NOT LISTED FOR SALE

1700 Grace St Lynchburg, VA 24504

Diamond Hill Neighborhood
-- Bed
-- Bath
4,464 Sq Ft
10,803 Sq Ft Lot

Last Sold February 25, 2025

Last sale price $151,000 $34 Per Sq Ft

About This Home

As of February 2025

This listing has been entered for comparable purposes only. Expand your investment portfolio with this charming c.1910 shingle-style 5-unit apartment house in the desirable Diamond Hill neighborhood. Ideally situated on a bus line and near major commuter roads, this property offers both convenience and accessibility. Featuring cool architecture, high ceilings, and hardwood floors throughout, it also includes off-street parking and sits on a spacious, easy-to-maintain corner lot. While it boasts excellent income-generating potential, with all units currently occupied- several by long-term tenants the property is sold strictly As-Is/Where-Is'. Buyers should note that the home requires additional improvements, making it an ideal opportunity for those looking to add value.

Last Agent to Sell the Property

Tiffany Blankinship

BHHS Dawson Ford Garbee License #0225068891 Listed on: 02/25/2025

BHHS Dawson Ford Garbee

Last Buyer's Agent

De'lexis Brown

BHHS Dawson Ford Garbee-Forest License #0225212572

BHHS Dawson Ford Garbee-Forest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,649

Year Built

  • Built in 1910

Lot Details

  • 10,803 Sq Ft Lot

Home Design

  • Plaster Walls

Interior Spaces

  • 4,464 Sq Ft Home
  • Wood Flooring

Parking

  • Paved Parking
  • Off-Street Parking

Schools

  • Sandusky Elementary School
  • Sandusky Midl Middle School
  • Heritage High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for exterior maintenance, gas, heating, lawn care, water
  • Assessor Parcel Number 02547001

Community Details

Overview

  • Commercial Misc Subdivision

Building Details

  • Net Lease
  • New Taxes Expense $824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,649

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Directions: Lynchburg Expressway/US-29 N to Grace Street exit (Exit #2); left on Grace St to home at the corner of Grace and Ivy Streets.
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1910
  • Garage Yn: No
  • Taxes Expense: 824.00
  • Property Sub-Type: Multi-Family
  • Subdivision Name: Commercial Misc
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Wood Floors
  • Walls: Plaster

Garage/Parking

  • Parking Features: Off Street Parking, Paved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Window Unit(s)
  • Sewer: City
  • Water Heater: Gas
  • Heating: Steam-Gas
  • Water Source: City

Schools

  • Elementary School: Sandusky Elem
  • High School: Heritage High
  • Middle School: Sandusky Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Acres: 0.2480
  • Lot Size Sq Ft: 10803.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 02547001
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Types Of Leases: Month to Month
  • Owner Pays: Exterior Maintenance, Gas, Heating, Lawn Care, Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 1649

Multi Family

  • Existing Lease Type: Net

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold $151,000 0.0% $34 / Sq Ft
02/25/2025 02/25/25 Pending -- -- --
02/25/2025 02/25/25 For Sale $151,000 -- $34 / Sq Ft
Source: Lynchburg Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Tiffany Blankinship

    BHHS Dawson Ford Garbee

    Section Image

  • D

    Buyer's Agent in 2025

    De'lexis Brown

    BHHS Dawson Ford Garbee-Forest

    (434) 420-1047

    1 in this area

    39 Total Sales

    De'lexis Brown
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 356571

APN: 025 47 001

Virginia Lynchburg City County Lynchburg 24504 Diamond Hill

1700 Grace St, Lynchburg, VA

This home is located at 1700 Grace St, Lynchburg, VA 24504 since 25 February 2025. This property was built in 1910. 1700 Grace St is a home located in Lynchburg City with nearby schools including Sandusky Elementary School, Sandusky Middle School, and Heritage High School.

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