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Listed price in listed location currency (USD).
$345,000

000

MLS® 366481

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1916
MLS® Number 366481

Property Address: 1511 Rivermont Avenue, Lynchburg, VA, 24503

Average square foot calculated using Size range provided by listing agent.

Description

Historic 1916 stucco duplex nestled in Lynchburg's coveted Rivermont Historic District. Both units are occupied and generating $2, 390/month in gross rent. Unit 1511 offers 3 bedrooms and 1.5 baths with a long-term tenant at $795/month well below market and primed for upside at lease renewal. Unit 1513 features 3 bedrooms and 1 full bath commanding $1, 595/month, reflecting strong demand along this premier corridor. Classic architectural details include a hip roof with slate tile, stucco exterior, hot water heat, and generous covered porch space. Full unfinished basement offers storage or future finishing potential. Tenants handle all lawn care and landscaping, keeping owner responsibilities minimal. Located in the EC Glass High School district, minutes from Randolph College, the James River trail, and downtown Lynchburg. A turnkey investment with immediate income and real room to grow.
MLS® Number366481
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1916
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 15, 2026List Date
$345,000List Price

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