505 Mechanic St

Luray, VA 22835
  • $585,000

    Price
  • 4

    Bed
  • 2

    Bath
  • 1,524

    SqFt

About the Listing CBFR4 - 3292750

Rare Investment Opportunity in Luray, VA – Active Short-Term Rental on 5 Acres (Lots 42A3-A-69B and 42A3-A-69) Don’t miss this incredible chance to own a profitable short-term rental property in the heart of Luray, VA! This 5-bedroom, 2-bath home has been fully renovated in 2025 and is situated on a spacious 5-acre lot within town limits. Since launching as a vacation rental in April of this year, the property has already generated over $20,000 in rental income, with more bookings and growth anticipated. Guests love the home’s charm, comfort, and location—see glowing reviews on Airbnb. Highlights include: Major 2025 renovations throughout Five bedrooms and two full bathrooms – spacious layout for groups Active Airbnb income stream with proven results R-3 zoning with ample opportunity for expansion, including the adjoining lot Perfect setting for an investment property, hobby farm, or a retreat This is a rare find—a profitable short-term rental with expansion potential right in the Town of Luray. Whether you’re looking to grow your portfolio, start a small farmette, or own a turn-key investment property near Shenandoah National Park, this one won’t last long. Schedule your showing today before it’s gone!

Listing Highlights for 505 Mechanic St

Status Active
Days on Site 35
Property Type Residential
MLS ® VAPA2005422
Year Built 1913
Total Square Footage 1,524
Lot/Acreage 5
County Page
Neighborhood None Available
School District Page County Public Schools

Interior Details

  • Bedrooms: 4
  • Bathrooms: 2 Full
  • Appliances:
  • Air Cond: Central A/C
  • Heating: Heat Pump(s)
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 1524
  • Below Ground Sq Ft: 0
  • Basement:
  • Other: Main Floor Bedrooms: 1
  • Water: Public

Exterior Details

  • Lot Description: Not New Construction,Horse Property: No,In City Limits
  • Garage Capacity: N/A
  • Zoning: R-3
  • Roof: Metal
  • Others:
  • Sewer: Public Sewer
  • Parking Features: Driveway

Financial Details

  • Tax Amount: $1,652
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2025

Payment Calculator

Monthly Payment

  • in Principal and Interest
  • in Taxes
Years
% Down Payment
% Mortgage Rate

Listing Location

Questions About..

505 Mechanic St Luray, VA 22835

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Never Miss A New Property

Get notified any time there's a new home on the market in this neighborhood!

Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.

Originating MLS: BRIGHT_MAIN

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
home

Would you like to schedule a consultation now?

Yes
No

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value

or another way