2244 Memorial Ave Lynchburg, VA 24501
Miller Park NeighborhoodEstimated payment $1,325/month
Total Views
14,827
--
Bed
--
Bath
2,084
Sq Ft
$110
Price per Sq Ft
About This Home
Outstanding Investment Opportunity - Minutes from Liberty & University of Lynchburg! This fully vacant duplex offers an ideal setup for both seasoned investors and first-time buyers looking to build equity and generate strong cash flow. With both units move-in ready, you can place tenants at current market rents from day one. This property is perfectly positioned for long-term appreciation, tenant stability, and attractive returns. Don't miss your chance to secure a value-add asset in one of Lynchburg's fastest-growing rental markets!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,210
Year Built
- Built in 1923
Lot Details
- 5,445 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 2,084 Sq Ft Home
- Plaster Walls
Flooring
- Wood
- Vinyl
Schools
- Rs Payne Elementary School
- Pl Dunbar Midl Middle School
- E. C. Glass High School
Utilities
- Heat Pump System
- Electric Water Heater
Community Details
- Net Lease
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,210 | $136,000 | $12,000 | $124,000 |
| 2023 | $809 | $90,900 | $12,000 | $78,900 |
| 2022 | $778 | $75,500 | $6,000 | $69,500 |
| 2021 | $838 | $75,500 | $6,000 | $69,500 |
| 2020 | $791 | $71,300 | $6,000 | $65,300 |
| 2019 | $791 | $71,300 | $6,000 | $65,300 |
| 2018 | $745 | $67,100 | $6,000 | $61,100 |
| 2017 | $745 | $67,100 | $6,000 | $61,100 |
| 2016 | $745 | $67,100 | $6,000 | $61,100 |
| 2015 | $745 | $67,100 | $6,000 | $61,100 |
| 2014 | $745 | $70,300 | $6,000 | $64,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | Price Changed | $229,900 | -4.2% | $110 / Sq Ft |
| 08/04/2025 08/04/25 | For Sale | $239,900 | +118.1% | $115 / Sq Ft |
| 09/01/2022 09/01/22 | Sold | $110,000 | -9.1% | -- |
| 05/31/2022 05/31/22 | Pending | -- | -- | -- |
| 03/22/2022 03/22/22 | For Sale | $121,000 | +63.5% | -- |
| 03/22/2017 03/22/17 | Sold | $74,000 | -7.5% | $32 / Sq Ft |
| 02/21/2017 02/21/17 | Pending | -- | -- | -- |
| 09/10/2015 09/10/15 | For Sale | $80,000 | -- | $35 / Sq Ft |
Source: Lynchburg Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $225,000 | None Listed On Document | |
| Bargain Sale Deed | $110,000 | Old Republic National Title | |
| Deed | $74,000 | Absolute Title & Settlement | |
| Deed | $24,900 | None Available | |
| Trustee Deed | $15,750 | None Available | |
| Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $168,250 | New Conventional | |
| Previous Owner | $112,000 | Construction | |
| Previous Owner | $16,678 | New Conventional | |
| Previous Owner | $72,659 | FHA | |
| Previous Owner | $52,500 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Source: Lynchburg Association of REALTORS®
MLS Number: 361033
APN: 011-04-018
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