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    103 Washington St Madison, VA 22727

    For Sale
    $649,900

    Commercial Sale - MADISON, VA

    Type:Office
    Lot size:
    0.20 Acres
    Days on Market:
    111
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 103 Washington St

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    10
    Parking features
    Parking Lot
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1880
    Number of units
    2
    Building materials
    Aluminum Siding

    Samson Properties (703) 378-8810 [email protected]

    Listing agent Bonnie S Coffey (540) 825-2727 License #0225091736

    Listing date Aug 27, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property with Rental Income

    This property presents an investment opportunity, featuring two apartments, each with two bedrooms and one bathroom. Both apartments were updated in 2025 and are currently rented. A detached garage includes an office and bathroom and is rented as a vehicle repair shop. The garage received a new roof in 2024. Paved parking is available. Located in town, the property is within walking distance of restaurants and shops. The lot size is 0.2 acres. The seller is open to considering separate sales for the home and the garage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Virginia
    Longitude
    -78.25572
    Latitude
    38.38209

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    FAQs

    What type of property is this?
    Duplex - Two apartments and a vehicle repair shop in Madison, VA.
    Where is this duplex located?
    The property is located at 103 Washington St Madison, VA.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Two apartments, each with **2 bedrooms and 1 bath**, providing immediate rental income.; - Detached garage currently rented as a Vehicle Repair Shop, offering additional income potential.; - Updated apartments (in 2025).
    (540) 825-2727
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    103 Washington St Madison, VA 22727
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    Madison, VA 22727
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 Washington St Madison, VA 22727
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