1664 Graves Mill Rd

6,792 Sq. Ft.
$132 / Sq. Ft.
6,792
Sq. Ft.
$132
per Sq. Ft.

Description

Don't miss this income-producing 8-plex 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....Don't miss this income-producing 8-plex 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. Whether you're a seasoned investor or looking to expand your holdings. A rare opportunity to own a multi-family property in a thriving commercial area with long-term upside potential
  1. Listed by Jim Rufus • eXp Realty LLC-Stafford

Property Details for 1664 Graves Mill Road

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LISTING UPDATED: 04/08/2026 12:47 PM

Property Details for 1664 Graves Mill Road

StatusActive
MLS #365599
Days on Market1
Taxes$5,000 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1970
Lot Size0.70 AC / 30,522 SF
CountyLynchburg Independent City

Location

Listing Courtesy of eXp Realty LLC-Stafford, Jim Rufus
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Building Information for 1664 Graves Mill Road

Stories-Residences8Year Built1970Building Size-Lot Size0.70 AC / 30,522 SF

Payment Calculator

$4,944 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,527

Property Taxes

$417

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1664 Graves Mill Road

Summary
Location and General Information
  • County/City: Lynchburg
  • State: VA
  • ZIP: 24502
  • Area: Lynchburg
  • Longitude: .00
  • Latitude: .00
  • City/Town: Lynchburg
Taxes and HOA
  • Tax Map/Parcel ID: 24013005
  • Estimated Taxes: $5,000.00
  • Taxes Expense: $.00
  • Association: Lynchburg Board of Realtors
  • Association Fee Amount: $.00
  • Association Fee: 0.00
School Information
  • Elementary School: Sandusky Elem
  • High School: Heritage High
  • Middle School: Sandusky Midl
  • School District: Lynchburg
Property
Lot Information
  • Acres: 0.7007
  • Lot Measurement: Acres
  • Lot Size Source: (Public Records)
  • Lot Square Footage: 30522.0
  • Square Footage: 6792.0
  • Square Footage Source: Public Record Manual
  • Est Foundation Sqft: 0.0
  • Est Other Sqft: 0.0
Property and Assessments
  • Property Type: Multi-Family
  • Property Subtype 1: Multi-Family
  • Year Built: 1970
  • Age: 0
  • FIPS Code: 680
  • Legal Description: GEORGE L JONES, LOT 4 & PT LOT 5
  • Property Disclaimer: All information herein has not been verified and is not guaranteed
  • Allow Auto Estimate: No
  • Allow Reviews: No
  • Validated: Yes
Utilities
  • Sewer: Septic Tank
  • Water Expense: $0
  • Water Heater: Electric
  • Water: City
  • # of Water Meters: 0
  • Electric Expense: $0
  • Shared Utilities: Indiv Meter/Electric
  • # of Electric Meters: 0
  • # of Gas Meters: 0
Interior and Exterior Features
Exterior Features
  • Exterior Finish (AG): Brick
Interior Features
  • Flooring: Carpet, Vinyl
  • Heating System: Heat Pump
  • Limited Services: No
  • Cooling: Heat Pump
  • Three Quarter Bathrooms: 0
Multi Family
Multi-Family Information
  • Total Number of Units: 8
  • Number of Unfurnished Units: 8
  • Number of Furnished Units: 0
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Full Baths: 1
  • Unit 1 Half Baths: 0
  • Unit 1 Rent Amount: $1,000.00
  • Unit 1 Square Feet: 0.0
  • Unit 1 Amenities: Range/Oven, Refrigerator
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Full Baths: 1
  • Unit 2 Half Baths: 0
  • Unit 2 Rent Amount: $1,000.00
  • Unit 2 Square Feet: 0.0
  • Unit 2 Amenities: Range/Oven, Refrigerator
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Full Baths: 1
  • Unit 3 Half Baths: 0
  • Unit 3 Rent Amount: $1,000.00
  • Unit 3 Square Feet: 0.0
Unit 4
  • Unit 4 Bedrooms: 2
  • Unit 4 Full Baths: 1
  • Unit 4 Half Baths: 0
  • Unit 4 Rent Amount: $1,000.00
  • Unit 4 Square Feet: 0.0
  • Unit 4 Amenities: Range/Oven, Refrigerator
Unit 5
  • Unit 5 Bedrooms: 2
  • Unit 5 Full Baths: 1
  • Unit 5 Half Baths: 0
  • Unit 5 Rent Amount: $1,000.00
  • Unit 5 Square Feet: 0.0
  • Unit 5 Amenities: Range/Oven, Refrigerator
Unit 6
  • Unit 6 Bedrooms: 2
  • Unit 6 Full Baths: 1
  • Unit 6 Half Baths: 0
  • Unit 6 Rent Amount: $1,000.00
  • Unit 6 Square Feet: 0.0
  • Unit 6 Amenities: Range/Oven, Refrigerator
Income and Expenses
  • Gas Expense: $0
  • Heat Expense: $0
  • Insurance Expenses: $0
  • Maintenance Expense: $0
  • Miscellaneous: Shopping Nearby
  • Net Oper Income: $0
  • Annual Gross Income: $0

Property History for 1664 Graves Mill Road

DateEvent & SourcePriceAppreciation
Apr 8, 2026

Listed (Active)

Lynchburg Association of REALTORS #365599

$899,000
Mar 31, 2023

Sold (Public Record)

Public Record #1509451264

$620,000

+16.5% / yr

Mar 31, 2023

Sold

Lynchburg Association of REALTORS #342509

$620,000
Feb 9, 2023

Pending

Lynchburg Association of REALTORS #342509

Feb 9, 2023

Listed (Active)

Lynchburg Association of REALTORS #342509

$620,000
Jun 17, 2020

Sold (Public Record)

Public Record #1428454334

$405,000
Jun 16, 2020

Sold

Lynchburg Association of REALTORS #297384

$405,000
Apr 20, 2020

Pending

Lynchburg Association of REALTORS #297384

Jan 2, 2019

Withdrawn

Roanoke Valley Association of REALTORS #852368

Sep 12, 2018

Listed (Active)

Roanoke Valley Association of REALTORS #852368

$665,000
Mar 22, 2016

Listed (Active)

Lynchburg Association of REALTORS #297384

$405,000
Jun 30, 2011

Expired

Lynchburg Association of REALTORS #264126

Jan 1, 2011

Listed (Active)

Lynchburg Association of REALTORS #264126

$750,000
Dec 30, 2010

Expired

Lynchburg Association of REALTORS #260748

Jan 1, 2010

Expired

Lynchburg Association of REALTORS #212670

Nov 15, 2006

Listed (Active)

Lynchburg Association of REALTORS #260748

$750,000
Jul 1, 2004

Listed (Active)

Lynchburg Association of REALTORS #212670

$750,000
DateEvent & SourcePrice
04/08/2026

Listed (Active)

Lynchburg Association of REALTORS #365599

$899,000
03/31/2023

Sold (Public Record)

Public Record #1509451264

$620,000

+16.5% / yr

03/31/2023

Sold

Lynchburg Association of REALTORS #342509

$620,000
02/09/2023

Pending

Lynchburg Association of REALTORS #342509

02/09/2023

Listed (Active)

Lynchburg Association of REALTORS #342509

$620,000
06/17/2020

Sold (Public Record)

Public Record #1428454334

$405,000
06/16/2020

Sold

Lynchburg Association of REALTORS #297384

$405,000
04/20/2020

Pending

Lynchburg Association of REALTORS #297384

01/02/2019

Withdrawn

Roanoke Valley Association of REALTORS #852368

09/12/2018

Listed (Active)

Roanoke Valley Association of REALTORS #852368

$665,000
03/22/2016

Listed (Active)

Lynchburg Association of REALTORS #297384

$405,000
06/30/2011

Expired

Lynchburg Association of REALTORS #264126

01/01/2011

Listed (Active)

Lynchburg Association of REALTORS #264126

$750,000
12/30/2010

Expired

Lynchburg Association of REALTORS #260748

01/01/2010

Expired

Lynchburg Association of REALTORS #212670

11/15/2006

Listed (Active)

Lynchburg Association of REALTORS #260748

$750,000
07/01/2004

Listed (Active)

Lynchburg Association of REALTORS #212670

$750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1664 Graves Mill Road

Taxable ValueLand$140,000Additions$451,500Total$591,500
Tax Record2025$4,969 ($414 / month)
Home Facts
Total Finished SqFt6,792 SqFtAbove Grade Finished SqFt6,792 SqFtStories2Lot Size30,522 SqFtStyleMulti-Family Res (5+ Units)Year Built1970ZoningB1CountyLYNCHBURG CITYAPN240 13 005

Schools near 1664 Graves Mill Road

This home is within Lynchburg City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 6
Rating
School
Distance
Sandusky Elementary School
PublicPK to 5

Sandusky Middle School
Public6 to 8

Heritage High School
Public9 to 12

Blue Ridge Montessori School
PrivatePK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

1664 Graves Mill Road is a multi-family home for sale in Lynchburg, VA 24502. This property was listed for sale on April 8, 2026 by eXp Realty LLC-Stafford, it's currently listed at $899,000. It has been on the market for a total of 0 days and was last sold on March 31, 2023. This listing's school district is Lynchburg City Public Schools. Nearby schools include Sandusky Elementary School, Sandusky Middle School and Heritage High School. 1664 Graves Mill Road is a 12-bed, 6-bath, 6,792 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty LLC-Stafford, Jim Rufus

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.