$349,969
PENDING

5036 Fort Ave Unit 1 & 2 Lynchburg, VA 24502

Fort Hill Neighborhood

Estimated payment $2,009/month

Total Views 2,756
6 Beds
2.5 Baths
2,401 Sq Ft
$146 Price per Sq Ft

Highlights

  • City View
  • Wood Flooring
  • Walk-In Closet
  • Multiple Fireplaces
  • Fenced Yard
  • Central Air

About This Home

Welcome to this well-maintained duplex offering excellent flexibility, space, and income opportunities. Unit 1 features three bedrooms, a bonus room (perfect for a home office or guest room), 1.5 baths, new HVac, and a large basement offering ample storage or potential for further development. Unit 2 includes three bedrooms and one full bath, making it ideal for renters or extended family. Both units are in good condition, with functional layouts and solid rental appeal. The property is zoned for both commercial and residential use, opening the door to a variety of investment strategies or owner-occupancy with business operations. Adding even more value, a separate building in the backyardcurrently used for storagewas previously occupied and presents a strong opportunity for a third income stream with the right updates or permitting. Minutes to LU and Wards Rd shopping. Investors or owner-occupiers, please call.

Last Listed By

Sulwyn Palazzo

Realty ONE Group Leading Edge License #0225273529 Listed on: 05/27/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,820

Year Built

  • Built in 1949

Lot Details

  • 0.35 Acre Lot
  • Fenced Yard
  • Property is zoned B-1

Home Design

  • Shingle Roof

Interior Spaces

  • 2,401 Sq Ft Home
  • 1-Story Property
  • Multiple Fireplaces
  • Stone Fireplace
  • City Views
  • Attic Access Panel
  • Washer and Dryer Hookup

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Fireplace in Basement
  • Crawl Space

Schools

  • Sheffield Elementary School
  • Pl Dunbar Midl Middle School
  • Heritage High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Wards Rd Commercial Corridor Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 05310051

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,820

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Directions: Fort Ave in Lynchburg, across from old Hailey's Appliances.
  • Days On Market: No
  • Prop. Type: Residential
  • Year Built: 1949
  • Garage Yn: No
  • Property Sub-Type: Single Family Residence
  • Subdivision Name: Wards Rd Commercial Corridor
  • Above Grade Finished Sq Ft: 2401.00
  • Architectural Style: Ranch
  • Laundryroom Dim: 0.000 x 0.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (2 1)
  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Has Attic: Access
  • Has Basement: Crawl Space, Fireplace, Full, Interior Entrance
  • Flooring: Ceramic Tile, Hardwood, Vinyl, Wood
  • Level 1 Full Bathrooms: 2
  • First Level Half Bathrooms: 1
  • Interior Amenities: Cable Available, Drywall, Main Level Den, Walk-In Closet(s)
  • Dining Kitchen: 15x15 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Washer Connections
  • Living Room: 15x12 Level: Level 1 Above Grade
  • Master Bedroom: 11x15 Level: Level 1 Above Grade
  • Other Room 1: 11x12 Level: Level 1 Above Grade
  • Porch: 13x14 Level: Level 1 Above Grade
  • Additional Room 1 Description: BR with no window
  • Appliances: Dishwasher, Microwave, Range-Elec, Refrigerator, Self Cleaning Oven
  • Half Bathrooms: 1
  • Fireplace: 2 Fireplaces, Stone
  • Stories: One
  • Sixth Bedroom: 13x11 Level: Level 1 Above Grade
  • Fifth Bedroom: 13x14 Level: Level 1 Above Grade
  • Third Bedroom: 9x11 Level: Level 1 Above Grade
  • Fourth Bedroom: 14x10 Level: Level 1 Above Grade
  • Second Bedroom: 9x12 Level: Level 1 Above Grade
  • Room Bedroom5 Area: 182.000000
  • Room Bedroom3 Area: 99.000000
  • Room Master Bedroom Area: 165.000000
  • Room Bedroom4 Area: 140.000000
  • Room Kitchen Area: 225.000000
  • Room Living Room Area: 180.000000
  • Room Bedroom2 Area: 108.000000
  • MasterBedroomDimensions Dim: 11.000 x 15.000
  • Kitchen Dim: 15.000 x 15.000
  • Sunroom Dim: 0.000 x 0.000
  • Master Bedroom Master Bedroom Width: 15.000

Exterior Features

  • Lot Number: 8-9
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: City View, Porch, Fenced Yard

Garage/Parking

  • Garage Dim: 0.000 x 0.000
  • Garage Description: Workshop

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Cooling: Central Electric
  • Sewer: City
  • Water Heater: Electric
  • Heating: Heat Pump
  • Water Source: City

Schools

  • Elementary School: Sheffield Elem
  • High School: Heritage High
  • Middle School: PL Dunbar Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Zoning: B-1
  • Acres: 0.3452
  • Lot Size Sq Ft: 15037.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 05310051

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 1820

Multi Family

  • Existing Lease Type: Net

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 $1,606 $180,500 $86,000 $94,500
2023 $1,606 $180,500 $86,000 $94,500
2022 $1,682 $163,300 $68,800 $94,500
2021 $1,359 $163,300 $68,800 $94,500
2020 $1,531 $137,900 $68,800 $69,100
2019 $1,531 $137,900 $68,800 $69,100
2018 $1,452 $130,800 $51,600 $79,200
2017 $1,452 $130,800 $51,600 $79,200
2016 $1,452 $130,800 $51,600 $79,200
2015 $1,089 $148,700 $45,700 $103,000
2014 $1,651 $148,700 $45,700 $103,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $349,969 -- $146 / Sq Ft
Source: Lynchburg Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $350,000 Reliance Title & Settlement
Deed $130,000 Virginia Title Center
Deed $148,700 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $460,000 Credit Line Revolving
Previous Owner $110,500 Credit Line Revolving
Source: Public Records

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See All Homes in Lynchburg

Source: Lynchburg Association of REALTORS®

MLS Number: 359533

APN: 053-10-051

Virginia Lynchburg City County Lynchburg 24502 Fort Hill

5036 Fort Ave Unit 1 & 2, Lynchburg, VA

This home is located at 5036 Fort Ave Unit 1 & 2, Lynchburg, VA 24502 and is currently priced at $349,969, approximately $145 per square foot. This property was built in 1949. 5036 Fort Ave Unit 1 & 2 is a home located in Lynchburg City with nearby schools including Sheffield Elementary School, Paul Laurence Dunbar Mid. for Innov., and Heritage High School.

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Nearby Homes
Listing Agent
Sulwyn Palazzo
Realty ONE Group Leading Edge