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    Lynchburg, VA Multifamily Properties for Sale

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    Updated Duplex With Separate Electric Meters
    Updated: Apr 10
    Updated Duplex With Separate Electric Meters

    2228 Tulip St, Lynchburg, VA 24504

    $164,900
    1,680 sqft
    Fully occupied duplex at 2228 Tulip St, Lynchburg, VA
    1,680 square feet configured as two residential units
    Second‑floor Unit B updated with kitchen finishes, appliances, LVP flooring, paint, toilet, and vanity
    Separate electric meters for each unit
    Single water meter serves the property
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    This listing looks promising.

    Here's a quick look at some key insights for

    2228 Tulip St, Lynchburg, VA

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $208K
      Above asking

    • Property Type

      Duplex
      Built 1917
    View Property Analytics
    Lynchburg Multifamily Investment Opportunity
    Updated: Apr 9
    Lynchburg Multifamily Investment Opportunity

    1664 Graves Mill Road, Lynchburg, VA 24502

    $899,000
    6,792 sqft 0.70 AC lot
    Income‑producing 8‑plex generating $7,700 monthly
    Prime location on Graves Mill Road with high traffic
    Each unit features a desirable 2‑bedroom, 1‑bath layout
    Strong rental history and consistent tenant demand
    Located in a thriving commercial area with long‑term upside potential
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    8-Plex Apartment Building
    8-Plex Apartment Building

    1664 Graves Mill Road, Lynchburg, VA 24502

    $899,000
    6,792 sqft 0.70 AC lot

    Income-producing 8-plex on 0.7007-acre lot with eight 2-bedroom, 1-bath units and heat pump heating and cooling.

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    Five-Plex Apartment Building with Porch
    Five-Plex Apartment Building with Porch

    507 Madison Street, Lynchburg, VA 24504

    $395,000
    4,333 sqft 0.19 AC lot

    Five-plex apartment building with an open front porch and heat pump HVAC plus window units for cooling.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Income-Producing 8-Plex Apartment Building
    Income-Producing 8-Plex Apartment Building

    1664 Graves Mill Rd, Lynchburg, VA 24502

    $899,000
    6,792 sqft

    Eight residential units generate monthly income with consistent 2-bedroom, 1-bath layouts for tenant-ready living.

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    Duplex with Off-Street Parking
    Duplex with Off-Street Parking

    50-52 Village Road, Lynchburg, VA 24502

    $269,900
    1,820 sqft 0.37 AC lot

    Two-unit property with heat pump systems, off-street parking, and R-1 zoning.

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    Updated Duplex with Basements
    Updated Duplex with Basements

    2800-2802 Kulman, Lynchburg, VA 24501

    $284,900
    1,578 sqft 0.36 AC lot

    Two separate residences feature refreshed interiors, individual metering, and unfinished basement areas for storage or future expansion.

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    All-Brick Side-by-Side Duplex with Two Units
    All-Brick Side-by-Side Duplex with Two Units

    85 Deer Creek Drive, Lynchburg, VA 24502

    $299,900
    1,792 sqft 0.51 AC lot

    Turnkey side-by-side duplex with two 2-bedroom, 1-bath units, separate electric meters, and off-street parking.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    507 Madison St, Lynchburg, VA 24504

    $395,000
    4,333 sqft

    Two-story multifamily property with finished interior space and an open front porch in Lynchburg.

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    Side-by-Side Duplex
    Side-by-Side Duplex

    225 Munford Street, Lynchburg, VA 24501

    $499,900
    2,880 sqft 0.18 AC lot

    Side-by-side duplex built in 2024 with separate water and electric meters for each unit and private decks.

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    Duplex with Two Kitchen Areas
    Duplex with Two Kitchen Areas

    1401 Garfield Avenue, Lynchburg, VA 24501

    $169,000
    1,718 sqft 0.09 AC lot

    Duplex on a small lot with two kitchen areas, heat pump HVAC, and four bedrooms for flexible living or leasing.

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    Mixed-Use Fully Leased Investment
    Mixed-Use Fully Leased Investment

    2908 Memorial Ave, Lynchburg, VA 24501

    $415,000
    3,624 sqft

    Two commercial units and four one-bedroom apartments are fully leased in this mixed-use property.

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    Seven-Bedroom Duplex
    Seven-Bedroom Duplex

    1609 Rivermont Avenue, Lynchburg, VA 24503

    $349,900
    3,267 sqft 0.18 AC lot

    Two residential units provide flexible living arrangements along Rivermont Avenue near downtown amenities and Randolph College.

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    Duplex with Two Separate Units
    Duplex with Two Separate Units

    6000 Igloe Drive, Lynchburg, VA 24502

    $309,900
    2,400 sqft 0.19 AC lot

    Duplex built in 1996 offering two separately rented two-bedroom units per building.

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    Duplex With Separate Electric Meters
    Duplex With Separate Electric Meters

    2228 Tulip Street, Lynchburg, VA 24504

    $164,900
    1,680 sqft 0.12 AC lot

    Duplex with two electric meters, single water meter, and updated second-floor unit features plus off-street parking

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    Updated Separately Metered Duplex
    Updated Separately Metered Duplex

    2800 Kulman Pl, Lynchburg, VA 24501

    $284,900
    1,578 sqft

    Two refreshed units feature private unfinished basements and separate utility metering for flexible occupancy or leasing.

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    Victorian Office/Multifamily Property on Rivermont
    Victorian Office/Multifamily Property on Rivermont

    2525 Rivermont Ave., Lynchburg, VA 24503

    $825,000
    3 sqft

    Early 1900s Victorian property in the heart of Rivermont Avenue.

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    Spacious Duplex Property
    Spacious Duplex Property

    1609 Rivermont Ave, Lynchburg, VA 24503

    $349,900
    3,267 sqft

    Two-unit residential income property with substantial living areas and an owner-occupant configuration.

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    Wyndhurst Residential Investment Property
    Wyndhurst Residential Investment Property

    736 Wyndhurst Dr, Lynchburg, VA 24502

    Contact for pricing
    2,142 sqft

    Two-level residential property with finished basement in Wyndhurst.

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    Updated Brick Duplex
    Updated Brick Duplex

    3498 Powhatan Street, Lynchburg, VA 24501

    $179,900

    Two-level layout includes a separate lower suite with its own entrance and full kitchen.

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    Brick Quadplex with Recent Updates
    Brick Quadplex with Recent Updates

    157 Oak Hill Drive, Lynchburg, VA 24502

    Contact for pricing

    Separately metered apartments include washer/dryer hookups, off-street parking, and a varied bedroom mix.

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    Corner Lot Automotive & Mixed-Use Property
    Corner Lot Automotive & Mixed-Use Property

    811 5th St, Lynchburg, VA 24504

    $1,500,000
    32,544 sqft

    Leased apartments and a garage workshop with multiple car lifts support flexible uses on a corner lot with long street frontage.

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    Three-Park Mobile Home Community
    Three-Park Mobile Home Community

    102 Parkwood Dr, Lynchburg, VA 24588

    Contact for pricing

    Portfolio of three mobile home parks featuring park-owned homes, recently serviced septic systems, and mix of well and city water.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 23 Active Listings in Lynchburg, VA, we suggest to view alternatives - similar 49 Off-Market properties to explore as potential leads.

    Off-Market Properties in Lynchburg, VA

    Consider similar Off-Market properties in Lynchburg, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2009 Longwood Rd
    APARTMENT HOUSE (5+ UNITS)

    2009 Longwood Rd, Lynchburg, VA 24503-2217

    $365,000
    Estimated value
    7,084 sqft 0.60 AC lot
    View details

    Lynchburg, VA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Lynchburg, VA, showcased through 23 active listings on our real estate platform. These investment opportunities span a total of 91,015 square feet of properties for sale, with an estimated market value of $9,554,900.

    Sale prices for multifamily properties in Lynchburg, VA start at $164,900, averaging $477,745, and reaching up to $1,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 10
    Apartment buildings 5
    Quadplexes 2
    Mobile home & RV parks 1
    Triplexes 1

    Demographics Overview

    Population 103K
    Population Growth (5Y) -3.8%
    Median Household Income $64,253
    College Educated 25.7%

    High-Yield Neighborhoods for Investment

    Identify Lynchburg submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    24501 $299.5K
    24503 $436.1K
    24502 $627.1K
    24504 $686.6K

    Taxes & Financing

    Tax Rate (average for all types) 0.82%
    Property Tax per SF $9.77 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lynchburg city

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lynchburg city

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Lynchburg fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Lynchburg, VA

    • 24502
    • 24501
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    • 24588

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