Renovated Duplex with Rear
58 West Princeton Circle Lynchburg, VA 24503
58 West Princeton Circle, Lynchburg, VA, 24503
$314,900
For Sale
$314,900
Fully renovated duplex features a new HVAC system, updated kitchens and terrace level, and a rear deck with scenic views.
Property Size1,705 SF
Price / SF$184.69
Days on Market98
Property Features for 58 West Princeton Circle
General Information
- Standard status
- Active
- Size
- 1,705 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1960
Listing agency
LPT Realty, Inc
(434) 941-9497
Listed by
Sky Pacot · License #0225053735
(434) 941-9497
Source
Compass
Added: Apr 15 Updated: Jul 21 at 7:51AM Checked: Jul 21 at 7:51AM
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 LPT Realty, Inc
Investment Insights
Based on property information with market context.
This fully renovated duplex has been owned and maintained by the same owner for 28 years. Updates include a new HVAC system installed this year, a brand-new kitchen on the upper level, and renovations to the terrace level. The bathrooms feature classic black and white subway tile, and both levels include modern appliances. A new rear deck adds outdoor space, with views described as of a creek and wooded area. The property also includes a common laundry area with hook-ups for each unit.
The duplex is conveniently located within walking distance of Randolph College and Rivermont Avenue.
Each unit is supported by its own laundry hook-ups through the shared laundry area, supporting separate day-to-day use within the duplex configuration.
The duplex is conveniently located within walking distance of Randolph College and Rivermont Avenue.
Each unit is supported by its own laundry hook-ups through the shared laundry area, supporting separate day-to-day use within the duplex configuration.
Key Highlights
- Fully renovated duplex with modern updates throughout
- New HVAC system installed this year
- Upper level includes a brand‑new kitchen with modern appliances
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 | $23.5k | $13.80 |
| − Vacancy | −$2.4k | −$1.43 |
| EGI | $21.1k | $12.37 |
| − OpEx | −$6.3k | −$3.71 |
| NOI | $14.8k | $8.66 |
1,705 SF · lease $13.80/SF/yr · vacancy 10.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$210.9K
$184.6K – $246.1K
NOI $14,764 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$193.4K
$169.2K – $225.6K
NOI $13,536 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$505.1K
$441.9K – $589.3K
NOI $35,355 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully renovated duplex features a new HVAC system, updated kitchens and terrace level, and a rear deck with scenic views.
Where is this duplex located?
The property is located at 58 West Princeton Circle Lynchburg, VA.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Fully renovated duplex with modern updates throughout; New HVAC system installed this year; Upper level includes a brand‑new kitchen with modern appliances
