540 Monticello Street Winchester, VA 22601
Listing Courtesy of: BRIGHT IDX / Marketplace Realty

  540 Monticello Street Winchester, VA 22601

Active (141 Days)
$615,000
4,396
SQFT
See Similar Listings

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 bathsNewer appliances in each unitA roof less than 3 years oldDesignated parking for all unitsWith 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!

MLS #:
VAWI2007538
Taxes
$3,670(2025)
Lot Size
3,999 SQFT
Type
Multifamily
Year Built
1956
Style
Other
School District
Winchester City Public Schools

Listed By

Laura King, Marketplace Realty
Source
BRIGHT IDX
Last checked Sep 10 2025 at 6:34 AM EDT
Bathroom Details
Interior Features
  • Dining Area
  • Dishwasher
  • Microwave
  • Water Heater
  • Kitchen - Eat-In
  • Washer/Dryer Hookups Only
  • Oven/Range - Electric
  • Entry Level Bedroom
  • Breakfast Area
  • Family Room Off Kitchen
  • Walls/Ceilings: Dry Wall
  • Kitchen - Table Space
  • Combination Dining/Living
  • 2nd Kitchen
  • Carpet
  • Additional Stairway
  • Bathroom - Tub Shower
Lot Information
  • Road Frontage
Property Features
  • Above Grade
  • Below Grade
  • Foundation: Slab
Heating and Cooling
  • Heat Pump(s)
Flooring
  • Laminated
  • Carpet
  • Laminate Plank
Exterior Features
  • Vinyl Siding
  • Hardiplank Type
  • Roof: Architectural Shingle
Utility Information
  • Utilities: Cable Tv Available, Multiple Phone Lines
  • Sewer: Public Sewer
  • Fuel: Electric
School Information
  • Elementary School: Call School Board
  • Middle School: Call School Board
  • High School: Call School Board
Parking
  • Paved Driveway
  • Assigned
Living Area
  • 4,396 sqft
Location
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 25, 2025
Price Changed
$615,000
-2%
-10,000
Disclaimer: Copyright 2025 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 9/9/25 23:34
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Contact Us:

1682 S. Pleasant Valley Road, Winchester, VA 22601

info@premiermove.com

800.835.0811

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