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For sale
  • $899,000

    1664 Graves Mill Rd, Lynchburg, VA 24502

    12beds
    6,792sqft
    : 
    Multi Family
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $132/sqft
    $-- HOA

    What's special

    Functional and in-demand layout
    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.
    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#: 365599MLS LogoOriginating MLS: Lynchburg Board of Realtors

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      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
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        4/8/2026Listed for sale$899,000+45%$132/sqft
        Source: LMLS #365599 Report a problem
        3/31/2023Sold$620,000$91/sqft
        Source: LMLS #342509 Report a problem
        2/9/2023Pending sale$620,000+53.1%$91/sqft
        Source: LMLS #342509 Report a problem
        6/16/2020Sold$405,000-39.1%$60/sqft
        Source: LMLS #297384 Report a problem
        8/29/2018Price change$665,000-4.3%$98/sqft
        Source: Flint Property Group #297384 Report a problem
        12/8/2017Price change$695,000-6.7%$102/sqft
        Source: Flint Property Group #311592 Report a problem
        11/2/2016Price change$745,000-3.9%$110/sqft
        Source: Flint Property Group #297384 Report a problem
        3/22/2016Listed 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

          Getting around

          43 / 100
          Car-Dependent
          0 / 100
          No Nearby Transit
          34 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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