20

Lynchburg, VA Multifamily Homes & Duplexes for Sale

Section Image
  • /76

    $354,900

    • 3,205 Sq Ft

    405 Harrison St, Lynchburg, VA 24504

    This rare historic duplex in Garland Hill Historic District is an amazing opportunity to live in one unit and rent out the other OR own a tenant ready investment property in Downtown Lynchburg. Built in 1885 this home is full of original restored charm including refinished heart pine floors, arched doorways, and sky high ceilings, all with the modern updates you're looking for including: new

    Victoria Bartholomew John Stewart Walker, Inc

    405 Harrison St, Lynchburg, VA 24504
  • /46

    $199,900

    • 1,743 Sq Ft

    500 Stafford St, Lynchburg, VA 24501

    NEW PRICE !! Excellent Investment Opportunity !! 3 one bdrm units walking distance to University of Lynchburg. New laminate flooring & carpet throughout. New interior paint .3 electric boxes, 3 hot water heaters,2 heat pumps on main level & a mini split in 2nd floor apart. 2 car carport area under property. Aluminum siding. Two 1st floor apartments w/ 1 bdrm,1 bath , LR, Kitchens w/ range,

    Jeff Barker Re/Max 1st Olympic

    500 Stafford St, Lynchburg, VA 24501
  • /31

    $174,900

    • 1,680 Sq Ft

    2228 Tulip St, Lynchburg, VA 24504

    Fully occupied and cash-flowing from day one, this Lynchburg duplex generates a strong $1,700/month ($900 Unit A, $800 Unit B). Unit A is beautifully maintained, while Unit B, located on the second floor for added privacyhas been extensively updated with new kitchen countertops, cabinets, appliances, LVP flooring, fresh paint, a new toilet, and vanity. Separate electric meters for each unit

    Noah Gatto Keller Williams

    2228 Tulip St, Lynchburg, VA 24504
  • /32

    $825,000

    • 3,900 Sq Ft

    2525 Rivermont Ave, Lynchburg, VA 24503

    Early 1900s Victorian Office/Multifamily property located in the heart of Rivermont Ave. Consisting of over 3,900 SF with an unfinished 4th level and small basement for storage. Property is currently being used for professional office space with a private parking lot and great access to Rivermont Ave. Zoning allows the property to continue to be used for office or could be converted to

    Ricky Read Coldwell Banker Commercial Rea

    2525 Rivermont Ave, Lynchburg, VA 24503
  • /42

    $269,900

    • 1,607 Sq Ft

    4519 Alabama Ave, Lynchburg, VA 24502

    Welcome to 4519 Alabama Ave! This unique property offers incredible versatility with a separate apartment located on the backside of the home - perfect for rental income or multigenerational living. The main home features 3 BRs (2 on main level & 1 in finished attic area w/closet & window) 1 full bath, an open living room, kitchen area and a bright screened in porch. The home also includes a full

    Ryan Gardner Blanks Properties, Inc.

    4519 Alabama Ave, Lynchburg, VA 24502
  • /6

    $899,000

    • 6,792 Sq Ft

    1664 Graves Mill Rd, Lynchburg, VA 24502

    Don't miss this income-producing 8-plex (16 bedrooms/ 8 baths) ideally located in a high-traffic corridor on Graves Mill Road, surrounded by established restaurants, businesses, and everyday conveniences. This prime location offers easy access to the expressway, airport, and local colleges, making it highly desirable for tenants. Each of the eight units features 2 bedrooms and 1 full bath,

    Jimmy Rufus eXp Realty LLC-Stafford

    1664 Graves Mill Rd, Lynchburg, VA 24502
  • /26

    $900,000

    309 Wyndale Dr, Lynchburg, VA 24501

    Unlock the potential of a rare multifamily opportunity with flexibility built in. This property offers immediate income with a single-family home, while presenting a much larger vision for the future. Concept plans have been drawn for a potential 93-unit apartment community or townhome development, making this an ideal option for investors, builders, or those looking to expand their portfolio.

    Zach Willis Keller Williams

    309 Wyndale Dr, Lynchburg, VA 24501
  • /5

    $620,000

    • 46,266 Sq Ft

    4327 Sussex St, Lynchburg, VA 24501

    Investor Opportunity - Three Duplexes Sold as a Package in a Prime Location! This income-producing portfolio features six units with significant recent upgrades, minimizing immediate capital expenditures. All buildings have new roofs, with the center duplex upgraded to a durable metal roof. Each unit is equipped with new HVAC systems, and the majority have been updated with modern finishes

    CHERYL R WALTON NextHome TwoFourFive

    4327 Sussex St, Lynchburg, VA 24501
  • /3

    $289,900

    112 Water Gate Dr, Lynchburg, VA 24502

    Great opportunity to own a two‑story duplex with 2 bedrooms and 1.5 baths per unit, plus an unfinished basement for storage or future expansion. Each side includes a heat pump and appliances convey. Ideal for investors or homeowners looking to offset their mortgage by renting the second unit.

    Franklin Viar Century 21 ALL-SERVICE

    112 Water Gate Dr, Lynchburg, VA 24502
  • /11

    $335,000

    • 2,276 Sq Ft

    148 Edgewood Dr, Lynchburg, VA 24502

    House Hack This Duplex with Garage Near Liberty University! Live in one side and let the other help pay your mortgageor cash flow from day one. This well-maintained Campbell County duplex is just minutes to Liberty University, Wards Rd, shopping, dining, and a nearby bus stop for added tenant convenience. Features include a 3BR/2BA unit + 2BR/1BA unit, both with vaulted ceilings, spacious

    Wanda Robertson Virginia Homes & Land Realty

    148 Edgewood Dr, Lynchburg, VA 24502
  • /96

    $1,450,000

    • 9,737 Sq Ft

    Unlisted Address

    Step into a world where luxury, convenience, and history coexist. The Carriage House Inn offers 8 BR/8.5 baths across 3 distinct living spaces. This 1/2 block boutique inn has five rental suites plus event space blending timeless architecture. The main house (can convert to primary residence) offers over 5,800 SF with a dramatic wraparound porch, soaring ceilings, restored original lighting and

    Jimmy Rufus eXp Realty LLC-Stafford

    Unlisted Address
  • /18

    $209,900

    • 1,550 Sq Ft

    2242 Otey St, Lynchburg, VA 24501

    Newly renovated duplex in the heart of Lynchburg! Convenient to Liberty University and downtown, This property offers two, 2BR/1BA units that have been completely renovated. Separate electric meters, one water meter. Both apartments have their own private back patio, central heat and air, as well as their own washer and dryer hook ups. Live in one side and have the other unit pay for your

    Jason Hinds DeWitt Real Estate & Auctions

    2242 Otey St, Lynchburg, VA 24501
  • /27

    $194,900

    • 2,109 Sq Ft

    1103 Rivermont Ave, Lynchburg, VA 24504

    Located in the heart of Lynchburg, this charming duplex at 1103 Rivermont Ave offers a fantastic investment opportunity. The main level features 2 bedrooms, 1 full bathroom, and a kitchen equipped with refrigerator, microwave, and stove. The upper unit offers 3 bedrooms, 1 full bathroom, and a kitchen with refrigerator, stove ideal for separate living spaces or rental income potential. This

    Trevor Gillispie Elite Realty

    1103 Rivermont Ave, Lynchburg, VA 24504
  • /4

    $520,000

    1505 Edley Place, Lynchburg, VA 24502

    Fully occupied investment opportunity featuring two all-brick duplex buildings (4 total units) with numerous recent upgrades. Both buildings offer new roofs and new HVAC systems in every unit. Interiors have been updated with luxury vinyl plank (LVP) flooring, new appliances, recessed (can) lighting, and updated fixtures. The property sits on a spacious lot with ample parking for tenants. The two

    CHERYL R WALTON NextHome TwoFourFive

    1505 Edley Place, Lynchburg, VA 24502
  • /54

    $345,000

    • 2,604 Sq Ft

    2208 Memorial Ave, Lynchburg, VA 24501

    Beautifully Renovated 3-Bedroom Duplex for Sale. This fully renovated two-story duplex features two spacious 3-bedroom, 1-bath units (one on the main level and one on the upper level). Each unit boasts brand-new kitchen and bathroom cabinetry, modern appliances, luxury flooring, and fresh paint throughout. Additional upgrades include insulated windows and high-efficiency Trane heat pumps for

    Pete Sims Sims Realty & Mortgage Corp

    2208 Memorial Ave, Lynchburg, VA 24501
  • /14

    $695,000

    • 8,493 Sq Ft

    1018 Rivermont Ave, Lynchburg, VA 24504

    Prime Multi-Family Development or Adaptive Reuse Opportunity! Situated at 1018 Rivermont Ave., consisting of approx. 1.5 acres of land near the vibrant downtown district. The site currently features a historic 1897 Revival-style brick church being roughly 8,493 sq. ft. This structure provides an exceptional canvas for an adaptive reuse project, allowing developers to retain historic charm while

    Luke Dykeman Coldwell Banker Commercial Rea

    1018 Rivermont Ave, Lynchburg, VA 24504
  • /22

    $420,000

    • 3,510 Sq Ft

    54 Village Rd, Lynchburg, VA 24502

    Rare quadplex opportunity conveniently located just off Leesville Rd. Each unit features 2 bedrooms and 1 full bathroom with a functional layout designed to appeal to tenants. Units include spacious eat-in kitchens and individual washer and dryer connections, adding everyday convenience. The property offers separate electric meters, while the owner currently pays for water and lawn care. With

    Luther Maddy Elite Realty

    54 Village Rd, Lynchburg, VA 24502
  • /9

    $55,000,000

    • 25,000 Sq Ft

    2595 Waterlick Rd, Lynchburg, VA 24502

    The Epiphany @ Blue Ridge Commons is an exclusive enclave of 240 meticulously designed luxury apartment units that will blend sophistication with comfort. Construction and lease-up soon to begin. This community is strategically priced with a conservative 6% CAP Rate that comes in 5M under market value, positioning experienced investors with a huge upside and built in equity. Conveniently located

    Scottie Booker Divine Fog Realty Company LLC

    2595 Waterlick Rd, Lynchburg, VA 24502
  • /21

    $174,000

    • 1,630 Sq Ft

    1014 Buchanan St, Lynchburg, VA 24501

    This 1800's Queen Anne Victorian home has all you need. It has been converted into a duplex. This second floor one bedroom has plenty of closet and storage space. Fully updated ,while keeping the Victorian charm, and has all amenities which includes a large fenced in back yard and a wrap around rocking chair front porch on the main level. Stackable washer and dryer. Comcast Xfinity wireless

    Schyler Higgins Cornerstone Realty Group Inc.

    1014 Buchanan St, Lynchburg, VA 24501
  • /65

    $314,900

    • 1,705 Sq Ft

    58 W Princeton Cir, Lynchburg, VA 24503

    This is a prime investment opportunity featuring a fully renovated duplex (owned and maintained by the same owner for 28 years) conveniently located within walking distance of Randolph College and Rivermont Avenue. Ideal for either owner-occupied rental or short-term rental investment, this property is situated in a neighborhood where similar homes have shown strong performance. Significant

    Sky Pacot LPT Realty, Inc

    58 W Princeton Cir, Lynchburg, VA 24503

Why Live in Lynchburg

Nestled in the Blue Ridge Mountains along the James River, Lynchburg combines outdoor recreation with rich history and culture. The Blackwater Creek Trail system provides over 30 miles of paths for walking and cycling, while Percival's Island Natural Area lets residents enjoy James River views. Families frequent Amazement Square, an award-winning children's museum, and history buffs explore the Federal-style Point of Honor mansion and the Anne Spencer House & Garden Museum. The Academy Center of the Arts and Riverviews Artspace showcase local cultural talent, while restaurants like Waterstone Pizza and The Water Dog serve creative fare in historic downtown settings.

The Lynchburg housing market features diverse options across distinct neighborhoods. The median single family home price in Boonsboro reaches $500,000, while Rivermont's median sits at $167,700. Forest commands a median of $415,000, and Wyndhurst homes typically sell for $396,000. Townhomes throughout the city have a median price of $275,000, while one bedroom condos start at a median of $224,500.

Living costs run 7.2% below the national average. A family with school-age children needs approximately $98,000 annually to live comfortably, with monthly housing costs around $2,000 and groceries at $1,500. The property tax rate of 0.84% falls between nearby Charlottesville at 0.81% and Roanoke at 1.01%. Public transportation includes the Greater Lynchburg Transit Company bus system and Amtrak service to Northeast corridor cities. Top-rated schools include Forest Elementary and Virginia Episcopal School. Major employers include Liberty University, BWX Technologies, and Genworth Financial, supporting a growing technology and manufacturing sector.

Home Trends in Lynchburg, VA

Housing Trends

Median Sale Price
$279,900
Median Single Family Sale Price
$269,900
Median Townhouse Sale Price
$265,950
Median 2 Bedroom Sale Price
$226,500
Median 1 Bedroom Sale Price
$228,450
Average Price Per Sq Ft
$159
Number of Homes for Sale
202
Last 12 months Home Sales
949
Months of Supply
2.60
Median List Price
$274,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
How to Buy a Home How to Finance a Home How to Sell a Home