Sold for $255,000

$255,000

1515 Rivermont Ave, Lynchburg, VA 24503

--beds

3,146sqft

Multi Family

Built in 1895

-- sqft lot

$-- Zestimate^®

$81/sqft

$2,377 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,377/mo

Zestimate^® history

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$1,522/mo

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$1,522/mo

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What's special

Rare 4 Unit building in the City of Lynchburg (24503) offering a short walk to Magnolia Foods, Bedford Ave. restaurants, Rivermont Pizza and other nearby shopping. Close to downtown Lynchburg and enjoy antique shops. coffee and all the new restaurants only a bike ride away. Tenants are month to month. Updated electrical in 2006, replacement windows. Tenants pay electrical/heat, owner pays water and common elec. Lots of potential!

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 4
Full bathrooms: 4

Cooling

Window Unit(s)

Appliances

Included: Electric Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator), Unit 4(Range/Oven, Refrigerator)
Laundry: Common Area

Features

Flooring: Vinyl, Wood Floors
Has fireplace: Yes

Interior area

Total structure area: 3,146
Total interior livable area: 3,146 sqft

Property

Parking

Parking features: Off Street

Lot

Size: 6,141 Square Feet

Details

Foundation area: 0
Parcel number: 02115002
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Drywall, Plaster, Stucco

Condition

Year built: 1895

Utilities & green energy

Electric: Indiv Meter/Electric
Gas: Individual Meter/Gas
Sewer: City
Water: City

Community & HOA

Community

Subdivision: Middle Rivermont

Location

Region: Lynchburg

Financial & listing details

Price per square foot: $81/sqft
Tax assessed value: $270,200
Annual tax amount: $1,888
Date on market: 3/27/2025
Cumulative days on market: 1 day
Lease term: Month To Month

Price history

Date	Event	Price
6/20/2025	Sold	$255,000-3.8%$81/sqft
Source: LMLS #358084 Report a problem
3/27/2025	Pending sale	$265,000+51.4%$84/sqft
Source: LMLS #358084 Report a problem
9/17/2020	Sold	$175,000-7.8%$56/sqft
Source: Public Record Report a problem
9/14/2019	Listing removed	$189,900$60/sqft
Source: Divine Fog Realty Company LLC #317858 Report a problem
6/14/2019	Price change	$189,900-5%$60/sqft
Source: Divine Fog Realty Company LLC #317858 Report a problem
4/9/2019	Listed for sale	$199,900+29.1%$64/sqft
Source: Divine Fog Realty Company LLC #317858 Report a problem
2/16/2018	Sold	$154,900$49/sqft
Source: LMLS #309136 Report a problem
1/3/2018	Listed for sale	$154,900+14.8%$49/sqft
Source: Mark A. Dalton & Co., Inc. #309136 Report a problem
9/12/2016	Listing removed	$134,900$43/sqft
Source: Mark A. Dalton & Co., Inc. #291123 Report a problem
3/21/2016	Price change	$134,900-3.6%$43/sqft
Source: Mark A. Dalton & Co., Inc. #291123 Report a problem
4/15/2015	Listed for sale	$139,900-6.7%$44/sqft
Source: Mark A. Dalton & Co., Inc. #291123 Report a problem
2/21/2015	Listing removed	$149,900$48/sqft
Source: Mark A. Dalton & Co., Inc. #283609 Report a problem
3/1/2014	Listed for sale	$149,900+7.1%$48/sqft
Source: Dalton and Company, Inc #283609 Report a problem
7/25/2005	Sold	$139,900$44/sqft
Source: LMLS #212299 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,270 +20.2%	$270,200 +27.4%
2024	$1,888	$212,100
2023	$1,888 -7.6%	$212,100 +15.3%
2022	$2,042	$184,000
2021	$2,042	$184,000 +30.9%
2020	--	$140,600
2019	--	$140,600 +20.9%
2018	--	$116,300
2017	$1,291	$116,300
2016	$1,291	$116,300
2015	$1,291	$116,300
2014	$1,291	$116,300
2012	--	$116,300
2011	--	$116,300 -8.2%
2009	--	$126,700 +1.4%
2008	--	$124,900 +24.4%
2007	--	$100,400
2006	--	$100,400
2005	--	$100,400
2004	--	$100,400
2003	--	$100,400 +3%
2002	--	$97,500
2001	--	$97,500