2908 Memorial Avenue Lynchburg, VA $ 349,900
2908 Memorial Avenue
$ 349,900
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2908 Memorial Avenue

Lynchburg, VA, 24501
$ 349,900
Bedrooms4 Baths0.0 Sq 3,624

Monthly Estimate*

$ 2,417

2908 Memorial Avenue, Lynchburg, VA 24501 - Image 1
2908 Memorial Avenue, Lynchburg, VA 24501 - Image 2
2908 Memorial Avenue, Lynchburg, VA 24501 - Image 3
2908 Memorial Avenue, Lynchburg, VA 24501 - Image 4
Multi-Family Home for sale in Lynchburg, VA for $349,900 with 4 bedrooms. This 3,624 square foot home was built in 1932 on a lot size of 0.1377.

This is a fantastic fully tenanted investment opportunity comprising two commercial units and four 1-bedroom apartments. The property generates immediate rental income from day one, making it an ideal choice for investors seeking a stable, income-producing asset. With all units already rented out, this mixed-use property offers a secure and diversified income stream across both commercial and residential tenants. The two commercial units provide strong business rental appeal, while the four 1-bedroom apartments benefit from consistent demand in the rental market. A rare opportunity to acquire a fully occupied mixed-use investment with reliable returns, strong tenancy profile, and excellent long-term potential.

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Multi-Family Active

Price

$ 349,900

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 1,700

Style

Multi-Family

Lot Size

0.1377

Year Built

1932

Town/City

Lynchburg

County/Region

LYNCHBURG

MLS | Web ID

369879

Features
General
Living Area 3624.00
HOA Fee 0.00
Year Built 1932
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 Active
City Lynchburg
High School District Lynchburg
Number Of Units Total 6
MLS Area Lynchburg
Lot Size Units Acres
Lot Size Square Feet 5998.00
Electric Expense 0.00
Water Sewer Expense 0.00
Availability Date 1800-01-01
Lease Type Net
Legal Description Parcel ID: 01211013
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Interior
3/4 Baths 0
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Exterior
Lot Size Acres 0.1377
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 2908
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* Excluded Features
List By
ChrisDavies

Listing Agent

Lauren Bell Real Estate, Inc.

Broker

christopherdaviesrealestate@gmail.com

Email

Affordability Calculator

$2,558
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,417
Monthly Property Taxes
$142
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
10/15/2026$349,900 Listed Price

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2908 Memorial Avenue, Lynchburg, VA, 24501 is a Multi-Family Home for sale at $349,900 with 3,624 sqft and a lot size of 0.1377. 2908 Memorial Avenue has 4 bedrooms, 0.0 baths, and was built in 1932. The property's zip code is 24501 which is in Lynchburg, VA