3024 Rivermont Avenue Lynchburg, VA $ 749,900
3024 Rivermont Avenue
$ 749,900
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3024 Rivermont Avenue

Lynchburg, VA, 24503
$ 749,900
Bedrooms8 Baths6.1 Sq 8,697

Monthly Estimate*

$ 5,179

3024 Rivermont Avenue, Lynchburg, VA 24503 - Image 1
3024 Rivermont Avenue, Lynchburg, VA 24503 - Image 2
3024 Rivermont Avenue, Lynchburg, VA 24503 - Image 3
3024 Rivermont Avenue, Lynchburg, VA 24503 - Image 4
3024 Rivermont Avenue, Lynchburg, VA 24503 - Image 5
3024 Rivermont Avenue, Lynchburg, VA 24503 - Image 6
3024 Rivermont Avenue, Lynchburg, VA 24503 - Image 7
3024 Rivermont Avenue, Lynchburg, VA 24503 - Image 8
3024 Rivermont Avenue, Lynchburg, VA 24503 - Image 9
Multi-Family Home for sale in Lynchburg, VA for $749,900 with 8 bedrooms and 6 full baths, 1 half bath. This 8,697 square foot home was built in 1904 on a lot size of 1.1377.

Incredible investment opportunity in the heart of Rivermont! This historic property has been thoughtfully converted into 8 apartments and also includes 726 Riverside Drive with an accessory dwelling unit, bringing the total to 9 income-producing units. The property features updated electrical systems, individual mini-split heating and air-conditioning units, and a strong rental history that makes this an attractive addition to any investment portfolio. A grand foyer entrance welcomes residents with timeless character and charm, while the circular drive and ample off-street parking provide convenience rarely found. Located in one of the area's most desirable neighborhoods, this unique multi-unit property offers the perfect blend of historic appeal and modern updates. Don't miss this exceptional opportunity to own a proven income-producing property with outstanding long-term potential.

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Multi-Family Pending

Price

$ 749,900

Bedrooms

8

Full Bath

6

Half Bath

1

Property Type

Multi-Family

Taxes

$ 5,869

Style

Multi-Family

Lot Size

1.1377

Year Built

1904

Town/City

Lynchburg

County/Region

LYNCHBURG

MLS | Web ID

366392

Features
General
Living Area 8697.00
Sewer City
Heating Heat Pump Other
Cooling Heat Pump Wall Unit(s) Zoned
Zoning R-4
HOA Fee 0.00
Year Built 1904
Property Subtype Multi-Family
Gross Income 91980.00
County Lynchburg
Net Operating Income 0.00
Insurance Expense 0.00
Property Type Multi-Family
MaintenanceExpense 0.00
Subdivision Name Boonsboro Rd Commercial Corrid
Close Price 0.00
Status Pending
Directions Rivermont Ave across from Villa Maria.
City Lynchburg
High School District Lynchburg
Number Of Units Total 10
MLS Area Lynchburg
Lot Size Units Acres
Lot Size Square Feet 49558.00
Electric Expense 0.00
Water Sewer Expense 0.00
Availability Date 1800-01-01
Lease Type Net
Legal Description CORNER RIVERMONT & RIVERSIDE
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Interior
Flooring Carpet Ceramic Tile Concrete Vinyl Wood Floors
3/4 Baths 0
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Exterior
Parking Features Off Street Parking Paved Drive
Water Source City
Lot Size Acres 1.1377
Lot Size Source (Public Records)
Foundation Area 0.00
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 0
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Internal Only
Street Number 1 3024
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* Excluded Features
List By
StevenBucklew

Listing Agent

Blackwater Property Management

Broker

sbucklewhomes@gmail.com

Email

Affordability Calculator

$5,668
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,179
Monthly Property Taxes
$489
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2591920 Elementary School
2591930 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2026$749,900 Listed Price

Map


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3024 Rivermont Avenue, Lynchburg, VA, 24503 is a Multi-Family Home for sale at $749,900 with 8,697 sqft and a lot size of 1.1377. 3024 Rivermont Avenue has 8 bedrooms, 6.1 baths, and was built in 1904. The property's zip code is 24503 which is in Lynchburg, VA