Four-Unit Residential Income
54 Village Road Lynchburg, VA 24502
54 Village Road, Lynchburg, VA, 24502
$420,000
For Sale
$420,000
Quadplex with four 2-bedroom units, each with an eat-in kitchen and dedicated washer/dryer connections.
Property Size3,510 SF
Price / SF$119.66
Days on Market107
Property Features for 54 Village Road
General Information
- Standard status
- Active
- Size
- 3,510 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1976
Listing agency
Elite Realty
(434) 337-0530
Listed by
Luther Maddy · License #0225248916
(434) 337-0530
Source
Compass
Added: Apr 7 Updated: Jul 21 at 3:44PM Checked: Jul 21 at 3:44PM
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 Elite Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property features a quadplex layout with each unit offering 2 bedrooms and 1 full bathroom. The units include functional, tenant-friendly layouts with spacious eat-in kitchens and individual washer and dryer connections for added day-to-day convenience. Separate electric meters are in place for each unit, with the owner currently covering water and lawn care.
The property is located just off Leesville Rd and is described as convenient to nearby shopping, dining, and major roadways.
For those looking to add multifamily housing to a portfolio, the building provides four separate, metered units within a single quadplex configuration.
The property is located just off Leesville Rd and is described as convenient to nearby shopping, dining, and major roadways.
For those looking to add multifamily housing to a portfolio, the building provides four separate, metered units within a single quadplex configuration.
Key Highlights
- Quadplex built in 1976 with four 2‑bedroom, 1‑bath units
- Each unit includes an eat‑in kitchen layout
- Dedicated washer/dryer connections in each unit
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 | $48.4k | $13.80 |
| − Vacancy | −$5.0k | −$1.43 |
| EGI | $43.4k | $12.37 |
| − OpEx | −$13.0k | −$3.71 |
| NOI | $30.4k | $8.66 |
3,510 SF · lease $13.80/SF/yr · vacancy 10.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.2K
$379.9K – $506.6K
NOI $30,394 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$398.1K
$348.3K – $464.4K
NOI $27,865 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.04M
$909.8K – $1.21M
NOI $72,783 @ 7.0% cap · market cap 17.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Quadplex with four 2-bedroom units, each with an eat-in kitchen and dedicated washer/dryer connections.
Where is this quadplex located?
The property is located at 54 Village Road Lynchburg, VA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Quadplex built in 1976 with four 2‑bedroom, 1‑bath units; Each unit includes an eat‑in kitchen layout; Dedicated washer/dryer connections in each unit
