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For sale
  • Price cut: $20K (4/9)
    $179,900

    2278 Otey St, Lynchburg, VA 24501

    4beds
    1,786sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $101/sqft
    $-- HOA

    What's special

    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.
    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#: 357477MLS LogoOriginating MLS: Lynchburg Board of Realtors
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 2278 Otey St.

    Next available tour time:Today at 3:30pm

    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
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