2908 Memorial Avenue
Lynchburg, VA 24501
--
Bed
0
Bath
3,624Sqft
0.14Acre(Lot)
This is a fantastic fully tenanted investment opportunity comprising two commercial units and four 1-bedroom apartments. The property generates immediate rental income from day one, making it an ideal choice for investors seeking a stable, income-producing asset. With all units already rented out, this mixed-use property offers a secure and diversified income stream across both commercial and residential tenants. The two commercial units provide strong business rental appeal, while the four 1-bedroom apartments benefit from consistent demand in the rental market. A rare opportunity to acquire a fully occupied mixed-use investment with reliable returns, strong tenancy profile, and excellent long-term potential.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1932 Building Area Total: 3624 Private Pool: No
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Lot Information
Lot Size Acres: 0.1377 Lot Size Source: Public Records Lot Size Square Feet: 5998
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Listing Price Information
Listing Price: $415000
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Tax Information
Annual Tax: $1700 Tax Legal Desc: Parcel ID: 01211013
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School Information
Elementary School: TC Miller ElemJunior High School: PL Dunbar MidlSenior High School: E. C. Glass High
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1609 Shaffer Street, Lynchburg, VA, 24501 | $205,000 | -- | -- | 1,800 | 1,800 SqFt |
| 1505 Edley Place, Lynchburg, VA, 24501 | $520,000 | -- | -- | -- | |
| 405 Langhorne Lane, Lynchburg, VA, 24501 | $325,000 | -- | -- | 2,596 | 2,596 SqFt |
| 4327 Sussex Street, Lynchburg, VA, 24501 | $620,000 | -- | -- | 46,266 | 46,266 SqFt |
| 500 Stafford Street, Lynchburg, VA, 24501 | $187,900 | -- | -- | 1,743 | 1,743 SqFt |
| 309 Wyndale Drive, Lynchburg, VA, 24501 | $900,000 | -- | -- | -- |
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Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Lynchburg Association of REALTORS®. 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. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Lynchburg Association of REALTORS®. All Rights Reserved.
ByOwner last updated this listing 07/14/2026 @ 12:41
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