For sale

$345,000

1511 Rivermont Ave, Lynchburg, VA 24503

6beds

--sqft

$2,161/mo

Get pre-qualified

Multi Family

Built in 1916

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Generous covered porch spaceStucco exteriorHot water heat

Historic 1916 stucco duplex nestled in Lynchburg's coveted Rivermont Historic District. Both units are occupied and generating $2,390/month in gross rent. Unit 1511 offers 3 bedrooms and 1.5 baths with a long-term tenant at $795/month well below market and primed for upside at lease renewal. Unit 1513 features 3 bedrooms and 1 full bath commanding $1,595/month, reflecting strong demand along this premier corridor. Classic architectural details include a hip roof with slate tile, stucco exterior, hot water heat, and generous covered porch space. Full unfinished basement offers storage or future finishing potential. Tenants handle all lawn care and landscaping, keeping owner responsibilities minimal. Located in the EC Glass High School district, minutes from Randolph College, the James River trail, and downtown Lynchburg. A turnkey investment with immediate income and real room to grow.

102 days

259

20

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Appliances

Included: Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dryer, Range/Oven, Refrigerator)
Laundry: Unit 1(Dryer Hookup, Washer Hookup), Unit 2(Dryer Hookup, Washer Hookup)

Features

Has fireplace: Yes
Fireplace features: Unit 1 Fireplace, Unit 2 Fireplace

Interior area

Total structure area: 0

Property

Features

Patio & porch: Unit 1(Porch), Unit 2(Porch)

Lot

Size: 6,107 Square Feet

Details

Foundation area: 0
Parcel number: 02115003

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1916

Utilities & green energy

Utilities for property: Unit 1 Cable TV, Unit 2 Cable TV

Community & HOA

Community

Security: Unit 1 Smoke Alarm, Unit 2 Smoke Alarm
Subdivision: Middle Rivermont

Location

Region: Lynchburg

Financial & listing details

Tax assessed value: $282,700
Annual tax amount: $2,427
Date on market: 5/15/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/15/2026	Listed for sale	$345,000+38%
Source: LMLS #366481 Report a problem
6/1/2021	Sold	$250,000
Source: Public Record Report a problem
4/15/2021	Pending sale	$250,000
Source: Berkshire Hathaway HomeServices #330450 Report a problem
4/8/2021	Price change	$250,000-7.4%
Source: LMLS #330450 Report a problem
3/25/2021	Listed for sale	$270,000
Source: LMLS #330450 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,375 -2.2%	$282,700 +3.7%
2024	$2,427	$272,700
2023	$2,427 +29.5%	$272,700 +61.6%
2022	$1,874	$168,800
2021	$1,874 +9%	$168,800 +9%
2020	$1,718	$154,800
2019	$1,718 +9.6%	$154,800 +9.6%
2018	$1,568	$141,300
2017	$1,568	$141,300
2016	$1,568	$141,300
2015	$1,568	$141,300
2014	$1,568	$141,300
2012	--	$141,300
2011	--	$141,300 -8.6%
2009	--	$154,600 +1.5%
2008	--	$152,300 +69%
2007	--	$90,100
2006	--	$90,100
2005	--	$90,100
2004	--	$90,100
2003	--	$90,100 +3%
2002	--	$87,500
2001	--	$87,500