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820 Rivermont Avenue, Lynchburg, VA 24504

Lynchburg
Local realty services provided by:CENTURY 21 Realty @ Home
820 Rivermont Avenue,Lynchburg, VA 24504
$259,900
  • - Beds
  • - Baths
  • 2,199 sq. ft.
  • Multi-family
  • Active
Listed by: kenny turner
Office: evolution realty partners llc.
MLS#:368440
Source:VA_LAR

Price summary

  • Price:$259,900
  • Price per sq. ft.:$118.19

About this home

Great investment opportunity! This R-4 zoned property on historic Rivermont Avenue has been converted into an upper and lower duplex, offering immediate rental income in one of Lynchburg's most desirable neighborhoods where property values continue to appreciate. The lower-level unit features 2 bedrooms, while the upper-level unit offers 3 bedrooms. Both units are currently tenant-occupied, providing consistent income for investors. The property has been converted to all-electric service with separate electric meters for each unit, allowing tenants to pay their own electric bills. The owner is responsible only for water service, helping to keep operating expenses low. Whether you're looking to expand your investment portfolio or purchase a value-add property in a prime location, this income-producing duplex is an excellent opportunity with strong long-term potential.

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Home facts

  • Year built:1905
  • Listing ID #:368440
  • Added:1 day(s) ago
  • Updated:August 05, 2026 at 01:28 PM

Rooms and interior

  • Living area:2,199 sq. ft.

Heating and cooling

  • Heating:Heat Pump

Structure and exterior

  • Year built:1905
  • Building area:2,199 sq. ft.
  • Lot area:0.1 Acres
  • Construction Materials:Wood Siding

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$259,900
  • Price per sq. ft.:$118.19

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