6000 Igloe Drive, Lynchburg, VA 24502
Duplex with two separately rented two-bedroom units, offering straightforward multi-tenant ownership.
- Added:
- Jun 3, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 6 at 2:09 am
Property Features for 6000 Igloe Drive
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1996
Listing agent Nadine Blakely License #0225103715 (434) 444-2226
Listing office Re/Max 1st Olympic (434) 444-2226
Listing date Jun 3, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Re/Max 1st Olympic
HighLights
- Duplex with two separately rented units (two units per building)
- Two‑bedroom layout in each unit (2BR per unit)
- Brick and vinyl siding exterior
- Built in 1996
Overview
The property is located conveniently to local colleges and CENTRA, supporting tenant accessibility for both school-related and healthcare-oriented renters. Prospective buyers should arrange a viewing to confirm unit specifics and speak directly with the seller regarding current occupancy and lease details.
For buyers seeking a residential income asset, the key practical feature here is the duplex configuration with two independently rented units. The two-bedroom design is a common fit for a range of household types, and the separate renting arrangement can simplify management expectations compared with a larger building. Schedule an appointment to tour both units and evaluate which updates or maintenance, if any, may be needed to support continued occupancy.
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 | $33.1k | $13.80 |
| − Vacancy | −$3.4k | −$1.43 |
| EGI | $29.7k | $12.37 |
| − OpEx | −$8.9k | −$3.71 |
| NOI | $20.8k | $8.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lynchburg
- County
- Lynchburg
- State
- Virginia
- Longitude
- -79.195464
- Latitude
- 37.3745048
