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Sold for $990,000
  • $990,000

    1200 Liggates Rd, Lynchburg, VA 24502

    3beds
    10,692sqft
    Multi Family
    Built in 1962
    -- sqft lot
    $989,500 Zestimate®
    $93/sqft
    $1,106 Estimated rent

    Home value

    $989,500

    $940,000 - $1.04M

    $1,106/mo

    Zestimate® history
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    $5,723/mo

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    $5,723/mo

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    What's special

    Ample parkingTwo-story walk-upUpdated flooringNew windowsNew roofShared laundry in basement
    Discover a prime investment opportunity in Lynchburg! This is a well-maintained, brick, two-story walk-up with basement. It is conveniently located at 1200 Liggates Rd and features two buildings, 12 residential units and generating positive cash flow at full occupancy. Recent upgrades: 75% of units have been renovated since 2023, to include updated flooring, paint, cabinets & counters as needed, new windows, new heat pumps, new roof; shared common areas renovated (2025); Shared Laundry in basement that is coin operated for extra income! Ample parking, and centrally located in Lynchburg! Close to Liberty University, restaurants, shopping and local amenities, it's positioned for strong returns - act now to secure this opportunity!

    Zillow last checked:

    Listing updated:

    Listed by:

    Callie Reyes 434-610-8089 callie@nbshomesva.com,

    Mark A. Dalton & Co., Inc.

    Bought with:

    Stephanie C. Cox, 0225105461

    Cox Management and Consulting

    Source: LMLS,MLS#: 362720MLS LogoOriginating MLS: Lynchburg Board of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Included: Electric Water Heater
    • Laundry: Common Area
    Features
    • Flooring: Vinyl
    Interior area
    • Total structure area: 10,692
    • Total interior livable area: 10,692 sqft

    Property

    Parking
    • Parking features: Off Street, Parking Lot, Paved Drive
    • Has uncovered spaces: Yes
    Lot
    • Size: 0.53 Acres
    Details
    • Foundation area: 0
    • Parcel number: 02909006
    • Zoning: R4

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Drywall, Brick
    Condition
    • Year built: 1962

    Utilities & green energy

    • Electric: American Electric, Indiv Meter/Electric
    • Sewer: City
    • Water: City

    Community & neighborhood

    Location
    • Region: Lynchburg
    • Subdivision: Commercial Misc

    Price history

    DateEventPrice
    6/22/2026Sold$990,000-5.7%$93/sqft
    Source: LMLS #362720 Report a problem
    4/23/2026Pending sale$1,050,000$98/sqft
    Source: LMLS #362720 Report a problem
    4/1/2026Price change$1,050,000-4.5%$98/sqft
    Source: LMLS #362720 Report a problem
    2/19/2026Price change$1,100,000-4.3%$103/sqft
    Source: LMLS #362720 Report a problem
    1/13/2026Price change$1,150,000-4.2%$108/sqft
    Source: LMLS #362720 Report a problem
    1/6/2026Listed for sale$1,200,000$112/sqft
    Source: LMLS #362720 Report a problem
    12/23/2025Pending sale$1,200,000$112/sqft
    Source: LMLS #362720 Report a problem
    10/29/2025Listed for sale$1,200,000$112/sqft
    Source: LMLS #362720 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 24502

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $989,500
    2% more
    +$19,790
    With Zillow Showcase(estimated)
    $1,009,290