Great Investment Opportunity. This four-unit package includes a multi-family building and a single-family home (2530 Morson Street). Fully rented with long-term tenants in place. Conveniently located near shopping, dining, and major roadways, this property offers steady cash flow and investment potential. Square footage is estimated to be all 4 units. Photos reflect unit #2 at latest vacancy. A great addition to any portfolio with immediate rental income and room for future growth.
For sale
Price cut: $20K (4/9)
$179,900
2278 Otey St, Lynchburg, VA 24501
4beds
1,786sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$101/sqft
$-- HOA
What's special
- 57 days
- on Zillow |
- 411 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: April 09, 2025 at 10:26am
Listed by:
James Enoch 434-851-7061 james@jamespenoch.com,
Blackwater Property Management
Source: LMLS,MLS#: 357477
Originating MLS: Lynchburg Board of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Warm Air-Gas
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator), Unit 4(Range/Oven, Refrigerator)
Features
- Flooring: Vinyl, Wood Floors
- Has fireplace: Yes
Interior area
- Total structure area: 1,786
- Total interior livable area: 1,786 sqft
Property
Parking
- Parking features: Off Street
Lot
- Size: 10,053.65 Square Feet
Details
- Foundation area: 0
- Parcel number: 05022021
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Drywall, Paneling, Plaster, Aluminum Siding, Vinyl Shake, Wood Siding
Condition
- Year built: 1900
Utilities & green energy
- Electric: American Electric
- Sewer: County
- Water: City
Community & HOA
Community
- Features: Shopping Nearby
- Subdivision: Fairview Heights
Location
- Region: Lynchburg
Financial & listing details
- Price per square foot: $101/sqft
- Tax assessed value: $141,900
- Annual tax amount: $1,263
- Date on market: 2/27/2025
- Lease term: Month To Month
- Loading
- Loading