$ 605,000
-
$605,000
Price -
7
Bed - Bath
-
4,396
SqFt
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About the Listing MAKR1 - 3098363
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!
Listing Highlights for 540 Monticello St
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
VAWI2009348
Year Built
1956
Total Square Footage
4,396
Lot/Acreage
0.09
County
Winchester City
School District
Winchester City Public Schools
Elementary School
Call School Board
Middle School
Call School Board
High School
Call School Board
Interior Details
- Bedrooms: 7
- Bathrooms: Full
- Appliances: Dishwasher, Microwave, Oven/Range - Electric, Washer/Dryer Hookups Only, Water Heater
- Air Cond: Heat Pump(s)
- Heating: Heat Pump(s)
- Fireplaces:
- Floor: Carpet,Laminated,Laminate Plank
- Above Ground Sq Ft: 4396
- Below Ground Sq Ft: 0
- Basement:
- Other: 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
- Water: Public
Exterior Details
- Lot Description: Road Frontage,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 5
- Zoning: B2
- Roof: Architectural Shingle
- Others: Very Good
- Sewer: Public Sewer
- Parking Features: Paved Driveway,Assigned,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $3,670
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
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Listing Location
Questions About..
540 Monticello St Winchester, VA 22601
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