2228 Tulip St, Lynchburg, VA, 24504
About This Home
Fully occupied and cash-flowing from day one, this Lynchburg duplex generates a strong $1,700/month ($900 Unit A, $800 Unit B). Unit A is beautifully maintained, while Unit B, located on the second floor for added privacyhas been extensively updated with new kitchen countertops, cabinets, appliances, LVP flooring, fresh paint, a new toilet, and vanity. Separate electric meters for each unit support efficient management, with a single water meter. The property also features brand-new exterior paint, enhancing curb appeal. With stable in-place income and recent improvements, this is a low-maintenance, income-producing asset that's hard to pass up.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1917
Materials
- Construction materials: Drywall,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Water Heater,Unit 1(Dishwasher,Dryer,Range/Oven,Refrigerator,Washer),Unit 2(Dishwasher,Disposal,Dryer,Range/Oven,Refrigerator,Washer)
- Laundry features: Unit 1(Dryer Hookup,Washer Hookup),Unit 2(Dryer Hookup,Washer Hookup)
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet,Vinyl,Wood Floors,Unit 1 Carpet
- Fireplace: Yes
Heating & Cooling
- Heating features: Heat Pump,Wall/Space Unit
- Cooling features: Heat Pump
Interior Area
- Total structure area: 1,680
- Total interior livable area: 1,680 sqft
Property
Details
- Parcel number: 04707025
Lot
- Lot size: 5,388 sqft
Parking
- Parking features: Off Street,On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Strong Wind
- Inland Flooding
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $833 | $9,996 |
| Home Insurance * | $138 | $1,656 |
| Property Taxes | $112 | $1,344 |
| Electricity | $202 | $2,433 |
| Total | $1,285 | $15,420 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-11 | Listed for sale | $174,900 |
| 2026-01-19 | Listing removed | $179,900 |
| 2026-01-18 | Price change | $179,900 |
| 2025-11-14 | Listed for sale | $189,900 |
| 2025-10-28 | Listing removed | $199,000 |
| 2025-10-19 | Price change | $199,000 |
| 2025-09-11 | Price change | $212,000 |
| 2025-08-19 | Listed for sale | $219,500 |
| 2025-02-14 | Sold | $128,000 |
| 2024-12-21 | Pending sale | $129,900 |
| 2024-12-17 | Listed for sale | $129,900 |
| 2003-05-23 | Sold | $34,800 |
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