$229,900

2242 Otey St Lynchburg, VA 24501

Fairview Heights Neighborhood

Estimated payment $1,273/month

Total Views 1,226
-- Bed
-- Bath
1,550 Sq Ft
$148 Price per Sq Ft

About This Home

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 mortgage!

Listing Agent

Jason Hinds

DeWitt Real Estate & Auctions License #0225059362 Listed on: 09/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $582

Year Built

  • Built in 1900

Lot Details

  • 5,075 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 1,550 Sq Ft Home

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 05022026

Community Details

Overview

  • Fairview Heights Subdivision

Building Details

  • 1 Separate Water Meter
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$582

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Directions: Campbell Ave. to Otey St. to home on the left
  • Days On Market: Yes
  • Prop. Type: Multi-Family
  • Year Built: 1900
  • Garage Yn: No
  • Property Sub-Type: Multi-Family
  • Subdivision Name: Fairview Heights
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Walls: Drywall

Garage/Parking

  • Parking Features: On-Street

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump
  • Sewer: City
  • Water Heater: Electric
  • Heating: Heat Pump
  • Water Source: City

Schools

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

Lot Info

  • Zoning: R3
  • Acres: 0.1165
  • Lot Size Sq Ft: 5075.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 05022026

Rental Info

  • Sub Lease: No
  • Owner Pays: Sewer, Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 582

Multi Family

  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Number Of Separate Water Meters: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $582 $65,400 $12,000 $53,400
2023 $582 $65,400 $12,000 $53,400
2022 $650 $63,100 $7,500 $55,600
2021 $175 $63,100 $7,500 $55,600
2020 $682 $61,400 $7,500 $53,900
2019 $682 $61,400 $7,500 $53,900
2018 $170 $61,400 $7,500 $53,900
2017 $682 $61,400 $7,500 $53,900
2016 $682 $61,400 $7,500 $53,900
2015 $170 $62,600 $4,000 $58,600
2014 $174 $62,600 $4,000 $58,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2025 09/10/25 For Sale $229,900 -- $148 / Sq Ft
Source: Lynchburg Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Trustee Deed $140,000 None Listed On Document
Trustee Deed $140,000 None Listed On Document
Bargain Sale Deed $30,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $120,000 New Conventional
Source: Public Records

Source: Lynchburg Association of REALTORS®

MLS Number: 361833

APN: 050-22-026

Virginia Lynchburg City County Lynchburg 24501 Fairview Heights

2242 Otey St, Lynchburg, VA

This home is located at 2242 Otey St, Lynchburg, VA 24501 and is currently priced at $229,900, approximately $148 per square foot. This property was built in 1900. 2242 Otey St is a home located in Lynchburg City with nearby schools including William M. Bass Elementary School, Sandusky Middle School, and Heritage High School.

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Jason Hinds
Listing Agent
Jason Hinds
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DeWitt Real Estate & Auctions
(434) 248-3640