Turnkey Side-by-Side
85 Deer Creek Drive Lynchburg, VA 24502
85 Deer Creek Drive, Lynchburg, VA, 24502
$299,900
For Sale
$299,900
MULTI_FAMILY - Lynchburg, VA
Property Size1,792 SF
Lot Size0.51 Acres
Price / SF$167.35
Days on Market56
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 agency
Mark A. Dalton & Co., Inc.
(434) 841-8405
Listed by
Matt G Durand · License #0225204692
(434) 237-6267
Added: May 27 Updated: Jun 23 at 6:50AM Checked: Jul 21 at 12:06PM
MLS# 366766
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.
This turnkey, all-brick side-by-side duplex offers two separate 2-bedroom, 1-bath units in move-in ready condition. Each unit includes updated main-level flooring with bamboo and ceramic tile, a full appliance package, and separate washer/dryer units that convey with the property. Replacement double-pane vinyl windows and an architectural shingled roof are also in place, along with gutter guards. Both units have separate electric meters and separate driveways providing off-street parking. A rear stoop area overlooks a level yard that backs up to woods.
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.
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 |
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in ready duplex with two 2-bedroom units, separate meters, and off-street parking for convenient occupancy.
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: 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)
