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.
For sale
Price cut: $15K (7/16)
$199,000
205 Diamond St, Lexington, VA 24450
4beds
1,848sqft
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
- 101 days |
- 682 |
- 44 |
Zillow last checked:
Listing updated:
Listed by:
Kara F. Braddick 540-460-0484,
Real Broker LLC 855-450-0442
Source: Rockbridge Highlands REALTORS®,MLS#: 140018
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
$2,289/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 24450
Nearby schools
GreatSchools rating
- 10/10Harrington Waddell Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 9/10Lylburn Downing Middle SchoolGrades: 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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