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For sale
  • $899,000

    1664 Graves Mill Rd, Lynchburg, VA 24502

    12beds
    6,792sqft
    : 
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    Multi Family
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $132/sqft
    $-- HOA

    What's special

    Functional and in-demand layout
    Don't miss this income-producing 8-plex (16 bedrooms/ 8 baths) ideally located in a high-traffic corridor on Graves Mill Road, surrounded by established restaurants, businesses, and everyday conveniences. This prime location offers easy access to the expressway, airport, and local colleges, making it highly desirable for tenants. Each of the eight units features 2 bedrooms and 1 full bath, offering a functional and in-demand layout. The property is shown by appointment only. Do Not go to the property, or approach tenants. A bank letter or proof of funds will need to be provided prior to making an appointment. With a monthly income of $7,700, this property presents a solid return with room for future growth. Its strong rental history, excellent location, and consistent demand make it a great addition to any investment portfolio. A rare opportunity to own a multi-family property in a thriving commercial area with long-term upside potential.
    83 days
    |
    322
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jim L Rufus 434-258-6912 jimrufus@outlook.com,

    eXp Realty LLC-Stafford

    Source: LMLS,MLS#: 365599MLS LogoOriginating MLS: Lynchburg Board of Realtors

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Heat Pump
      Cooling
      • Heat Pump
      Appliances
      • Included: Electric Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 4(Range/Oven, Refrigerator), Unit 5(Range/Oven, Refrigerator), Unit 6(Range/Oven, Refrigerator)
      Features
      • Flooring: Carpet, Vinyl
      • Has fireplace: Yes
      Interior area
      • Total structure area: 6,792
      • Total interior livable area: 6,792 sqft

      Property

      Lot
      • Size: 0.7 Acres
      Details
      • Foundation area: 0
      • Parcel number: 24013005

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick
      Condition
      • Year built: 1970

      Utilities & green energy

      • Electric: Indiv Meter/Electric
      • Sewer: Septic Tank
      • Water: City

      Community & HOA

      Community
      • Features: Shopping Nearby
      Location
      • Region: Lynchburg

      Financial & listing details

      • Price per square foot: $132/sqft
      • Annual tax amount: $5,000
      • Date on market: 4/8/2026
      • Cumulative days on market: 84 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/8/2026Listed for sale$899,000+45%$132/sqft
        Source: LMLS #365599 Report a problem
        3/31/2023Sold$620,000$91/sqft
        Source: LMLS #342509 Report a problem
        2/9/2023Pending sale$620,000+53.1%$91/sqft
        Source: LMLS #342509 Report a problem
        6/16/2020Sold$405,000-39.1%$60/sqft
        Source: LMLS #297384 Report a problem
        8/29/2018Price change$665,000-4.3%$98/sqft
        Source: Flint Property Group #297384 Report a problem
        12/8/2017Price change$695,000-6.7%$102/sqft
        Source: Flint Property Group #311592 Report a problem
        11/2/2016Price change$745,000-3.9%$110/sqft
        Source: Flint Property Group #297384 Report a problem
        3/22/2016Listed for sale$775,000$114/sqft
        Source: Flint Property Group #297384 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 24502

        Getting around

        43 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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