1511 Rivermont Avenue, Lynchburg, VA 24503 (MLS # 366481)

Price $345,000
Status Active
Beds 0
Baths 0 Bath
Home size n/a
Lot Size 6,108 sqft
Days on Market 9
Historic 1916 stucco duplex nestled in Lynchburg's coveted Rivermont Historic District. Both units are occupied and generating $2,390/month in gross rent. Unit 1511 offers 3 bedrooms and 1.5 baths with a long-term tenant at $795/month well below market and primed for upside at lease renewal. Unit 1513 features 3 bedrooms and 1 full bath commanding $1,595/month, reflecting strong demand along this premier corridor. Classic architectural details include a hip roof with slate tile, stucco exterior, hot water heat, and generous covered porch space. Full unfinished basement offers storage or future finishing potential. Tenants handle all lawn care and landscaping, keeping owner responsibilities minimal. Located in the EC Glass High School district, minutes from Randolph College, the James River trail, and downtown Lynchburg. A turnkey investment with immediate income and real room to grow.
Property Type(s): Multi Family
Last Updated 5/15/2026 Tract Middle Rivermont
Year Built 1916 County Lynchburg

SCHOOLS

School District Lynchburg
Elementary School Bedford Hills Elem
Jr. High School Linkhorne Midl
High School E. C. Glass High

Additional Details

LOT 6107 sq ft
SUBDIVISION Middle Rivermont
TAXES 2427

Location

 

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Listed with Raven Realty LLC
Listing information is deemed reliable, but not guaranteed.

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