540 Monticello Street
Winchester, VA 22601
- – beds
- – baths
- 4,396 sqft
- 3,999 sqft lot
- $142 per sqft
- 1956 build
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 A roof less than 3 years old 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 $43,200. 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!
Last checked:
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Last updated Apr 23, 2025
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MLS# VAWI2007538 —
The Building
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Year Built:1956
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Year Built Source:Assessor
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Roof:Architectural Shingle
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New Construction:No
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Construction Materials:HardiPlank Type, Vinyl Siding
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Building Levels:2
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Building Units Total:3
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Structure Type:Other
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Historic:No
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Architectural Style:Other
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Door Features:Insulated, Six Panel
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Window Features:Double Pane
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Accessibility Features:None
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Foundation Details:Slab
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Basement:No
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Building Winterized:No
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:4396
Interior
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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
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Room Count:22
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Flooring Type:Carpet, Laminated, Laminate Plank
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Fireplace:No
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Wall & Ceilings:Dry Wall
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:4396
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Living Area SqFt:4,396 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, Other
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Possession:Settlement
Location
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Directions:From Valley Ave (Rt. 11) North make a Right onto Monticello Street, building is on your Left.
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Latitude:39.14512000
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Longitude:-78.18863000
The Property
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Property Type:Multi-Family
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Property Subtype:Triplex
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Property Condition:Very Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.09
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Lot Size Source:Assessor
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Lot Features:Road Frontage
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Lot SqFt:3,999 Sqft
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Zoning:B2
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Road Surface Type:Paved
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Road Responsibility:City/County
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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:
- (540) 409-8683
- Office phone:
- (540) 450-2747
Taxes
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Tax ID Number:330-02- - 27-
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Tax Year:2025
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Tax Lot:27
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Tax Annual Amount:$3,669.72
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Tax Assessed Value:$461,600
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Year Assessed:2025
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City/Town Tax:3669.72
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Heat Pump(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:Heat Pump(s)
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Heating Fuel:Electric
Utilities
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Utilities:Cable TV Available, Multiple Phone Lines
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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:Dishwasher, Microwave, Oven/Range - Electric, Washer/Dryer Hookups Only, Water Heater
Schools
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Elementary School:Call School Board
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Middle School:Call School Board
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High School:CALL SCHOOL BOARD
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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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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Municipal Trash:Yes
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Transportation:Bus Stop less than 1 mile
Parking
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Total Garage and Parking Spaces:5
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Garage:No
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Type of Parking:Driveway
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Parking Features:Paved Driveway, Assigned
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Assigned Spaces Count:5
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Driveway - # of Spaces:5
Extra Units
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# of Units:2
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Other Units:Unit 1,Unit 2,Unit 4
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Vacation Rental:No
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Units Furnished:None
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Two Bedroom Units:2
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Three Bedroom Units:1
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).
Sale history
Date | Event | Source | Price | % Change |
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4/23/25
Apr 23, 2025
|
Listed / Active | BRIGHT | $625,000 |