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

  540 Monticello Street Winchester, VA 22601

Active (139 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 8 2025 at 8:30 PM GMT+0000
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 9/8/25 13:30
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Contact Us:

1682 S. Pleasant Valley Road, Winchester, VA 22601

info@premiermove.com

800.835.0811

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