540 Monticello St, Winchester, VA 22601
- $605,000
- 4,396
- SqFt
- List Price
- $605,000
- Days on Market
- 6
- Status
- ACTIVE
- MLS#
- VAWI2011668
- Living Area
- 4,396
- Lot Size (Acres)
- 0.09
- Style
- Other
- Year Built
- 1956
- County
- Winchester City
- School District
- Winchester City Public Schools
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
- Taxes
- $3669.72
- Stories
- 2
- Interior Features
- 2nd Kitchen, Additional Stairway, Bathroom - Tub Shower, Breakfast Area, Carpet, Combination Dining/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Table Space
- School District
- Winchester City Public Schools
- High School
- Call School Board
- Flooring
- Carpet, Laminated, Laminate Plank
- Heating
- Heat Pump(s)
- Heating Fuel
- Electric
- Cooling
- Heat Pump(s)
- Roof
- Architectural Shingle
- Utilities
- Cable TV Available, Multiple Phone Lines
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of MarketPlace REALTY. Contact: