Don't miss this income-producing 8-plex (16 bedrooms/ 8 baths) ideally located in a high-traffic corridor on Graves Mill Road, surrounded by established restaurants, businesses, and everyday conveniences. This prime location offers easy access to the expressway, airport, and local colleges, making it highly desirable for tenants. Each of the eight units features 2 bedrooms and 1 full bath, offering a functional and in-demand layout. The property is shown by appointment only. Do Not go to the property, or approach tenants. A bank letter or proof of funds will need to be provided prior to making an appointment. With a monthly income of $7,700, this property presents a solid return with room for future growth. Its strong rental history, excellent location, and consistent demand make it a great addition to any investment portfolio. A rare opportunity to own a multi-family property in a thriving commercial area with long-term upside potential.
For sale
$899,000
1664 Graves Mill Rd, Lynchburg, VA 24502
12beds
6,792sqft
Est.:
Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$132/sqft
$-- HOA
What's special
Functional and in-demand layout
- 5 days |
- 395 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Jim L Rufus 434-258-6912 jimrufus@outlook.com,
eXp Realty LLC-Stafford
Source: LMLS,MLS#: 365599
Originating MLS: Lynchburg Board of Realtors
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Electric Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 4(Range/Oven, Refrigerator), Unit 5(Range/Oven, Refrigerator), Unit 6(Range/Oven, Refrigerator)
Features
- Flooring: Carpet, Vinyl
- Has fireplace: Yes
Interior area
- Total structure area: 6,792
- Total interior livable area: 6,792 sqft
Property
Lot
- Size: 0.7 Acres
Details
- Foundation area: 0
- Parcel number: 24013005
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 1970
Utilities & green energy
- Electric: Indiv Meter/Electric
- Sewer: Septic Tank
- Water: City
Community & HOA
Community
- Features: Shopping Nearby
Location
- Region: Lynchburg
Financial & listing details
- Price per square foot: $132/sqft
- Annual tax amount: $5,000
- Date on market: 4/8/2026
- Cumulative days on market: 6 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listed for sale | $899,000+45%$132/sqft |
Source: | ||
| 3/31/2023 | Sold | $620,000$91/sqft |
Source: | ||
| 2/9/2023 | Pending sale | $620,000+53.1%$91/sqft |
Source: | ||
| 6/16/2020 | Sold | $405,000-39.1%$60/sqft |
Source: | ||
| 8/29/2018 | Price change | $665,000-4.3%$98/sqft |
Source: Flint Property Group #297384 Report a problem | ||
| 12/8/2017 | Price change | $695,000-6.7%$102/sqft |
Source: Flint Property Group #311592 Report a problem | ||
| 11/2/2016 | Price change | $745,000-3.9%$110/sqft |
Source: Flint Property Group #297384 Report a problem | ||
| 3/22/2016 | Listed for sale | $775,000$114/sqft |
Source: Flint Property Group #297384 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Est. payment
$4,941/mo
Principal & interest
$4417
Property taxes
$524
More affordability tools
Climate risks
Neighborhood: 24502
Nearby schools
GreatSchools rating
- 5/10Sandusky Elementary SchoolGrades: PK-5Distance: 2.1 mi
- 3/10Sandusky Middle SchoolGrades: 6-8Distance: 2.1 mi
- 2/10Heritage High SchoolGrades: 9-12Distance: 2.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Virginia
- Lynchburg City
- Lynchburg
- 24502
- 1664 Graves Mill Rd


