Centrally located in the heart of Lynchburg, this well-maintained brick bungalow offers flexible living and investment potential. Featuring 4 bedrooms and 2 full bathrooms, the home is currently set up as a fully furnished Airbnb upstairs with a proven rental track record, and a finished basement apartment belowperfect for a house hack, duplex setup, or continued short-term rental success. Whether you're an investor looking to expand your portfolio or a homeowner seeking to offset your mortgage by renting one unit while living in the other, this property delivers. Ideal for Liberty University or University of Lynchburg students and families, it also presents a smart opportunity for parents looking to save on student housing. Just minutes from schools, shopping, and restaurantsdon't miss your chance to own this versatile and income-producing property!
Sold for $249,900
$249,900
1403 Gates St, Lynchburg, VA 24502
4beds
1,755sqft
Single Family Residence
Built in 1952
0.27 Acres Lot
$243,300 Zestimate®
$142/sqft
$1,946 Estimated rent
Home value
$243,300
$219,000 - $270,000
$1,946/mo
Zestimate® history
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$1,202/mo
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List your homeWhat's special
Fully furnished airbnb upstairsWell-maintained brick bungalowFinished basement apartment
Zillow last checked:
Listing updated:
Listed by:
Tim Bushnell 512-277-4872 Tim@acreebrothersrealty.com,
Keller Williams
Bought with:
Jocelyn Miller, 0225230065
Keeton & Co Real Estate
Source: LMLS,MLS#: 359329
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 132
- Dimensions: 12 x 11
Bedroom
- Dimensions: 0 x 0
Bedroom 2
- Level: First
- Area: 121
- Dimensions: 11 x 11
Bedroom 3
- Level: Below Grade
- Area: 143
- Dimensions: 13 x 11
Bedroom 4
- Level: Below Grade
- Area: 117
- Dimensions: 13 x 9
Bedroom 5
- Area: 0
- Dimensions: 0 x 0
Dining room
- Level: First
- Area: 104
- Dimensions: 13 x 8
Family room
- Area: 0
- Dimensions: 0 x 0
Great room
- Area: 0
- Dimensions: 0 x 0
Kitchen
- Level: First
- Area: 112
- Dimensions: 14 x 8
Living room
- Level: First
- Area: 252
- Dimensions: 18 x 14
Office
- Area: 0
- Dimensions: 0 x 0
Heating
- Forced Warm Air-Gas, Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Microwave, Electric Range, Refrigerator, Gas Water Heater
- Laundry: In Basement, Dryer Hookup
Features
- High Speed Internet, Main Level Bedroom, Separate Dining Room
- Flooring: Carpet, Hardwood, Tile
- Basement: Apartment,Exterior Entry,Finished,Heated,Interior Entry
- Attic: Access
Interior area
- Total structure area: 1,755
- Total interior livable area: 1,755 sqft
- Finished area above ground: 1,005
- Finished area below ground: 750
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Levels: One
- Exterior features: Other
Lot
- Size: 0.27 Acres
Details
- Parcel number: 05311038
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Shingle
Condition
- Year built: 1952
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Fort Hill - East
Location
- Region: Lynchburg
Financial & listing details
- Price per square foot: $142/sqft
- Tax assessed value: $231,800
- Annual tax amount: $1,660
- Date on market: 5/16/2025
- Cumulative days on market: 6 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2025 | Sold | $249,900$142/sqft |
Source:  LMLS #359329 Report a problem | ||
| 5/23/2025 | Pending sale | $249,900$142/sqft |
Source: LMLS #359329 Report a problem | ||
| 5/16/2025 | Listed for sale | $249,900+8.7%$142/sqft |
Source: LMLS #359329 Report a problem | ||
| 1/2/2024 | Sold | $229,900$131/sqft |
Source: LMLS #349538 Report a problem | ||
| 12/11/2023 | Pending sale | $229,900$131/sqft |
Source: LMLS #349538 Report a problem | ||
| 12/7/2023 | Listed for sale | $229,900+53.3%$131/sqft |
Source: LMLS #349538 Report a problem | ||
| 6/2/2020 | Sold | $150,000+0.7%$85/sqft |
Source: Public Record Report a problem | ||
| 4/23/2020 | Listed for sale | $149,000+33%$85/sqft |
Source: Century 21 ALL-SERVICE-FOR #324537 Report a problem | ||
| 5/31/2013 | Sold | $112,000-6.6%$64/sqft |
Source:  LMLS #275459 Report a problem | ||
| 2/8/2013 | Price change | $119,900-7.7%$68/sqft |
Source: Harmony Homes & Land #275459 Report a problem | ||
| 10/31/2012 | Price change | $129,900-3.7%$74/sqft |
Source: Harmony Homes & Land #275459 Report a problem | ||
| 7/10/2012 | Price change | $134,900-3.6%$77/sqft |
Source: Harmony Homes & Land #272077 Report a problem | ||
| 4/21/2012 | Listed for sale | $139,900+29.5%$80/sqft |
Source: Harmony Homes & Land #272077 Report a problem | ||
| 9/23/2008 | Sold | $108,000+16.3%$62/sqft |
Source: LMLS #241910 Report a problem | ||
| 3/31/2006 | Sold | $92,900$53/sqft |
Source: LMLS #220862 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,947 +17.3% | $231,800 +24.3% |
| 2024 | $1,660 | $186,500 |
| 2023 | $1,660 -1.2% | $186,500 +23.3% |
| 2022 | $1,679 | $151,300 |
| 2021 | $1,679 +32.3% | $151,300 +32.3% |
| 2020 | $1,270 | $114,400 |
| 2019 | $1,270 +4.3% | $114,400 +4.3% |
| 2018 | $1,218 | $109,700 |
| 2017 | $1,218 | $109,700 |
| 2016 | $1,218 | $109,700 |
| 2015 | $1,218 | $109,700 +7.5% |
| 2014 | $1,218 | $102,000 |
| 2012 | -- | $102,000 |
| 2011 | -- | $102,000 |
| 2009 | -- | $102,000 +10.9% |
| 2008 | -- | $92,000 +0.1% |
| 2007 | -- | $91,900 |
| 2006 | -- | $91,900 +40.5% |
| 2005 | -- | $65,400 +13.1% |
| 2004 | -- | $57,800 |
| 2003 | -- | $57,800 +5.1% |
| 2002 | -- | $55,000 |
| 2001 | -- | $55,000 |
Find assessor info on the county website
Neighborhood: 24502
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Nearby schools
GreatSchools rating
- 3/10Sheffield Elementary SchoolGrades: PK-5Distance: 1 mi
- 3/10Paul Laurence Dunbar Middle School for InnovationGrades: 6-8Distance: 2.8 mi
- 2/10Heritage High SchoolGrades: 9-12Distance: 1.8 mi
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- Virginia
- Lynchburg City
- Lynchburg
- 24502
- 1403 Gates St
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