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.
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
- 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#: 368440
Originating 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
Zestimate®
$256,800
Estimated sales range
$244,000 - $270,000
Rent Zestimate®
$1,018/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Pending sale | $259,900$118/sqft |
Source: | ||
| 8/4/2026 | Listed for sale | $259,900+29.9%$118/sqft |
Source: | ||
| 2/20/2026 | Listing removed | $1,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/15/2025 | Price change | $1,100+10.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/14/2025 | Price change | $995-15.7% |
Source: Zillow Rentals Report a problem | ||
| 10/24/2025 | Listed for rent | $1,180+7.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/16/2025 | Listing removed | $1,095 |
Source: Zillow Rentals Report a problem | ||
| 7/28/2025 | Listed for rent | $1,095+99.1% |
Source: Zillow Rentals Report a problem | ||
| 3/7/2022 | Sold | $200,000+206.7%$91/sqft |
Source: Public Record Report a problem | ||
| 1/16/2018 | Listing removed | $550 |
Source: CVA Rentals Report a problem | ||
| 1/12/2018 | Listed for rent | $550 |
Source: CVA Rentals Report a problem | ||
| 10/31/2016 | Sold | $65,200-20%$30/sqft |
Source: | ||
| 8/11/2016 | Listed for sale | $81,500$37/sqft |
Source: Consensus Real Estate Service, #300441 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 24504
Nearby schools
GreatSchools rating
- 2/10Linkhorne Elementary SchoolGrades: PK-5Distance: 2.4 mi
- 2/10Linkhorne Middle SchoolGrades: 6-8Distance: 2.3 mi
- 3/10E.C. Glass High SchoolGrades: 9-12Distance: 1.4 mi
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