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540 MONTICELLO STREET, WINCHESTER, VA 22601
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$615,000
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Home Details for 540 MONTICELLO STREET
Price
$615,000
Type
Multi Family
Bedrooms
7
Year Build
1956
Sq. Ft.
4396
Lot Size
0.09
County
WINCHESTER CITY
Total Rooms
22
Tax
$3,669.72
MLS®️ Listing#
VAWI2007538
On exitrealty.com
239 days
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!
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- Cooling Information
- Heat Pump
- Electric
- Heating Information
- Electric
- Heat Pump
- Parking
- Assigned
- Driveway
- Water Features
- Public
- House Interior
- Eat-in Kitchen
- Utilities
- Cable Available
School Information
School Information for 540 MONTICELLO STREET
Elementary School
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Middle School
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High School
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Listing Courtesy: MarketPlace REALTY - 540-450-2747
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2025 Bright MLS. All rights reserved.
Last Updated: 2025-10-21 08:30:49
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