540 Monticello St, Winchester, VA 22601
- $605,000
- 4,396
- SqFt
- List Price
- $605,000
- Status
- ACTIVE
- Days on Market
- 17
- MLS#
- VAWI2011668
- Subtype
- Multi-Family
- Style
- Other
- Year Built
- 1956
- Living Area
- 4,396
- Lot Size
- 3,999
- Acres
- 0.09
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 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!
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Additional Information
- Interior Features
- Second Kitchen, Multiple Staircases, Tub Shower, Breakfast Area, Some Carpeting, Dining Combo, Separate Dining Room, Entry Level Bedroom, Family Room Off Kitchen, Eat-in Kitchen
- Taxes
- $3,669
- Property Description
- Other
- Zoning
- B2
- Flooring
- Carpet, Laminate, Laminate
- Appliances
- Dishwasher, Microwave, Electric Range, Washer/Dryer Hookups Only, Water Heater
- Heating
- Heat Pump
- Air Conditioning
- Heat Pump
- Roof
- Architectural
- Foundation
- Slab
- Parking Features
- Paved Driveway, Assigned
- School District
- Winchester City Public Schools
- High School
- Call School Board
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Listing courtesy of MarketPlace REALTY. Contact: