Great opportunity to own a two‑story duplex with 2 bedrooms and 1.5 baths per unit, plus an unfinished basement for storage or future expansion. Each side includes a heat pump and appliances convey. Ideal for investors or homeowners looking to offset their mortgage by renting the second unit.
Sold for $275,000
$275,000
112 Water Gate Dr, Lynchburg, VA 24502
4beds
--sqft
Multi Family
Built in 1987
-- sqft lot
$-- Zestimate®
$--/sqft
$1,471 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,471/mo
Zestimate® history
Owner options
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$1,471/mo
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$1,471/mo
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$1,645/mo
Est. payment
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$1,645/mo
Est. payment
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List your homeWhat's special
Heat pumpAppliances conveyUnfinished basement for storage
Zillow last checked:
Listing updated:
Listed by:
Franklin E. Viar 434-665-3373 frankie.viar1@verizon.net,
Century 21 ALL-SERVICE
Bought with:
Drew Coleman, 0225225041
Keller Williams
Source: LMLS,MLS#: 365894
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Electric Water Heater, Unit 1(Dishwasher), Unit 2(Dishwasher)
Features
- Flooring: Carpet, Unit 1 Carpet, Unit 2 Carpet
- Has fireplace: Yes
Interior area
- Total structure area: 0
Property
Parking
- Parking features: 2 Spaces/Unit
Lot
- Size: 9,422 Square Feet
Details
- Foundation area: 0
- Parcel number: 24713027
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- Year built: 1987
Utilities & green energy
- Sewer: Septic Tank
- Water: City
- Utilities for property: Unit 1 Cable TV, Unit 2 Cable TV
Community & HOA
Community
- Features: Near Public Transport
- Subdivision: Water Gate
Location
- Region: Lynchburg
Financial & listing details
- Tax assessed value: $223,700
- Annual tax amount: $1,890
- Date on market: 4/16/2026
- Cumulative days on market: 15 days
- Lease term: 12 Months
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Sold | $275,000-5.1% |
Source:  LMLS #365894 Report a problem | ||
| 5/4/2026 | Pending sale | $289,900 |
Source: LMLS #365894 Report a problem | ||
| 4/16/2026 | Listed for sale | $289,900+26% |
Source: LMLS #365894 Report a problem | ||
| 4/17/2024 | Sold | $230,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,879 +9.3% | $223,700 +15.8% |
| 2024 | $1,719 | $193,200 |
| 2023 | $1,719 +2.7% | $193,200 +28.1% |
| 2022 | $1,674 | $150,800 |
| 2021 | $1,674 +4.6% | $150,800 +4.6% |
| 2020 | $1,601 | $144,200 |
| 2019 | $1,601 | $144,200 |
| 2018 | $1,601 | $144,200 |
| 2017 | $1,601 | $144,200 |
| 2016 | $1,601 | $144,200 +11% |
| 2015 | $1,601 +11% | $129,900 -4% |
| 2014 | $1,442 | $135,300 |
| 2012 | -- | $135,300 |
| 2011 | -- | $135,300 |
| 2009 | -- | $135,300 +3.5% |
| 2008 | -- | $130,700 +8% |
| 2007 | -- | $121,000 |
| 2006 | -- | $121,000 |
| 2005 | -- | $121,000 +9.9% |
| 2004 | -- | $110,100 |
| 2003 | -- | $110,100 +14.7% |
| 2002 | -- | $96,000 |
| 2001 | -- | $96,000 |
Find assessor info on the county website
Neighborhood: 24502
Nearby homes
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- $345,8003 bd1 ba1.1k sqft110 Water Gate Dr #A, Lynchburg, VA 24502Off Market
- $243,800-- bd2 ba1.8k sqft108 Water Gate Dr, Lynchburg, VA 24502Off Market
Nearby schools
GreatSchools rating
- 2/10Heritage Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 1/10Sandusky Middle SchoolGrades: 6-8Distance: 1.2 mi
- 2/10Heritage High SchoolGrades: 9-12Distance: 0.3 mi
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- Virginia
- Lynchburg City
- Lynchburg
- 24502
- 112 Water Gate Dr
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