Outstanding Investment Opportunity - Minutes from Liberty & University of Lynchburg! This fully vacant duplex offers an ideal setup for both seasoned investors and first-time buyers looking to build equity and generate strong cash flow. With both units move-in ready, you can place tenants at current market rents from day one. This property is perfectly positioned for long-term appreciation, tenant stability, and attractive returns. Don't miss your chance to secure a value-add asset in one of Lynchburg's fastest-growing rental markets!
For sale
$239,900
2244 Memorial Ave, Lynchburg, VA 24501
4beds
2,084sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$-- Zestimate®
$115/sqft
$-- HOA
What's special
- 6 days
- on Zillow |
- 471 |
- 24 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 12:43pm
Listed by:
Stephen J Acree 434-771-2531 stephen@acreebrothersrealty.com,
Keller Williams
Source: LMLS,MLS#: 361033
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: 2
- Full bathrooms: 2
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Electric Water Heater, Unit 1(Range/Oven, Refrigerator)
- Laundry: Unit 1(Dryer Hookup, Washer Hookup), Unit 2(Dryer Hookup, Washer Hookup)
Features
- Flooring: Vinyl, Wood Floors
- Has fireplace: Yes
Interior area
- Total structure area: 2,084
- Total interior livable area: 2,084 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 5,445 Square Feet
Details
- Foundation area: 0
- Parcel number: 01104018
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Plaster, Vinyl Siding
Condition
- Year built: 1923
Utilities & green energy
- Electric: American Electric
- Sewer: City
- Water: City
Community & HOA
Community
- Features: Shopping Nearby
Location
- Region: Lynchburg
Financial & listing details
- Price per square foot: $115/sqft
- Tax assessed value: $136,000
- Annual tax amount: $1,210
- Date on market: 8/4/2025
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