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    Lynchburg, VA Multifamily Properties for Sale

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    Mixed-Use Property with Three Apartments
    Updated: Sep 18
    Mixed-Use Property with Three Apartments

    821 Main Street, Lynchburg, VA 24504

    $799,900
    6,930 sqft 0.06 AC lot
    6,930 square feet of total property area
    Over 2000 square feet of ground‑floor commercial space
    Three 1‑bedroom, 1‑bath apartments with long‑term tenants
    B‑4 zoning allows commercial and residential uses
    Built in 1875 at 821 Main Street
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    Mixed-Use Property with Apartments
    Updated: Sep 18
    Mixed-Use Property with Apartments

    821 Main Street, Lynchburg, VA 24504

    $799,900
    6,930 sqft 0.06 AC lot
    6,930‑square‑foot mixed‑use property built in 1875
    More than 2,000 square feet of ground‑floor commercial space
    Three 1‑bedroom, 1‑bath apartments on upper levels
    All three apartments currently occupied by long‑term tenants
    B‑4 zoning supports commercial and residential uses
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    Historic Five-Unit Apartment Building
    Historic Five-Unit Apartment Building

    720 Court Street, Lynchburg, VA 24504

    $299,900
    5,395 sqft 0.05 AC lot

    Brick multifamily property with renovation needs across three levels within the Court House Hill-Downtown Historic District.

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    See hot listings in Lynchburg

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Mixed-Use Building with Retail Space
    Mixed-Use Building with Retail Space

    821 Main St, Lynchburg, VA 24504

    $799,900
    6,930 sqft

    Three occupied one-bedroom apartments sit above an available commercial unit in downtown Lynchburg.

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    Historic Five-Unit Apartment Building
    Historic Five-Unit Apartment Building

    720 Court Street, Lynchburg, VA 24504

    $299,900
    5,395 sqft 0.05 AC lot

    Brick multifamily property with five one-bedroom units across three levels and renovation needs in downtown Lynchburg.

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    Duplex with Terrace Apartment
    Duplex with Terrace Apartment

    2311 Rivermont Avenue, Lynchburg, VA 24503

    $299,900
    3,680 sqft 0.28 AC lot

    Two-level layout includes a separate terrace apartment, off-street parking, and garden space.

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    Furnished 2-Unit Duplex
    Furnished 2-Unit Duplex

    121 Northwynd Circle, Lynchburg, VA 24502

    $559,900
    3,516 sqft 0.06 AC lot

    Two furnished residences with established rental use, off-street parking, and convenient access to restaurants, coffee shops, salons, and spas.

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    Furnished Duplex Near Amenities
    Furnished Duplex Near Amenities

    121 Northwynd Cir, Lynchburg, VA 24502

    $559,900
    3,516 sqft

    Two furnished units with established rental use in the Wyndhurst community.

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    Renovated Duplex with Heat Pumps
    Renovated Duplex with Heat Pumps

    1810-1812 Ozone Court, Lynchburg, VA 24503

    $239,900
    1,800 sqft 0.17 AC lot

    Two occupied rental units have separate electric meters, off-street parking, and appliances that include washers and dryers.

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    Two-Story Five-Unit Apartment Building
    Two-Story Five-Unit Apartment Building

    507 Madison Street, Lynchburg, VA 24504

    $395,000
    4,333 sqft 0.19 AC lot

    Built in 1913, the property features an open front porch with heat pump and window-unit systems.

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    5-Unit Historic Apartment Building
    5-Unit Historic Apartment Building

    720 Court St, Lynchburg, VA 24504

    $299,900
    5,395 sqft

    Five one-bedroom, one-bath residences occupy a brick property recognized for its architectural and historical significance.

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

    50-52 Village Road, Lynchburg, VA 24502

    $254,900
    1,820 sqft 0.37 AC lot

    R-1-zoned duplex with heat-pump heating and cooling systems.

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    Updated Duplex with Basement Storage
    Updated Duplex with Basement Storage

    2800-2802 Kulman, Lynchburg, VA 24501

    $279,900
    1,578 sqft 0.36 AC lot

    Updated two-unit property with separate meters, unfinished basement storage, and proximity to Lynchburg’s medical corridor.

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    Three-Unit Residential Property
    Three-Unit Residential Property

    645 Leesville Rd, Lynchburg, VA 24502

    $330,000
    2,059 sqft

    Three distinct living spaces include updated kitchens, hardwood flooring, and separate electric meters.

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    New Construction Side-by-Side Duplex
    New Construction Side-by-Side Duplex

    225 Munford Street, Lynchburg, VA 24501

    $499,900
    2,880 sqft 0.18 AC lot

    Two attached residences offer modern finishes, private outdoor space, and separately metered utilities for tenant-paid service costs.

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    Duplex with Two Kitchens
    Duplex with Two Kitchens

    1401 Garfield Avenue, Lynchburg, VA 24501

    $169,000
    1,718 sqft 0.09 AC lot

    The property includes two kitchen areas and heat-pump heating and cooling.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    507 Madison Street, 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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    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 with heat pump heating and cooling throughout.

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    Spacious Duplex Property
    Spacious Duplex Property

    1609 Rivermont Avenue, 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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    Duplex with Heat Pump
    Duplex with Heat Pump

    1611 Floyd Street, Lynchburg, VA 24504

    $119,000
    2,231 sqft 0.12 AC lot

    The property has R3 zoning and produced income for its prior owner.

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

    2908 Memorial Ave, Lynchburg, VA 24501

    $374,900
    3,624 sqft

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

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    8-Unit Apartment Building
    8-Unit Apartment Building

    1664 Graves Mill Road, Lynchburg, VA 24502

    $899,000
    6,792 sqft 0.70 AC lot

    Eight consistent two-bedroom layouts support straightforward multifamily operations along a commercially active corridor.

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    Renovated Two-Unit Duplex
    Renovated Two-Unit Duplex

    2208 Memorial Avenue, Lynchburg, VA 24501

    $325,000
    2,604 sqft

    Updated interiors, separate utility meters, and efficient heat pumps support owner-occupancy or rental use.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    1664 Graves Mill Road, Lynchburg, VA 24502

    $899,000
    6,792 sqft 0.70 AC lot

    Eight matching residences offer a straightforward two-bedroom, one-bath configuration throughout the property.

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    Lynchburg, VA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Lynchburg, VA, showcased through 47 active listings on our real estate platform. These investment opportunities span a total of 257,754 square feet of properties for sale, with an estimated market value of $18,934,500.

    Sale prices for multifamily properties in Lynchburg, VA start at $119,000, averaging $450,821, 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 15
    Apartment buildings 10
    Quadplexes 3
    Triplexes 3
    Mobile home & RV parks 2

    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 $286.3K
    24503 $472.4K
    24502 $549K
    24504 $566.8K

    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 Residential Income pricing trends in Lynchburg city

    Residential Income

    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

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    • 24502
    • 24504
    • 24503
    • 24588
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