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    1664 Graves Mill Rd Lynchburg, VA 24502
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    Property profile & analytics

    1664 Graves Mill Rd, Lynchburg, VA 24502

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    • Apartment buildings
    • 6,792 SF
    • 0.70 lot acres
    Lynchburg Multifamily Investment Opportunity For Sale
    $899,000
    6,792 SF

    Lynchburg Multifamily Investment Opportunity

    Income-producing 8-plex in high-traffic location with strong rental history.

    1664 Graves Mill Road, Lynchburg, VA 24502
    View Listing
    Property ID
    US87-1754451
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    8.3%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Sandusky / High School

    Property Details for 1664 Graves Mill Rd

    Year built
    1970
    Construction
    FRAME
    Lot size
    0.70 lot acres
    Zone code
    B1
    Property type
    Apartment buildings
    APN
    240 13 005
    APU
    24013005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2023 — Rjc Holdings LLC — Deed · related $644k · Select Bank
    Apr 4, 2023 $620,000 Rjc Holdings LLC Jca Holdings LLC Bargain And Sale Deed —
    Apr 26, 2021 — Jca Holdings LLC Ago Properties LLC Correction Deed · related —
    Jun 18, 2020 $405,000 Jca Holdings LLC Ago Properties LLC Deed $324k · Carter Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $635,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $900,000
      6.5%
      $830,000
      7%
      $770,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $502,000
      Market price range: $156k - $1.44M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Lynchburg
    County
    Lynchburg City
    State
    Virginia
    Longitude
    -79.2409
    Latitude
    37.3773
    CBSA code
    31340
    CBSA name
    LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,012
    $140,000
    $310,800
    $450,800
    -
    $140,000
    $310,800
    $450,800
    View Listing
    More about this property
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