507 Madison Street Lynchburg, VA ^$ 395,000

507 Madison Street

^$ 395,000

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507 Madison Street

Lynchburg, VA, 24504

^$ 395,000

Bedrooms6 Baths5.0 Sq 4,333

Monthly Estimate*

^$ 2,728

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Multi-Family Home for sale in Lynchburg, VA

for $395,000 with 6 bedrooms and 5 full baths. This 4,333 square foot home was built in 1913 on a lot size of 0.1854.

Charming 5-plex offering over 4,000 finished sq ft. across 2 stories, with classic architectural character including an open front porch. This property features strong existing income with a low-maintenance setup for investors. A rare opportunity to own a stabilized, income-filled property. Schedule your showing today!

Multi-Family Active

Price

^$ 395,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,074

Style

Multi-Family

Lot Size

0.1854

Year Built

1913

Town/City

Lynchburg

County/Region

Lynchburg City

MLS | Web ID

368238

Features

General

Living Area 4333.00

Sewer City

Heating Heat Pump Wall/Space Unit

Cooling Heat Pump Window Unit(s)

HOA Fee 0.00

Year Built 1913

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 5th Street Corridor

Close Price 0.00

Status Active

Directions From Downtown Lynchburg take a left on 5th St and then a left on Madison St.

City Lynchburg

High School District Lynchburg

Number Of Units Total 0

MLS Area Lynchburg

Lot Size Units Acres

Lot Size Square Feet 8076.00

Electric Expense 0.00

Water Sewer Expense 0.00

Availability Date 1800-01-01

Lease Type Net

Legal Description FEDERAL HILL BLK. 209

Interior

Flooring Vinyl Wood Floors

3/4 Baths 0

Exterior

Water Source City

Lot Size Acres 0.1854

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

Internal Only

Street Number 1 507

* Excluded Features

List By

StephenAcree

Listing Agent

Keller Williams

Broker

stephen@acreebrothersrealty.com

Affordability Calculator

$2,901

Per Month

Monthly Principal & Interest: $2,728
Monthly Property Taxes: $173
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Lynchburg, VA

Average List Price ^$430,400

Percent of Sale Price 9%

About Lynchburg, VA

83,866 Population

29% Since 2002

^$41,543 Median Income

32.73 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2591920 Elementary School

2591930 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/25/2026	$395,000		Listed Price

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507 Madison Street, Lynchburg, VA, 24504 is a Multi-Family Home for sale at $395,000 with 4,333 sqft and a lot size of 0.1854. 507 Madison Street has 6 bedrooms, 5.0 baths, and was built in 1913. The property's zip code is 24504 which is in Lynchburg, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Lynchburg Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the REALTORS Association of the Muscle Shoals Area, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/16/2026.

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507 Madison Street

Multi-Family Home for sale in Lynchburg, VA

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