820 Rivermont Avenue Lynchburg, VA $ 259,900
820 Rivermont Avenue
$ 259,900
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820 Rivermont Avenue

Lynchburg, VA, 24504
$ 259,900
Bedrooms5 Baths0.0 Sq 2,199

Monthly Estimate*

$ 1,795

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Multi-Family Home for sale in Lynchburg, VA

for $259,900 with 5 bedrooms. This 2,199 square foot home was built in 1905 on a lot size of 0.1.

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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Multi-Family Pending

Price

$ 259,900

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 2,138

Style

Multi-Family

Lot Size

0.1

Year Built

1905

Town/City

Lynchburg

County/Region

Lynchburg City

MLS | Web ID

368440

Features
General
Living Area 2199.00
Sewer City
Heating Heat Pump
Cooling Heat Pump
HOA Fee 0.00
Year Built 1905
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
Close Price 0.00
Status Pending
City Lynchburg
High School District Lynchburg
Number Of Units Total 2
MLS Area Lynchburg
Lot Size Units Acres
Lot Size Square Feet 4356.00
Electric Expense 0.00
Water Sewer Expense 0.00
Availability Date 1800-01-01
Lease Type Net
Legal Description RIVERMONT PLAN A BLK 7 LOT 35 & PT LOTS 34 & 35
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Interior
Flooring Engineered Hardwood
3/4 Baths 0
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Exterior
Water Source City
Lot Size Acres 0.1000
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 1 820
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* Excluded Features
List By
KennyTurner

Listing Agent

Evolution Realty Partners Llc

Broker

kennytdfg@aol.com

Email

Affordability Calculator

$1,973
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,795
Monthly Property Taxes
$178
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
8/4/2026$259,900 Listed Price

Map


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820 Rivermont Avenue, Lynchburg, VA, 24504 is a Multi-Family Home for sale at $259,900 with 2,199 sqft and a lot size of 0.1. 820 Rivermont Avenue has 5 bedrooms, 0.0 baths, and was built in 1905. The property's zip code is 24504 which is in Lynchburg, VA