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Pending
  • $259,900

    820 Rivermont Ave, Lynchburg, VA 24504

    5beds
    --baths
    2,199sqft
    Multi Family
    Built in 1905
    -- sqft lot
    $256,800 Zestimate®
    $118/sqft
    $-- HOA

    What's special

    Great investment opportunity! This R-4 zoned property on historic Rivermont Avenue has been converted into an upper and lower duplex, offering immediate rental income in one of Lynchburg's most desirable neighborhoods where property values continue to appreciate. The lower-level unit features 2 bedrooms, while the upper-level unit offers 3 bedrooms. Both units are currently tenant-occupied, providing consistent income for investors. The property has been converted to all-electric service with separate electric meters for each unit, allowing tenants to pay their own electric bills. The owner is responsible only for water service, helping to keep operating expenses low. Whether you're looking to expand your investment portfolio or purchase a value-add property in a prime location, this income-producing duplex is an excellent opportunity with strong long-term potential.
    22 days
    |
    536
    |
    36
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kenny Turner 434-444-5556 kennytdfg@aol.com,

    Evolution Realty Partners LLC 856-818-8197

    Source: LMLS,MLS#: 368440MLS LogoOriginating MLS: Lynchburg Board of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      Heating
      • Heat Pump
      Cooling
      • Heat Pump
      Appliances
      • Included: Electric Water Heater
      Features
      • Flooring: Engineered Hardwood
      • Has fireplace: Yes
      Interior area
      • Total structure area: 2,199
      • Total interior livable area: 2,199 sqft

      Property

      Lot
      • Size: 4,356 Square Feet
      Details
      • Foundation area: 0
      • Parcel number: 02311026

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Plaster, Wood Siding
      Condition
      • Year built: 1905

      Utilities & green energy

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

      Community & HOA

      Community
      • Features: Near Public Transport
      • Security: Unit 1 Smoke Alarm, Unit 2 Smoke Alarm
      Location
      • Region: Lynchburg

      Financial & listing details

      • Price per square foot: $118/sqft
      • Tax assessed value: $254,600
      • Annual tax amount: $2,138
      • Date on market: 8/4/2026
      • Cumulative days on market: 23 days

        Estimated market value

        $256,800

        $244,000 - $270,000

        $1,018/mo

        Price history

        DateEventPrice
        8/11/2026Pending sale$259,900$118/sqft
        Source: LMLS #368440 Report a problem
        8/4/2026Listed for sale$259,900+29.9%$118/sqft
        Source: LMLS #368440 Report a problem
        2/20/2026Listing removed$1,100$1/sqft
        Source: Zillow Rentals Report a problem
        12/15/2025Price change$1,100+10.6%$1/sqft
        Source: Zillow Rentals Report a problem
        11/14/2025Price change$995-15.7%
        Source: Zillow Rentals Report a problem
        10/24/2025Listed for rent$1,180+7.8%$1/sqft
        Source: Zillow Rentals Report a problem
        9/16/2025Listing removed$1,095
        Source: Zillow Rentals Report a problem
        7/28/2025Listed for rent$1,095+99.1%
        Source: Zillow Rentals Report a problem
        3/7/2022Sold$200,000+206.7%$91/sqft
        Source: Public Record Report a problem
        1/16/2018Listing removed$550
        Source: CVA Rentals Report a problem
        1/12/2018Listed for rent$550
        Source: CVA Rentals Report a problem
        10/31/2016Sold$65,200-20%$30/sqft
        Source: LMLS #300441 Report a problem
        8/11/2016Listed for sale$81,500$37/sqft
        Source: Consensus Real Estate Service, #300441 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,139 +40.8%$254,600 +49.2%
        2024$1,519 $170,700
        2023$1,519 +27.9%$170,700 +59.5%
        2022$1,188 $107,000
        2021$1,188 +1.4%$107,000 +1.4%
        2020$1,171 $105,500
        2019$1,171 -19.4%$105,500 -19.4%
        2018$1,453 $130,900
        2017$1,453 $130,900
        2016$1,453 $130,900
        2015$1,453 $130,900
        2014$1,453 $130,900
        2012-- $130,900
        2011-- $130,900
        2009-- $130,900
        2008-- $130,900 +37.9%
        2007-- $94,900
        2006-- $94,900
        2005-- $94,900 +34.4%
        2004-- $70,600
        2003-- $70,600 +606%
        2002-- $10,000
        2001-- $10,000
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 24504

        Getting around

        45 / 100
        Car-Dependent
        30 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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