Three-Unit Residential
For Sale
$330,000
Pending
645 Leesville Rd, Lynchburg, VA 24502
Three distinct living spaces include updated kitchens, hardwood flooring, and separate electric meters.
Property Size2,059 SF
Days on Market57
Property Features for 645 Leesville Rd
General Information
Standard status
Pending
Size
2,059 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR efficiency
Multifamily Units
3
Building Details
Construction
Cape Cod
Listing Agency:
Cornerstone Realty Group Inc.
(434) 810-6732
Listed By:
Schyler Coleman Higgins · License #0225225837
(434) 485-9527
Source:
Exprealty
Added: Aug 30
Changed: Oct 10
Last Checked: Oct 24 at 9:35PM
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 Cornerstone Realty Group Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 645 Leesville Rd in Lynchburg, this 2,059-square-foot triplex comprises three separate living spaces. The primary Cape Cod unit offers two bedrooms and one bathroom, with updated kitchen and bath areas, hardwood floors, and a comfortable living area. A separate upstairs efficiency unit adds a compact one-bedroom layout.
A detached ADU provides the third residence and includes a fully updated kitchen with an appliance package. Each unit has its own electric meter, providing distinct utility metering across the property. The combination of a main residence, upper-level efficiency, and detached accessory dwelling creates a clearly separated three-unit configuration.
A detached ADU provides the third residence and includes a fully updated kitchen with an appliance package. Each unit has its own electric meter, providing distinct utility metering across the property. The combination of a main residence, upper-level efficiency, and detached accessory dwelling creates a clearly separated three-unit configuration.
Key Highlights
- 2,059‑square‑foot triplex with three separate living spaces
- Main unit includes 2 bedrooms, 1 bathroom, updated kitchen and bath, and hardwood floors
- Separate upstairs 1‑bedroom efficiency unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,829
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,580
$356.6K
Cap Rate 7%
$254,700
$254.7K
Cap Rate 9%
$198,100
$198.1K
Market Conditions
NOI Build-Up for 2,059 SF
Gross rent
$28.4K $13.80/SF
− Vacancy
−$2.9K −$1.43/SF
EGI
$25.5K $12.37/SF
− OpEx
−$7.6K −$3.71/SF
NOI
$17.8K $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%
$356,580
Cap Rate 7%
$254,700
Cap Rate 9%
$198,100
Alternative Uses
Best Use
Multifamily LT 5
$254.7K
$222.9K – $297.2K
NOI $17,829 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$233.5K
$204.3K – $272.4K
NOI $16,346 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$609.9K
$533.7K – $711.6K
NOI $42,695 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct living spaces include updated kitchens, hardwood flooring, and separate electric meters.
Where is this triplex located?
The property is located at 645 Leesville Rd Lynchburg, VA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 2,059‑square‑foot triplex with three separate living spaces; Main unit includes 2 bedrooms, 1 bathroom, updated kitchen and bath, and hardwood floors; Separate upstairs 1‑bedroom efficiency unit
