85 Deer Creek Drive Lynchburg, VA 24502
MULTI_FAMILY - Lynchburg, VA
Property Features for 85 Deer Creek Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
- Parking features
- Off Street
- Standard status
- Active
- APN
- 21F525
- Size
- 1,792 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Description
- DEER CREEK - LOT 25 SEC 2
- Tax Annual Amount
- 781
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1980
- Number of units
- 2
Listing agent Matt G Durand License #0225204692 (434) 237-6267
Listing office Mark A. Dalton & Co., Inc. 504 Wyndhurst Dr., Ste. B, Lynchburg, VA (434) 841-8405
Listing date May 27, 2026
Copyright © 2026 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located in Campbell County within the Brookville School District. Public remarks note the home is on a street with no through traffic and is convenient to area destinations, including LU (about 6 minutes) and Target (about 7 minutes).
With both units currently rented on month-to-month leases, this duplex presents a practical option for owner-occupants or investors seeking a straightforward, separately metered rental setup. The combination of updated finishes, conveyed appliances, and a level backyard gives tenants an easy day-to-day experience while maintaining clear unit separation and independent parking access.
Key Highlights
- 1980‑built all‑brick side‑by‑side duplex in Campbell County (Brookville School District)
- Two 2‑bedroom, 1‑bath units; both currently rented on month‑to‑month leases
- Main level living with updated flooring (bamboo and ceramic tile) and full appliance package, including separate washer/dryer (all convey)
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 | $24.7k | $13.80 |
| − Vacancy | −$2.6k | −$1.43 |
| EGI | $22.2k | $12.37 |
| − OpEx | −$6.7k | −$3.71 |
| NOI | $15.5k | $8.66 |
