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For sale
  • $415,000

    2908 Memorial Ave, Lynchburg, VA 24501

    4beds
    --baths
    3,624sqft
    : 
    $2,628/mo
    Get pre-qualified
    Multi Family
    Built in 1932
    -- sqft lot
    $394,100 Zestimate®
    $115/sqft
    $-- HOA

    What's special

    This is a fantastic fully tenanted investment opportunity comprising two commercial units and four 1-bedroom apartments. The property generates immediate rental income from day one, making it an ideal choice for investors seeking a stable, income-producing asset. With all units already rented out, this mixed-use property offers a secure and diversified income stream across both commercial and residential tenants. The two commercial units provide strong business rental appeal, while the four 1-bedroom apartments benefit from consistent demand in the rental market. A rare opportunity to acquire a fully occupied mixed-use investment with reliable returns, strong tenancy profile, and excellent long-term potential.
    31 days
    |
    100
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Chris Davies 434-221-9777 christopherdaviesrealestate@gmail.com,

    Lauren Bell Real Estate, Inc. 434-384-1010

    Source: LMLS,MLS#: 367792MLS LogoOriginating MLS: Lynchburg Board of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      Interior area
      • Total structure area: 3,624
      • Total interior livable area: 3,624 sqft

      Property

      Lot
      • Size: 5,998 Square Feet
      Details
      • Foundation area: 0
      • Parcel number: 01211013

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1932

      Community & HOA

      Location
      • Region: Lynchburg

      Financial & listing details

      • Price per square foot: $115/sqft
      • Annual tax amount: $1,700
      • Date on market: 7/6/2026
      • Cumulative days on market: 122 days

        Estimated market value

        $394,100

        $374,000 - $414,000

        $1,186/mo

        Price history

        DateEventPrice
        7/6/2026Listed for sale$415,000$115/sqft
        Source: LMLS #367792 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: 24501

        Getting around

        80 / 100
        Very Walkable
        38 / 100
        Some Transit
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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