6 Beds
2.5 Baths
$345,000
1511 Rivermont Avenue, Lynchburg VA, 24503
Price per sqftN/A
Built in1916
Property typeMulti-family
Overview
Active
Listed May 15, 2026
Updated May 16
Historic 1916 stucco duplex nestled in Lynchburg's coveted Rivermont Historic District. Both units are occupied and generating $2,390/month in gross rent. Unit 1511 offers 3 bedrooms and 1.5 baths with a long-term tenant at $795/month well below market and primed for upside at lease renewal. Unit 1513 features 3 bedrooms and 1 full bath commanding $1,595/month, reflecting strong demand along this premier corridor. Classic architectural details include a hip roof with slate tile, stucco exterior, hot water heat, and generous covered porch space. Full unfinished basement offers storage or future finishing potential. Tenants handle all lawn care and landscaping, keeping owner responsibilities minimal. Located in the EC Glass High School district, minutes from Randolph College, the James River trail, and downtown Lynchburg. A turnkey investment with immediate income and real room to grow.
$2,295/mo
Est. mortgage payment based on a $345,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 366481
- Available since
- January 1, 1800
Interior Features
- Bedrooms
- 6
- Bathrooms
- 2.5
- Fireplace
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.14 Acres
Other Property Details
- Taxes
- $2,427
- Tax Frequency
- Annually
- 55+/Senior Community
- No
Courtesy of Raven Realty LLC
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright: by the VA - Lynchburg Association of REALTORS® (LAR).