Active

MLS: #VAWI2009974, Listed By: Laura King, MarketPlace REALTY, Source:Bright MLS

540 Monticello Street

WINCHESTER, VA 22601

$605,000 $2,550/Mo

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Overview

Bed

Bath

4,396

Sqft

0.09

Acre(Lot)

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 k itchen, 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 The roof less than 3 years old New HVAC installed (2025) 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 $45,300. 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!

Property Details

Property Type : Residential Income

Price : $605,000

AD Id : 75451486

MLS Id : VAWI2009974

Beds : 7

Lot Size : 0.09 Acre

Living Area Size : 4,396

Year Built : 1956

County : WINCHESTER CITY

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 7

Room Information

Rooms Total: 22
Flooring Information

Laminate, Carpet
Roofing Information

Shingle
Interior Features

Eat-in Kitchen Roof: Shingle Appliances: Electric Range, Electric Oven, Electric Water Heater, Dishwasher, Microwave, Water Heater Laundry Features: Washer Hookup Window Features: Double Pane Windows
Heating & Cooling

Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Heat Pump, Electric

Building Information

Year Built: 1956 Building Area Total: 4396 Construction Materials: HardiPlank Type Pool Features: None Private Pool: No

Lot Information

Lot Size Acres: 0.09 Lot Size Source: Assessor Lot Size Square Feet: 3999

Listing Price Information

Listing Price: $605000

Tax Information

Parcel Number: 330/ 02 / 27/ / Tax Lot: 27 Tax Year: 2025 Annual Tax: $3669.72

Parking Information

Parking Total: 5 Assigned, Driveway

School Information

Elementary School:

Junior High School:

Senior High School: CALL SCHOOL BOARD
Utility Information

Cable Available
Location Information

Direction: From Valley Ave (Rt. 11) North make a Right onto Monticello Street, building is on your Left. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
434-434 1/2 Fairmont Av.., Winchester, VA, 22601	$679,900	6	--	3,190	3,190 SqFt
45 AND 45 1/2 Race Street, Winchester, VA, 22601	$275,000	4	--	1,249	1,249 SqFt
446 N Loudoun Street, Winchester, VA, 22601	$599,950	5	--	1,948	1,948 SqFt
1400 Valley Avenue, Winchester, VA, 22601	$599,900	6	--	3,511	3,511 SqFt

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ByOwner last updated this listing 06/18/2026 @ 14:55

MLS: VAWI2009974 LISTED BY: Laura King, MarketPlace REALTY 540-450-2747 SOURCE: Bright MLS