Rare Turnkey Duplex Opportunity on a 0.44-Acre Double Lot: 3 Bed/1 Bath Upstairs + Framed 2 Bed/1 Bath Downstairs! Perfect for house-hackers or investors. The upper level is move-in ready with 3 bedrooms, 1 bath, mini-split HVAC, updated flooring, refrigerator, and in-unit washer/dryer. Enjoy a bright, spacious living room and back deck overlooking Blackwater Creek. Massive Built-In Equity: Walkout lower level is fully framed for a complete 2-bed, 1-bath unit with its own separate electric meter and rough plumbing done. Finish drywall and fixtures to unlock an immediate second rental stream. Conveys two adjacent parcels (840 & 844 Old Forest Rd) totaling ~0.44 acres with off-street parking. Minutes from University of Lynchburg. Sold strictly As-Is; priced for immediate sweat equity!
Tate Springs, located between Fort Avenue and Rivermont Avenue, is a residential and historic Lynchburg neighborhood with leafy streets and early-20th-century architecture. The neighborhood’s character concentrates around the Fort Avenue corridor near the Boonsboro Road junction, where storefronts, patios, and steady foot traffic set a lived-in rhythm. Brick Colonials and Craftsman bungalows mix with tidy apartment buildings on rolling blocks that slope toward Blackwater Creek. Peaks View Park frames the area with ballfields and wooded edges, while the Blackwater Creek Trail adds a linear greenway feel. Community touchstones include the Academy Center of the Arts, Riverviews Artspace, and the Lynchburg Community Market for culture and local flavor.
Provided by Walk Score and Local Logic
Offer insights
840 Old Forest Rd · $185,000
$186K and above
75% chance or better to win
Why $186K+ is a strong offer
DAYS ON MARKET
12 days
The average home goes pending in 22 days.
SALE-TO-LIST
98.4%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Garden views from the property
Bathrooms
1 full bathroom
Kitchen
Electric range
Refrigerator
Electric water heater
Laundry & utility
Washer and dryer on the main level
Flooring
Vinyl flooring
Heating & cooling
Baseboard heating
Exterior features
Garden
Deck
Home design
Single-family residence
Single-story
Parking
Off-street parking
Construction
Shingle roof
Utilities
Public water
Public sewer
HOA & community
Community pool
Electricity and solar
View estimated energy costs and solar savings for this home
Rare Turnkey Duplex Opportunity on a 0.44-Acre Double Lot: 3 Bed/1 Bath Upstairs + Framed 2 Bed/1 Bath Downstairs! Perfect for house-hackers or investors. The upper level is move-in ready with 3 bedrooms, 1 bath, mini-split HVAC, updated flooring, refrigerator, and in-unit washer/dryer. Enjoy a bright, spacious living room and back deck overlooking Blackwater Creek. Massive Built-In Equity: Walkout lower level is fully framed for a complete 2-bed, 1-bath unit with its own separate electric meter and rough plumbing done. Finish drywall and fixtures to unlock an immediate second rental stream. Conveys two adjacent parcels (840 & 844 Old Forest Rd) totaling ~0.44 acres with off-street parking. Minutes from University of Lynchburg. Sold strictly As-Is; priced for immediate sweat equity!
LMLS #369070
Sep 5, 2026
Listed
$185,000
$157/sq ft
Public Records
Nov 10, 2022
Sold
$110,000
$93/sq ft
LMLS #340184
Nov 10, 2022
Delisted
—
Nov 10, 2022
Sold
$110,000
$93/sq ft
Aug 31, 2022
Pending
—
Aug 25, 2022
Listed
$110,000
$93/sq ft
+9
Great investment opportunity. Terrace level is fully partitioned and ready to finish into a separate apartment with it's own electric meter. 3 bedroom 1 full bath on the main level with appliances (As Is). There is a lot to the right, .4 acres that conveys and both are bordered by a bold creek. Off street parking and walking distance to University of Lynchburg.
MLSRV #888266
Apr 11, 2022
Listing Removed
—
Apr 11, 2022
Listing Removed
—
Apr 4, 2022
Listed
$110,000
$93/sq ft
LMLS #320096
Jul 30, 2019
Listed
$89,900
$76/sq ft
Public Records
Dec 19, 1978
Sold
$23,000
$19/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,173 (+47.2%)
$15,100 + $124,600
$139,700
2024
$797
$15,100 + $124,600
$139,700
2023
$797 (−12.8%)
$15,100 + $74,500
$89,600
2022
$915 (−7.2%)
$15,100 + $74,500
$89,600
2021
$986 (−4.1%)
$15,000 + $73,800
$88,800
2020
$1,028
$15,000 + $73,800
$88,800
2019
$1,028 (+2.2%)
$15,000 + $77,600
$92,600
2018
$1,006
$14,400 + $76,200
$90,600
2017
$1,006
$14,400 + $76,200
$90,600
2016
$1,005
$14,400 + $76,200
$90,600
Public record
Public record
Zoning
Permits
Beds
2
Baths
3
Stories
1
Lot width
50 ft.
Lot depth
—
Lot size
6,286 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,272
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,272
Year built
1962
Style
Multi-Family (2-4 Unit)
County
Lynchburg
APN
01503017
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
RC
Conservation District
The R-C district is intended to provide for very low intensity development in areas not served by City sewer and water supply systems, and areas with special natural characteristics that limit land uses and development to protect the City's environmental health. This district encompasses sensitive land in stream valleys and areas of steep slope, which should be retained as open spaces with passive recreational uses, with only essential public facilities that cannot reasonably be located outside the district and very low intensity land uses.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Livestock production
Housing-Group
Housing-Single unit
Housing-Student
Housing-Other
Infrastructure
Fire house
Police station
Recreation-Other
Feb 21, 2019 • Final
Electrical
Remove and replace existing electrical panels.
Electrical
Jul 20, 2008 • Final
Building
Perform an interior renovation.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
8/10 Flood Factor
Estimated 74-82% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 102° expected this year, 18 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Lynchburg, VA • 24501
Average low and high temperatures (°F)
43
26
50
32
67
42
74
51
76
55
86
66
90
71
81
64
79
60
70
49
62
41
47
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
70/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 840 Old Forest Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $133,000 and $184,900.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $133K to $185K.