1. Virginia
  2. Winchester
  3. 540 MONTICELLO ST
$625,000

540 MONTICELLO ST, Winchester, VA 22601

  • 4,396 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $142/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Welcome to 540 Monticello Street, a turnkey Multi-Unit Investment Opportunity in Prime Downtown Winchester Location! Presenting a Triplex in the heart of Downtown Winchester—a rare opportunity for investors seeking strong cash flow in a highly desirable and commuter-friendly location. Just minutes from I-81 and I-66, and less than an hour from Northern Virginia, this property offers convenience, charm, and long-term value. The building features two 2-Bedroom, 1-Bath Units – Each offers large Kitchens, updated finishes, and their own Laundry Rooms. One of the units is ground level, and the other 2nd-Level unit has access to its own deck space. The largest unit of the three features two finished levels, connected with an interior staircase, 5-Bedrooms, 2 Full Baths, 2 Living Rooms, a Full kitchen, Laundry, and access to it's own private patio & deck. It's a unique two-level layout, perfect for multi-tenants and/or premium rental rates. Recent renovations throughout the last few years include: Luxury vinyl plank (LVP) flooring, fresh paint, and updated kitchens and baths Newer appliances in each unit A roof less than 3 years old Designated parking for all units With all units currently leased, this is a true turnkey investment with reliable income and minimal immediate maintenance needs. This well-maintained building features three fully occupied units, bringing in a current gross annual rental income of $43,200. Whether you're looking to grow your portfolio or occupy a unit while renting the others, or the potential for a short-term rental, this property checks all the boxes!

Listing Status:
Active
Listing Office:
MarketPlace REALTY : 5404502747
Listing Agent:
Laura King : 5404098683
MLS ID:
VAWI2007538
  • General: 2nd KitchenAdditional StairwayBathroom - Tub ShowerBreakfast AreaCarpetCombination Dining/LivingDining AreaEntry Level BedroomFamily Room Off KitchenKitchen - Eat-InKitchen - Table Space
  • Appliances: DishwasherMicrowaveOven/Range - ElectricWasher/Dryer Hookups OnlyWaterHeater
  • Flooring: CarpetLaminatedLaminate plank
  • A/C: Heat Pump(s)
  • Heating: Heat Pump(s)Electric
  • Disability Feature: None

This listing courtesy of Laura King, MarketPlace REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Frederick Douglass Elementary School

100 W Cedarmeade Ave, Winchester, VA, 22601

Grades KG-4

0.60 miles away

D

Daniel Morgan Middle School

48 S Purcell Ave, Winchester, VA, 22601

Grades 7-8

3.10 miles away

J

John Handley High School

425 Handley Blvd, Winchester, VA, 22601

Grades 9-12

2.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.