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    Six-Unit Townhome Investment Property Title is generated by Realmo AI

    1206 MASSANUTTEN Avenue, Front Royal, VA 22630

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    For Sale
    $990,000

    MULTI_FAMILY - Colonial - FRONT ROYAL, VA

    Property size:
    4,896 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $202/SF
    Added:
    Jun 19, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 27 at 2:06 pm

    Property Features for 1206 MASSANUTTEN Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Parking Lot, Driveway
    Standard status
    Active
    Size
    4,896 SF
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6311

    Utilities

    Heating system
    Electric (Heating), Baseboard

    Building Details

    Year built
    1960
    Number of units
    4
    Building materials
    Aluminum Siding
    Architectural style
    Colonial

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    Contact an agent
    Sharon L Daniels

    Listing agent Sharon L Daniels License #0225048938

    Listing office Coldwell Banker Premier 415 South Street unit: C, Winchester, VA

    Listing date Jun 19, 2026

    MLS# VAWR2014708 Listing URL

    Copyright © 2026 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.

    HighLights

    • Six 2‑bedroom, 1‑bath townhouse units included at 1206, 1208, 1210, 1212, 1214, and 1216
    • Associated parcels included in Royal Village: Lots 31, 32, 33, 34, and 35
    • Approx. current rents of $1,100 per unit
    • Year built: 1960; Colonial architectural style
    • Heating: electric (baseboard); exterior: aluminum siding
    • Parking includes a parking lot and driveway

    Overview

    This for-sale multifamily property consists of six townhomes, each configured with two bedrooms and one bathroom. The offering includes the units located at 1206, 1208, 1210, 1212, 1214, and 1216 Massanutten Avenue. Each home is described as having front-door parking, supporting straightforward tenant access. The sale also includes five associated parcels identified as Lots 31, 32, 33, 34, and 35 in Royal Village. The property is being sold As Is, and the structure age is described as approximate.

    The buildings are located in Front Royal, Virginia, in Warren County, with access to Downtown Front Royal and Main Street. The listing notes proximity to I-66, Route 340, and the entrance to Skyline Drive, positioning the property near both local amenities and commuter/outdoor routes.

    For investors or owner-operators seeking a small, multi-unit residential income asset, this configuration provides six separate townhouse units in a single package. The listing states current rents are approximately $1,100 per unit. With front-door parking and a consistent unit mix, the property may appeal to those looking for a manageable multi-tenant setup in the Shenandoah Valley market. Current information should be verified as part of due diligence, particularly given the As Is sale terms.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $143.9k $29.40
    − Vacancy −$7.5k −$1.53
    EGI $136.5k $27.87
    − OpEx −$61.4k −$12.54
    NOI $75.1k $15.33
    4,896 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.07M
    $938.2K – $1.25M (±1% cap)
    NOI $75,052 @ 7.0% cap · market cap 7.58%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $2.72M
    $2.38M – $3.17M (±1% cap)
    NOI $190,356 @ 7.0% cap · market cap 19.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Front Royal
    County
    Warren
    State
    Virginia
    Longitude
    -78.2043775
    Latitude
    38.9332232

    FAQs

    What type of property is this?
    Apartment building - Six 2-bedroom, 1-bath townhomes with front-door parking set on shared parcels in Front Royal, VA.
    Where is this apartment building located?
    The property is located at 1206 MASSANUTTEN Avenue Front Royal, VA.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: Six 2‑bedroom, 1‑bath townhouse units included at 1206, 1208, 1210, 1212, 1214, and 1216; Associated parcels included in Royal Village: Lots 31, 32, 33, 34, and 35; Approx. current rents of $1,100 per unit
    More about this property
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