540 MONTICELLO ST Active Save Request In-Person Tour Request Virtual Tour
Winchester,VA 22601
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,396 sqft
Price per Sqft $142
MLS Listing ID VAWI2007538
Style Other
Year Built 1956
Annual Tax Amount $3,669
Tax Year 2025
Lot Size 3,999 Sqft
Property Sub-Type Triplex
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!
Location
State VA
County Winchester City
Zoning B2
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Heat Pump(s)
Flooring Carpet,Laminated,Laminate Plank
Equipment Dishwasher,Microwave,Oven/Range - Electric,Washer/Dryer Hookups Only,Water Heater
Exterior
Garage Spaces 5.0
Parking On Site 5
Utilities Available Cable TV Available,Multiple Phone Lines
Water Access N
Roof Type Architectural Shingle
Building
Lot Description Road Frontage
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Dry Wall
New Construction N
Schools
Elementary Schools Call School Board
Middle Schools Call School Board
High Schools Call School Board
School District Winchester City Public Schools
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Standard