Discover a prime investment opportunity in Lynchburg! This is a well-maintained, brick, two-story walk-up with basement. It is conveniently located at 1200 Liggates Rd and features two buildings, 12 residential units and generating positive cash flow at full occupancy. Recent upgrades: 75% of units have been renovated since 2023, to include updated flooring, paint, cabinets & counters as needed, new windows, new heat pumps, new roof; shared common areas renovated (2025); Shared Laundry in basement that is coin operated for extra income! Ample parking, and centrally located in Lynchburg! Close to Liberty University, restaurants, shopping and local amenities, it's positioned for strong returns - act now to secure this opportunity!
For sale
Price cut: $50K (2/19)
$1,100,000
1200 Liggates Rd, Lynchburg, VA 24502
--beds
10,692sqft
Est.:
Multi Family
Built in 1962
-- sqft lot
$1,064,000 Zestimate®
$103/sqft
$-- HOA
What's special
Ample parkingTwo-story walk-upUpdated flooringNew windowsNew roofShared laundry in basement
- 118 days |
- 1,083 |
- 60 |
Zillow last checked: 8 hours ago
Listing updated: February 19, 2026 at 06:53am
Listed by:
Callie Reyes 434-610-8089 callie@nbshomesva.com,
Mark A. Dalton & Co., Inc.
Source: LMLS,MLS#: 362720
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Electric Water Heater
- Laundry: Common Area
Features
- Flooring: Vinyl
Interior area
- Total structure area: 10,692
- Total interior livable area: 10,692 sqft
Property
Parking
- Parking features: Off Street, Parking Lot, Paved Drive
- Has uncovered spaces: Yes
Lot
- Size: 0.53 Acres
Details
- Foundation area: 0
- Parcel number: 02909006
- Zoning: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Drywall, Brick
Condition
- Year built: 1962
Utilities & green energy
- Electric: American Electric, Indiv Meter/Electric
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Commercial Misc
Location
- Region: Lynchburg
Financial & listing details
- Price per square foot: $103/sqft
- Annual tax amount: $5,465
- Date on market: 10/29/2025
- Cumulative days on market: 104 days
- Lease term: Month To Month
Estimated market value
$1,064,000
$1.01M - $1.12M
$1,098/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/19/2026 | Price change | $1,100,000-4.3%$103/sqft |
Source:  LMLS #362720 Report a problem | ||
| 1/13/2026 | Price change | $1,150,000-4.2%$108/sqft |
Source: LMLS #362720 Report a problem | ||
| 1/6/2026 | Listed for sale | $1,200,000$112/sqft |
Source: LMLS #362720 Report a problem | ||
| 12/23/2025 | Pending sale | $1,200,000$112/sqft |
Source: LMLS #362720 Report a problem | ||
| 10/29/2025 | Listed for sale | $1,200,000$112/sqft |
Source: LMLS #362720 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$5,854/mo
Principal & interest
$5212
Property taxes
$642
Climate risks
Neighborhood: 24502
Nearby schools
GreatSchools rating
- 2/10Sheffield Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 5/10Paul Laurence Dunbar Mid. For Innov.Grades: 6-8Distance: 2.2 mi
- 3/10E.C. Glass High SchoolGrades: 9-12Distance: 1.5 mi
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