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Fairview Heights Multifamily Home for Sale

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    $179,900

    • 1,786 Sq Ft

    2278 Otey St, Lynchburg, VA 24501

    Great Investment Opportunity. This four-unit package includes a multi-family building and a single-family home (2530 Morson Street). Fully rented with long-term tenants in place. Conveniently located near shopping, dining, and major roadways, this property offers steady cash flow and investment potential. Square footage is estimated to be all 4 units. Photos reflect unit #2 at latest vacancy. A

    James Enoch Blackwater Property Management

    2278 Otey St, Lynchburg, VA 24501

Why Live in Fairview Heights

Fairview Heights, located about 3 miles from downtown Lynchburg, offers a rural atmosphere with proximity to the James River and major universities like the Virginia University of Lynchburg and Liberty University. The neighborhood features larger lots compared to surrounding areas, attracting many first-time homebuyers, particularly recent college graduates. Housing options include farmhouses with expansive yards, Craftsman homes with smaller yards, and ranch-style homes with spacious front porches. Campbell Avenue, which becomes U.S. Route 501, is a main highway running through the area, and public bus service is available. Lynchburg Regional Airport is 6 miles away. Local amenities include the Food Lion grocery store and Maxway discount store on Florida Avenue. Dining options feature Trust Chinese Restaurant and Big Lick Tropical Grill, which offers Caribbean and American dishes with live music on Thursdays and weekends. Recreational facilities include the Fairview Heights Recreation Center with a playground, tennis and basketball courts, and picnic tables, and Younger Park with a trike track and playground. The Jubilee Family Center provides summer field trips and reading programs for children. Outdoor activities on the James River include boating, canoeing, tubing, and fishing. Educational institutions in the area include William M. Bass Elementary School, Paul Lawrence Dunbar Middle School, and the highly rated E.C. Glass High School. Liberty Christian Academy, a private school, also has high ratings. Nearby churches include Thomas Road Baptist Church, Fairview Christian Church, and Unity In The Seven Hills.

Home Trends in Fairview Heights, VA

Housing Trends

Median Sale Price
$141,200
Median Single Family Sale Price
$145,000
Median Townhouse Sale Price
$157,450
Average Price Per Sq Ft
$126
Number of Homes for Sale
8
Last 12 months Home Sales
52
Months of Supply
1.80
Median List Price
$149,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
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