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Off market
  • Tax assessed value
    $189,800

    3312 Memorial Ave, Lynchburg, VA 24501

    --beds
    0baths
    2,689sqft
    MultiFamily
    Built in 1923
    -- sqft lot
    $-- Zestimate®
    $71/sqft
    $941 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $941/mo

    Zestimate® history
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    What's special

    Great income producing property. Property use to be a try-plex and still have 3 electric meters and could be converted or an Air BnB added to increase income. Both units have off street parking, nice front porch and back yard with the benefits of a corner lot. Top unit includes a huge loft bedroom upstairs, 2 beds, bath kitchen and living room area or a 4th bedroom and rents for 750/month. Main level unit has a beautiful 16x10 foyer, living room, 1 bedroom, 1.5 baths kitchen and breakfast nook. New windows, updated panel boxes and both tenants have kept the home in great condition. Bottom unit brings 650/mo. Owner does pay water which averages about $50/mo for both units and trash which is 80/year. Upstairs tenants maintains the yard. Both tenants are paid current. Overall great investment with options to expand!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Baseboard
    Features
    • Basement: Basement (not specified)
    Interior area
    • Total interior livable area: 2,689 sqft

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 10,018 Square Feet
    Details
    • Parcel number: 03012015

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Tile
    Condition
    • Year built: 1923

    Utilities & green energy

    • Sewer: City

    Community & HOA

    Location
    • Region: Lynchburg

    Financial & listing details

    • Price per square foot: $71/sqft
    • Tax assessed value: $189,800
    • Annual tax amount: $1,594

    Price history

    DateEventPrice
    6/2/2022Sold$187,000+18%$70/sqft
    Source: Public Record Report a problem
    8/11/2020Listing removed$158,500$59/sqft
    Source: Mark A. Dalton & Co., Inc. #325366 Report a problem
    6/22/2020Price change$158,500-2.7%$59/sqft
    Source: Mark A. Dalton & Co., Inc. #325366 Report a problem
    6/6/2020Listed for sale$162,900+150.6%$61/sqft
    Source: Mark A. Dalton & Co., Inc. #325366 Report a problem
    2/28/2002Sold$65,000+35.4%$24/sqft
    Source: LMLS #132874 Report a problem
    12/27/2000Sold$48,000$18/sqft
    Source: LMLS #127135 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,594 +17.5%$189,800 +24.5%
    2024$1,356 $152,400
    2023$1,356 -12.2%$152,400 +9.6%
    2022$1,544 $139,100
    2021$1,544 $139,100 +8.4%
    2020-- $128,300
    2019-- $128,300 +4.6%
    2018-- $122,600
    2017$680 $122,600
    2016$680 $122,600
    2015$680 -50%$122,600 -5%
    2014$1,361 $129,100
    2012-- $129,100
    2011-- $129,100 +9.4%
    2009-- $118,000 +15.7%
    2008-- $102,000 +33.3%
    2007-- $76,500
    2006-- $76,500
    2005-- $76,500 +19%
    2004-- $64,300
    2003-- $64,300 +32.6%
    2002-- $48,500
    2001-- $48,500
    Find assessor info on the county website

    Neighborhood: 24501

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Lynchburg

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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