Brick Side-by-Side
New
For Sale
$289,900
85 Deer Creek Drive, Lynchburg, VA 24502
Multi-Family, Lynchburg, VA
Property Size1,792 SF
Lot Size0.51 Acres
Price / SF$161.77
Days on Market2
Property Features for 85 Deer Creek Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1
Parking features
Off Street
Subdivision
Deer Crk Sec 2
Elementary school
Leesville Road Elem
Middle school
Brookville Midl
High school
Brookville High
Elementary school district
Campbell
Middle school district
Campbell
High school district
Campbell
Directions
Leesville Road to Deer Creek Dr. Home on Right. Look for sign.
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
Legal Description
DEER CREEK - LOT 25 SEC 2
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Amenities
washer/dryer
stoop
yard
Building Details
Year built
1980
Number of units
2
Listing Agency:
Mark A. Dalton & Co., Inc.
(434) 841-8405
Listed By:
Matt G Durand · License #0225204692
(434) 237-6267
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 17 at 5:06PM
MLS# 369907
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.
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Investment Insights
Based on property information with market context.
This 1980-built brick duplex contains two side-by-side units, each with 2 bedrooms and 1 bathroom, for a total of 1,792 square feet. Both residences have main-level living, heat-pump heating and cooling, and separate electric meters. The property includes replacement double-pane vinyl windows, an architectural-shingle roof, gutter guards, and a rear stoop. Updated flooring is noted in both units, with new bedroom carpet in Unit B. Appliances, including separate washers and dryers, convey with the property.
The 0.51-acre parcel has separate driveways and off-street parking. One unit is occupied under a month-to-month lease; the other is not identified as rented in the available information.
The 0.51-acre parcel has separate driveways and off-street parking. One unit is occupied under a month-to-month lease; the other is not identified as rented in the available information.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 bathroom
- 1,792 square feet on a 0.51‑acre parcel
- Brick construction; built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,517
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,340
$310.3K
Cap Rate 7%
$221,671
$221.7K
Cap Rate 9%
$172,411
$172.4K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$24.7K $13.80/SF
− Vacancy
−$2.6K −$1.43/SF
EGI
$22.2K $12.37/SF
− OpEx
−$6.7K −$3.71/SF
NOI
$15.5K $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%
$310,340
Cap Rate 7%
$221,671
Cap Rate 9%
$172,411
Alternative Uses
Best Use
Multifamily LT 5
$221.7K
$194.0K – $258.6K
NOI $15,517 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$203.2K
$177.8K – $237.1K
NOI $14,226 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$530.8K
$464.5K – $619.3K
NOI $37,159 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric meters, driveways, and laundry appliances support independent operation for both residences.
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 $289,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bathroom; 1,792 square feet on a 0.51‑acre parcel; Brick construction; built in 1980
