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For sale
    • Price cut: $10K (7/3)
    $164,900

    2228 Tulip St, Lynchburg, VA 24504

    4beds
    1,680sqft
    : 
    $1,089/mo
    Get pre-qualified
    Multi Family
    Built in 1917
    -- sqft lot
    $-- Zestimate®
    $98/sqft
    $-- HOA

    What's special

    Enhancing curb appealBrand-new exterior paintLvp flooringFresh paint
    Fully occupied and cash-flowing from day one, this Lynchburg duplex generates a strong $1,650/month ($850 Unit A, $800 Unit B). Unit A is beautifully maintained, while Unit B, located on the second floor for added privacy has been extensively updated with new kitchen countertops, cabinets, appliances, LVP flooring, fresh paint, a new toilet, and vanity. Separate electric meters for each unit support efficient management, with a single water meter. The property also features brand-new exterior paint, enhancing curb appeal. With stable in-place income and recent improvements, this is a low-maintenance, income-producing asset that's hard to pass up.
    109 days
    |
    759
    |
    69
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Noah Peter Gatto 434-771-3514 ngatto@acreebrothersrealty.com,

    Keller Williams 434-534-9113

    Source: LMLS,MLS#: 365733MLS LogoOriginating MLS: Lynchburg Board of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Heat Pump, Wall/Space Unit
      Cooling
      • Heat Pump
      Appliances
      • Included: Electric Water Heater, Unit 1(Dishwasher, Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dishwasher, Disposal, Dryer, Range/Oven, Refrigerator, Washer)
      • Laundry: Unit 1(Dryer Hookup, Washer Hookup), Unit 2(Dryer Hookup, Washer Hookup)
      Features
      • Flooring: Carpet, Vinyl, Wood Floors, Unit 1 Carpet
      • Has fireplace: Yes
      Interior area
      • Total structure area: 1,680
      • Total interior livable area: 1,680 sqft

      Property

      Parking
      • Parking features: Off Street, On Street
      • Has uncovered spaces: Yes
      Lot
      • Size: 5,388 Square Feet
      Details
      • Foundation area: 0
      • Parcel number: 04707025

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Drywall, Vinyl Siding
      Condition
      • Year built: 1917

      Utilities & green energy

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

      Community & HOA

      Community
      • Security: Unit 1 Smoke Alarm, Unit 2 Smoke Alarm
      • Subdivision: White Rock
      Location
      • Region: Lynchburg

      Financial & listing details

      • Price per square foot: $98/sqft
      • Tax assessed value: $127,300
      • Annual tax amount: $1,070
      • Date on market: 4/11/2026
      • Cumulative days on market: 110 days
      • Lease term: 12 Months

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/3/2026Price change$164,900-5.7%$98/sqft
        Source: LMLS #365733 Report a problem
        4/11/2026Listed for sale$174,900-2.8%$104/sqft
        Source: LMLS #365733 Report a problem
        1/19/2026Listing removed$179,900$107/sqft
        Source: LMLS #362899 Report a problem
        1/18/2026Price change$179,900-5.3%$107/sqft
        Source: LMLS #362899 Report a problem
        11/14/2025Listed for sale$189,900-4.6%$113/sqft
        Source: LMLS #362899 Report a problem
        10/28/2025Listing removed$199,000$118/sqft
        Source: LMLS #361206 Report a problem
        10/19/2025Price change$199,000-6.1%$118/sqft
        Source: LMLS #361206 Report a problem
        9/11/2025Price change$212,000-3.4%$126/sqft
        Source: LMLS #361206 Report a problem
        8/19/2025Listed for sale$219,500+71.5%$131/sqft
        Source: LMLS #361206 Report a problem
        2/14/2025Sold$128,000-1.5%$76/sqft
        Source: LMLS #356308 Report a problem
        12/21/2024Pending sale$129,900$77/sqft
        Source: LMLS #356308 Report a problem
        12/17/2024Listed for sale$129,900+273.3%$77/sqft
        Source: LMLS #356308 Report a problem
        5/23/2003Sold$34,800$21/sqft
        Source: LMLS #200431 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,069 +112.7%$127,300 +125.3%
        2024$503 $56,500
        2023$503 +13.5%$56,500 +41.6%
        2022$443 $39,900
        2021$443 +7.3%$39,900 +7.3%
        2020$413 $37,200
        2019$413 $37,200
        2018$413 $37,200
        2017$413 $37,200
        2016$413 $37,200
        2015$413 $37,200
        2014$413 $37,200
        2012-- $37,200
        2011-- $37,200
        2009-- $37,200 +1.4%
        2008-- $36,700 +3.4%
        2007-- $35,500
        2006-- $35,500
        2005-- $35,500 +86.8%
        2004-- $19,000
        2003-- $19,000
        2002-- $19,000
        2001-- $19,000
        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.
        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.
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        Climate risks

        Neighborhood: 24504

        Getting around

        20 / 100
        Car-Dependent
        29 / 100
        Some Transit
        3 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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