All-Brick Side-by-Side
For Sale
$299,900
85 Deer Creek Drive, Lynchburg, VA 24502
Turnkey, move-in ready duplex with two 2-bedroom units, separate utilities, and included appliances.
Property Size1,792 SF
Price / SF$167.35
Days on Market83
Property Features for 85 Deer Creek Drive
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Multi-Family / Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Mark A. Dalton & Co., Inc.
(434) 509-3934
Listed By:
Matthew Durand · License #0225204692
(434) 509-3934
Source:
Compass
Added: May 15
Changed: Jul 10
Last Checked: Aug 5 at 11:45AM
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 Mark A. Dalton & Co., Inc.
Investment Insights
Based on property information with market context.
Turnkey all-brick side-by-side duplex offering two 2-bedroom, 1-bath units in move-in ready condition. Each unit features main level living with updated flooring, including bamboo and ceramic tile, as well as a full appliance package with separate washer/dryer; all appliances convey. Improvements also include replacement double pane vinyl windows, an architectural shingled roof, and gutter guards. The units have separate electric meters and separate driveways for practical day-to-day convenience, along with off-street parking. A rear stoop area overlooks a level yard that backs up to woods.
Located in Campbell County within the Brookville School District, the property sits on a street with no through traffic. It is described as convenient to Liberty University (about 6 minutes) and Target (about 7 minutes), supporting easy local access.
For tenants or owners seeking an income-producing duplex setup, the separate meters and driveways help maintain operational clarity, while the included appliances and updated interior finishes reduce immediate turnover work. Both units are currently rented with tenants on month-to-month leases, providing continuity while maintaining flexibility for future occupancy decisions.
Located in Campbell County within the Brookville School District, the property sits on a street with no through traffic. It is described as convenient to Liberty University (about 6 minutes) and Target (about 7 minutes), supporting easy local access.
For tenants or owners seeking an income-producing duplex setup, the separate meters and driveways help maintain operational clarity, while the included appliances and updated interior finishes reduce immediate turnover work. Both units are currently rented with tenants on month-to-month leases, providing continuity while maintaining flexibility for future occupancy decisions.
Key Highlights
- Two 2‑bedroom, 1‑bath side‑by‑side duplex units (both move‑in ready)
- Updated main‑level flooring: bamboo and ceramic tile
- Full appliance package in each unit; separate washer/dryer included (all appliances convey)
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 | $24.7k | $13.80 |
| − Vacancy | −$2.6k | −$1.43 |
| EGI | $22.2k | $12.37 |
| − OpEx | −$6.7k | −$3.71 |
| NOI | $15.5k | $8.66 |
1,792 SF · lease $13.80/SF/yr · vacancy 10.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$221.7K
$194.0K – $258.6K
NOI $15,517 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$203.2K
$177.8K – $237.1K
NOI $14,226 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$530.8K
$464.5K – $619.3K
NOI $37,159 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
97
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey, move-in ready duplex with two 2-bedroom units, separate utilities, and included appliances.
Where is this duplex located?
The property is located at 85 Deer Creek Drive Lynchburg, VA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath side‑by‑side duplex units (both move‑in ready); Updated main‑level flooring: bamboo and ceramic tile; Full appliance package in each unit; separate washer/dryer included (all appliances convey)
