525 N Cameron Street
Winchester, VA 22601
- 5 beds
- 2 baths
- 1,694 sqft
- 5,750 sqft lot
- $253 per sqft
- 1920 build
Looking to drastically reduce your living expenses? You should HOUSE HACK! This is the perfect property to do that. It is a duplex with one unit rented. You can live in the other have have the tenant slash your mortgage payment in half or more! Back on the market, Buyer contract fell through. Motivated seller! Amazing multifamily duplex (Cash-Machine) for sale in a prime location in Winchester City. Super Convenient location! Less than half a mile from the Old town Winchester historic walking mall. Large back yard with off street parking in the back accessible from Kern Ln. Combined rents of $40,380 a year with potential to push to $43,200. This is perfect for a house-hacker, first time investor or a seasoned investor looking to expand their portfolio. Looking to place 1031 funds somewhere? This may be the perfect spot! On the second level of this duplex is a 3 bed, 1 bath unit that was just renovated in Jan 2025 with new Luxury Vinyl Plank flooring, new paint and an updated bathroom. Seller is planning to leave this unit vacant for 2 weeks so that we can show it to interested buyers. Available to show now. This will be on the market to rent for $1800 a month. If you accept section 8 or housing vouchers then you have potential to increase it even more. The HUD FMR for 3 bedrooms were just updated to $1952/mo in this area. On the main level is a 2 bed, 1 bath unit that was fully renovated in 2021 with new LVP and amazingly refinished hardwood floors, brand new bathroom, all new paint and stainless kitchen appliances. Great long term tenant renting through Dec 2027! She said she hopes to stay there forever if possible! Current rent is $1565/mo with an 5% increase each year. Photos shown for this unit are from before existing tenant moved in. No showings available for this unit (please do not disturb tenant) however a $2700 Security deposit will be transferred to new owner at settlement for this lease. Financing options: 1. If you are looking to "House-Hack" you may qualify to buy this with 0-5% down using an FHA, VA or owner occupied conventional loan. Live in one of the units and have the tenant in the other unit help drastically reduce your mortgage payment! The current rental income may actually help you qualify for a higher mortgage than you normally would without it. Live there for a year or so, then move on to your next purchase...and guess what? You just purchased a cash-flowing rental property in an appreciating market for 0-5% down! That is unheard of! 2. Or Rent out both sides and purchase with a 20-25% down conventional loan through a traditional lender based on your debt to income. Result. Positive Cashflow! 3. Don't want a loan based on your debt to income? We have great investment lenders who can help you purchase this with 20-25% down based on the rental income of the property alone! These loans are amazing! Your income does not matter. You purchase in an LLC, not in your name, and the loans typically do not show up on your personal credit report! Result. Positive Cashflow
Last checked:
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Checking…
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Last updated Mar 31, 2025
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MLS# VAWI2007254 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1920
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Year Built Source:Estimated
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Year Major Reno/Remodel:2025
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Roof:Metal
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New Construction:No
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Construction Materials:Vinyl Siding
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Building Levels:2
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Structure Type:Twin/Semi-Detached
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Architectural Style:Colonial
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Levels:2
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Accessibility Features:None
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Foundation Details:Other
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Basement:Yes
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Basement Type:Dirt Floor, Interior Access, Unfinished
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:1694
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Above Grade Finished SqFt Source:Estimated
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Estimated
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Below Grade Unfinished SqFt Source:Estimated
Interior
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Interior Features:2nd Kitchen
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Room Count:12
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Flooring Type:Hardwood, Luxury Vinyl Plank
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:1694
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Living Area SqFt:1,694 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Contract, Conventional, FHA, Installment Sale, Lease Purchase, Negotiable, Seller Financing, VA, VHDA, Wrap, Other
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Possession:0-30 Days CD, Negotiable, Subject to Existing Lease
Location
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Directions:From the walking mall entrance, head east on E Piccadilly for one block and swing a left at Piccadilly Grill Diner which takes you to North Cameron St. Head down North Cameron and the property is on the left. Off street property at the back accessible from Kern Ln.
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Latitude:39.19105000
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Longitude:-78.16181000
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:0.13
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Lot Size Source:Estimated
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Lot SqFt:5,750 Sqft
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Zoning:B1
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:3
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (703) 725-5279
- Office phone:
- (703) 430-9008
Taxes
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Tax ID Number:153-01-E- 31-
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Tax Year:2022
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Tax Lot:31
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Tax Annual Amount:$1,429
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Tax Assessed Value:$153,700
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Year Assessed:2022
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City/Town Tax:1429.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:5
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Bedrooms Main Level:2
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Upper Level Bedrooms:3
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Upper Level 1 Bedrooms:3
Baths
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Total Baths:2
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Full Baths:2
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Main Level Baths:1.00
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Main Level Full Baths:1
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Upper Level Full Baths:1
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Upper Level Total Baths:1
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Upper Level Total Baths:1.00
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Upper Level Full Baths:1
Heating & Cooling
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Cooling Type:Ceiling Fan(s), Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Appliances
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Appliances:Built-In Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances
Schools
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School District Name:Winchester City Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:None Available
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Senior Community:No
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Pool:No Pool
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Association Recreation Fee:No
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HOA:No
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Condo/Coop Association:No
Parking
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Total Garage and Parking Spaces:4
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Garage:No
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Type of Parking:Alley, Driveway, Off Street, On Street
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Parking Features:Asphalt Driveway, Free, Paved Driveway, Paved Parking, Private
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Off Street - # of Spaces:4
Extra Units
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Vacation Rental:No
Monthly cost estimate

Asking price
$429,000
Expense | Monthly cost |
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Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,297
|
Taxes | $119 |
Insurance | $117 |
Utilities | $168 See report |
Total | $2,701/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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3/30/25
Mar 30, 2025
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Sold Subject To Contingencies | BRIGHT | $429,000 | |
3/20/25
Mar 20, 2025
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Price Changed | BRIGHT | $429,000 | -3.6% |
3/14/25
Mar 14, 2025
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Listed / Active | BRIGHT | $445,000 | -1.1% |