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Sold on 04/19/2024

86 Salem Rd, Evington, VA 24550

$326,000

Last sold 04/19/2024 for $300K

  • 6

    bed

  • 4

    bath

  • 3,480

    Sqft ($86/Sqft)

Multi-family not for sale
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About 86 Salem Rd

Property type Multi-family
Neighborhood
Year built 1976
HOA fee $0/month
Lot size 0.31 Acre
Movoto estimate
Property description
Located in Campbell County less than 10 minutes from Liberty University and 5 minutes to shops, restaurants, and businesses on Timberlake Rd is this 4 plex investment property waiting for its new owner! Two of the units feature spacious 2 bedrooms and 1 bathroom layout, while the remaining two units downstairs offer a cozy 1 bedroom and 1 bath configuration. Currently all 4 units are leased generating a total gross income of $2,080/month showcasing the properties strong revenue potential and stability. This steady income stream provides investors with a lucrative opportunity to capitalize on the thriving rental market in Lynchburg. Whether you're a seasoned investor looking to expand your portfolio or a discerning buyer seeking a profitable income property, this 4 plex is located in a fantastic spot in close proximity to all Lynchburg has to offer. Don't wait long!
Listed by
Listing Agent - Thomas R Nolen
Listing Office - Nolen Real Estate
Source: Lynchburg MLS mls logo
MLS#351715 • last updated 2 years ago
Movoto checked Lynchburg MLS for data 48 minutes ago
Overview
Cooling/AC Central Electric, Window Unit(s)
Heating Electric Baseboard, Forced Warm Air-Elec
SqFt 3480
SubType Multi-Family
Status Closed/Sold
Type Multi-Family
Lot Size (Acres) 0.309
Lot Size (SqFt) 13460
Estimated Taxes 1052
Year Built 1976
Interior
Flooring Carpet, Vinyl
Exterior
Exterior Brick
Parking Off Street Parking
Amenities / Utilities
Utility - Electric American Electric
Sewer/ Septic Septic Tank
Water Well
Water Heater Electric
Location
County/ City Campbell
Area Campbell
Elementary School Tomahawk Elem
Middle School Brookville Midl
School District Campbell
High School Brookville High
Zoning R
Multifamily Details
Unit 3: # Bedrooms 1
Unit 1 # Bedrooms 2
Unit 4: Rent 425
Unit 3: # Full Baths 1
Unit 1: # Full Baths 1
Owner Pays Lawn Care
Unit 3: Amenities Range/Oven, Refrigerator
Unit 1: Amenities Range/Oven, Refrigerator
Unit 4: Amenities Range/Oven, Refrigerator
Unit 2: # Bedrooms 2
Unit 2: # Full Baths 1
Unit 4: # Bedrooms 1
Unit 1: Rent 330
Unit 1: Occupancy Occupied
Unit 4: # Full Baths 1
Unit 3: Occupancy Occupied
Unit 2: Amenities Dryer Hookup, Range/Oven, Refrigerator, Washer Hookup
Unit 3: Rent 525
Unit 2: Rent 800
Unit 4: Occupancy Occupied
Unit 2: Occupancy Occupied
Total # Units 4
Annual Gross Income 24960
$326K
Range: $293K-$358K
Last 30 days 
  • Jun 2024
    mls logo MLS # 351715
  • Jun 14, 2024 Closed
    $300,000
  • Apr 19, 2024 Pending
    —
  • Apr 16, 2024 Listed
    $299,900 (-23.1%)
  • May 2001
    mls logo MLS # 128360
  • May 1, 2001 Closed
    $390,000 (-2.5%)
  • Feb 9, 2001 Listed
    $399,900
  • Year Property taxes Tax assessment
  • 2025
    $1,053
    $233,900
  • 2024
    $1,053
    $233,900
  • 2023
    $1,053 +8.5%
    $233,900 +25.35%
  • 2022
    $970
    $186,600
  • 2021
    $970
    $186,600
  • 2020
    $970 -5.0%
    $186,600
  • 2019
    $1,021
    $186,600
  • 86 Salem Rd
    $300K
  • Campbell
    —
  • 24550
    $345K -7% y/y
  • Evington
    $347K -7% y/y
No chart available
Statistics calculated by Movoto

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7/10
Tomahawk Elementary School
public Grades PK, K-5
Campbell County Public Schools
3/10
Brookville Middle School
public Grades 6-8
Campbell County Public Schools
5/10
Brookville High School
public Grades 9-12
Campbell County Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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  • 86 Salem Rd
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