Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1956
Sq.Footage
4,396
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!
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen
-
Total Bedrooms
7
-
Bathrooms
N/A
-
Above Grade Finished Area
4396.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Heat Pump, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
HardiPlank Type
-
Parking
Assigned, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.09
-
Lot Size(square feet)
3999.0
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Other
Price
-
Sales Price
$605,000
-
Tax Amount
$3,669.72
-
Sq. Footage
4, 396
-
Price/SqFt
$137
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
CALL SCHOOL BOARD
Property Features
-
Stories
2
-
New Construction
NO
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
27
-
Water Source
Public
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Location
County
WINCHESTER CITY
Elementary School
Middle School
High School
CALL SCHOOL BOARD
Listing Courtesy of Laura King , MarketPlace REALTY
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AGENT
Laurie Hailey
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