Pending

$199,000

205 Diamond St, Lexington, VA 24450

4beds

1,848sqft

$1,294/mo

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Single Family Residence

Built in 1937

6,098 Square Feet Lot

$-- Zestimate^®

$108/sqft

$-- HOA

What's special

Private entranceFenced yardTwo bedroomsCovered front porchFull kitchenBack deck

Investment opportunity in the heart of Lexington! This well-located duplex offers incredible potential just up the street from Virginia Military Institute and within easy walking distance to downtown Lexington. Each unit features its own private entrance, full kitchen, spacious living room, two bedrooms, and a full bathroom--providing comfortable and functional living spaces for tenants. Outdoor living spaces on the covered front porch, back deck or fenced yard. The property has produced consistent rental income for many years, making it an excellent addition to an investment portfolio or an ideal opportunity for an owner-occupant seeking supplemental income. With strong rental history already in place, this duplex also presents exciting potential for improvements and value-add updates.

161 days
40
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Gas, Heat Pump

Cooling

Central Air

Appliances

Included: As Is, Oven, Refrigerator, Electric

Features

Flooring: Carpet, Tile, Wood
Basement: Full,Heated,Walk-Out Access

Interior area

Total structure area: 1,848
Total interior livable area: 1,848 sqft

Property

Features

Patio & porch: Porch, Deck
Fencing: Fenced Yard

Lot

Size: 6,098 Square Feet

Details

Parcel number: 17 6 1 19
Zoning: Residential
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

Year built: 1937

Utilities & green energy

Sewer: Public Sewer

Community & HOA

HOA

Has HOA: No

Location

Region: Lexington

Financial & listing details

Price per square foot: $108/sqft
Tax assessed value: $131,200
Annual tax amount: $1,207
Date on market: 5/12/2026

Estimated market value

Not available

Estimated sales range

Not available

$2,528/mo

Price history

Date	Event	Price
9/19/2026	Pending sale	$199,000$108/sqft
Source: Rockbridge Highlands REALTORS® #140018 Report a problem
7/16/2026	Price change	$199,000-7%$108/sqft
Source: Rockbridge Highlands REALTORS® #140018 Report a problem
6/15/2026	Price change	$214,000-6.6%$116/sqft
Source: Rockbridge Highlands REALTORS® #140018 Report a problem
5/12/2026	Listed for sale	$229,000$124/sqft
Source: Rockbridge Highlands REALTORS® #140018 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$131,200
2024	--	$131,200
2023	--	$131,200
2022	--	$131,200 +31.2%
2021	--	$100,000
2020	--	$100,000
2018	--	$100,000 +27.2%
2017	--	$78,600
2016	--	$78,600
2015	--	--
2014	--	--
2013	--	--
2012	--	--
2011	--	--
2010	--	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: 24450

Getting around

72 / 100

Very Walkable

38 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

10/10
Harrington Waddell Elementary School
Grades: PK-5Distance: 0.9 mi
9/10
Lylburn Downing Middle School
Grades: 6-8Distance: 0.1 mi

Schools provided by the listing agent

Elementary: Waddell
Middle: Lylburn Downing
High: Rockbridge Co

Source: Rockbridge Highlands REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.