VA 24502
- 1,820 square feet on a 0.37‑acre parcel
- Four bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,760
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,200
$315.2K
Cap Rate 7%
$225,143
$225.1K
Cap Rate 9%
$175,111
$175.1K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$25.1K $13.80/SF
− Vacancy
−$2.6K −$1.43/SF
EGI
$22.5K $12.37/SF
− OpEx
−$6.8K −$3.71/SF
NOI
$15.8K $8.66/SF
Area
Lynchburg County, VA
Vacancy
10.36%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,200
Cap Rate 7%
$225,143
Cap Rate 9%
$175,111
Alternative Uses
Best Use
Multifamily LT 5
$225.1K
$197.0K – $262.7K
NOI $15,760 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$206.4K
$180.6K – $240.8K
NOI $14,449 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$539.1K
$471.8K – $629.0K
NOI $37,740 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 24502, VA
41,058
Population
18,576
Households
2.2
Avg Household Size
36
Median Age
39%
College-Educated
92%
High-School Grad
29.9 sq mi
ZIP Area
1,373
Density / Sq Mi
$66,027
Median Household Income
$35,923
Median Earnings
$1,166
Median Rent
$214,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - R-1-zoned duplex with heat-pump heating and cooling systems.
Where is this duplex located?
The property is located at 50-52 Village Road Lynchburg, VA.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Duplex at 50‑52 Village Road, Lynchburg, VA 24502; 1,820 square feet on a 0.37‑acre parcel; Four bedrooms and two bathrooms
