Fantastic long term passive cash flow awaits! This top/bottom duplex offers a total of 5 bedrooms, 2 bathrooms, 2 living rooms and 2 eat-in kitchens. Both units offer bedrooms that are generously sized each with wardrobe closets. Both kitchens have lots of storage space, counter space, and mosaic tile backsplashes complete with ranges, dishwashers, and refrigerators. The convenience of a shared laundry room area on bottom of the property complete with individual unit washers and dryers is a must have. Interior access for Unit B and exterior access for Unit A. Lower unit has storm windows with heat pump installed in 2015. Public transportation, dining, sporting activities and entertainment all are within a short walking distance. Cheaper taxes and more cash flow for years to come since property on the City's tax abatement program through June 30, 2027. Seller will package this property with 404 Belvedere at a reduced price. Schedule your showing today!
Sold for $189,000
$189,000
402 Belvedere St, Lynchburg, VA 24503
--beds
1,862sqft
Multi Family
Built in 1958
-- sqft lot
$223,500 Zestimate®
$102/sqft
$1,347 Estimated rent
Home value
$223,500
$208,000 - $239,000
$1,347/mo
Zestimate® history
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List your homeWhat's special
Lots of storage spaceStorm windowsMosaic tile backsplashesIndividual unit washersSporting activitiesWardrobe closets
Zillow last checked:
Listing updated:
Listed by:
Jamey Parks 434-444-3374 jparks2004@yahoo.com,
Keller Williams
Bought with:
Jeremy Bruce Phillips Sr., 0225211875
BHHS Dawson Ford Garbee-Forest
Source: LMLS,MLS#: 348971
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric Baseboard, Forced Warm Air-Gas, Heat Pump, Hot Water-Gas
Cooling
- Heat Pump, Window Unit(s)
Appliances
- Included: Gas Water Heater, Individual Water Heater, Unit 1(Dishwasher, Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dishwasher, Dryer, Range/Oven, Refrigerator, Washer)
- Laundry: Common Area, Individual Laundry
Features
- Flooring: Laminate, Vinyl, Wood Floors
- Has fireplace: Yes
Interior area
- Total structure area: 1,862
- Total interior livable area: 1,862 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 7,405 Square Feet
Details
- Foundation area: 0
- Parcel number: 01918071
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Drywall, Plaster, Brick
Condition
- Year built: 1958
Utilities & green energy
- Electric: American Electric, Indiv Meter/Electric
- Gas: Individual Meter/Gas
- Sewer: City
- Water: City, Indiv Meter/Water
- Utilities for property: Unit 1 Cable TV, Unit 2 Cable TV
Community & HOA
Community
- Features: Near Public Transport, Shopping Nearby
- Security: Unit 1 Smoke Alarm, Unit 2 Smoke Alarm
Location
- Region: Lynchburg
Financial & listing details
- Price per square foot: $102/sqft
- Tax assessed value: $191,100
- Annual tax amount: $1,179
- Date on market: 10/31/2023
- Cumulative days on market: 7 days
- Lease term: 12 Months
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2023 | Sold | $189,000-7.8%$102/sqft |
Source:  LMLS #348971 Report a problem | ||
| 11/7/2023 | Pending sale | $204,900$110/sqft |
Source: LMLS #348971 Report a problem | ||
| 10/31/2023 | Listed for sale | $204,900$110/sqft |
Source: LMLS #348971 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,605 +8.9% | $191,100 +15.4% |
| 2024 | $1,474 | $165,600 |
| 2023 | $1,474 +19.6% | $165,600 +49.2% |
| 2022 | $1,232 | $111,000 |
| 2021 | $1,232 +5.9% | $111,000 +5.9% |
| 2020 | $1,163 | $104,800 |
| 2019 | $1,163 +4% | $104,800 +4% |
| 2018 | $1,119 +48.9% | $100,800 |
| 2017 | $751 | $100,800 |
| 2016 | $751 | $100,800 |
| 2015 | $751 | $100,800 |
| 2014 | $751 | $100,800 +20.9% |
| 2012 | -- | $83,400 |
| 2011 | -- | $83,400 +3% |
| 2009 | -- | $81,000 +8.7% |
| 2008 | -- | $74,500 +12% |
| 2007 | -- | $66,500 |
| 2006 | -- | $66,500 |
| 2005 | -- | $66,500 +16.3% |
| 2004 | -- | $57,200 |
| 2003 | -- | $57,200 +1.2% |
| 2002 | -- | $56,500 |
| 2001 | -- | $56,500 |
Find assessor info on the county website
Neighborhood: 24503
Nearby homes
- $--3 bd1 ba900 sqft402 Belvedere St #A, Lynchburg, VA 24503Off Market
- $--2 bd1 ba800 sqft402 Belvedere St #B, Lynchburg, VA 24503Off Market
- $206,000-- bd1 ba1.9k sqft404 Belvedere St, Lynchburg, VA 24503Sold
- $--2 bd1 ba-- sqft404 Belvedere St #B, Lynchburg, VA 24503Off Market
- $--3 bd1 ba-- sqft404 Belvedere St #A, Lynchburg, VA 24503Off Market
- $211,6004 bd2 ba1.9k sqft400 Belvedere St, Lynchburg, VA 24503Off Market
- $--2 bd1 ba-- sqft400 Belvedere St #A, Lynchburg, VA 24503Off Market
- $--2 bd1 ba750 sqft400 Belvedere St #B, Lynchburg, VA 24503Off Market
Nearby schools
GreatSchools rating
- 4/10Bedford Hills Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 2/10Linkhorne Middle SchoolGrades: 6-8Distance: 1.5 mi
- 3/10E.C. Glass High SchoolGrades: 9-12Distance: 1.9 mi
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- Virginia
- Lynchburg City
- Lynchburg
- 24503
- 402 Belvedere St
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