1511 Rivermont Avenue Lynchburg, VA $ 345,000
1511 Rivermont Avenue
$ 345,000
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1511 Rivermont Avenue

Lynchburg, VA, 24503
$ 345,000
Bedrooms6 Baths2.1

Monthly Estimate*

$ 2,383

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Multi-Family Home for sale in Lynchburg, VA for $345,000 with 6 bedrooms and 2 full baths, 1 half bath. This home was built in 1916 on a lot size of 0.1402.

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.

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Multi-Family Active

Price

$ 345,000

Bedrooms

6

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 2,427

Style

Multi-Family

Lot Size

0.1402

Year Built

1916

Town/City

Lynchburg

County/Region

LYNCHBURG

MLS | Web ID

366481

Features
General
Living Area 0.00
HOA Fee 0.00
Year Built 1916
Property Subtype Multi-Family
Gross Income 0.00
County Lynchburg
Net Operating Income 0.00
Insurance Expense 0.00
Property Type Multi-Family
MaintenanceExpense 0.00
Subdivision Name Middle Rivermont
Close Price 0.00
Status Active
City Lynchburg
High School District Lynchburg
Number Of Units Total 2
MLS Area Lynchburg
Lot Size Units Acres
Lot Size Square Feet 6107.00
Electric Expense 0.00
Water Sewer Expense 0.00
Availability Date 1800-01-01
Lease Type Net
Legal Description DANIELSVILLE BLK 41 OR 60
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Interior
3/4 Baths 0
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Exterior
Lot Size Acres 0.1402
Lot Size Source (Public Records)
Foundation Area 0.00
Number of Separate Water Meters 0
Number of Separate Gas Meters 0
Number of Separate Electric Meters 0
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Internal Only
Street Number 1 1511
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* Excluded Features
List By
MichaelCooper

Listing Agent

Raven Realty Llc

Broker

coopersellsva@gmail.com

Email

Affordability Calculator

$2,585
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,383
Monthly Property Taxes
$202
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
5/18/2026$345,000 Listed Price

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1511 Rivermont Avenue, Lynchburg, VA, 24503 is a Multi-Family Home for sale at $345,000 with a lot size of 0.1402. 1511 Rivermont Avenue has 6 bedrooms, 2.1 baths, and was built in 1916. The property's zip code is 24503 which is in Lynchburg, VA