Two-Unit Duplex
6000 Igloe Drive Lynchburg, VA 24502
6000 Igloe Drive, Lynchburg, VA, 24502
$309,900
For Sale
$309,900
Duplex with two separately rented two-bedroom units, offering straightforward multi-tenant ownership.
Property Size2,400 SF
Price / SF$129.13
Days on Market81
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 agency
Re/Max 1st Olympic
(434) 444-2226
Listed by
Nadine Blakely · License #0225103715
(434) 444-2226
Source
Compass
Added: May 3 Updated: Jul 10 at 1:49PM Checked: Jul 22 at 9:44AM
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 Re/Max 1st Olympic
Investment Insights
Based on property information with market context.
This duplex consists of two units, with two bedrooms per unit. Each unit is rented separately, providing an owner the structure of a two-door income property rather than a single-tenant setup. The property is described as sturdy, and buyers can tour Unit A and Unit B by appointment to review the layouts and current condition.
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.
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.
Key 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
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 |
2,400 SF · lease $13.80/SF/yr · vacancy 10.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.9K
$259.8K – $346.4K
NOI $20,782 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$272.2K
$238.2K – $317.6K
NOI $19,053 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$710.9K
$622.1K – $829.4K
NOI $49,766 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with two separately rented two-bedroom units, offering straightforward multi-tenant ownership.
Where is this duplex located?
The property is located at 6000 Igloe Drive Lynchburg, VA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Duplex with two separately rented units (two units per building); Two‑bedroom layout in each unit (2BR per unit); Brick and vinyl siding exterior
