Two-Unit Residential Income
240 HIGH ST Dayton, VA 22821
For Sale
$339,000
MULTI_FAMILY - DAYTON, VA
Property Size1,498 SF
Lot Size0.24 Acres
Price / SF$226.30
Days on Market47
Property Features for 240 HIGH ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Town
- Standard status
- Active
- APN
- 107 D2 A 46
- Size
- 1,498 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 1595
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Zoned, Ductless
Building Details
- Year built
- 1920
- Flooring type
- Vinyl, Hardwood
- Roof type
- Composition
Listing Agency:
Heritage Real Estate Co
(540) 820-1634
Listed By:
Angela Andrews · License #0225181658
(540) 820-1634
Added: Jun 8
Changed: Jul 16
Last Checked: Jul 24 at 8:06AM
MLS# 678192
Copyright © 2026 Harrisonburg-Rockingham Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit residential income property features a one-bedroom, one-bath unit that has been fully renovated, along with a two-bedroom, one-bath unit that offers a deck, high ceilings, and some original hardwood floors. The property includes an exceptional accessory building equipped with a wood stove, adding additional on-site utility. The lot size is listed at 0.24 acres and the property size is 1,498 square feet.
Located at 240 High St in Dayton, Virginia 22821, the home is zoned Town and is set within Rockingham County. Tenants are on month-to-month terms, which may support flexible occupancy planning for an owner.
For buyers looking for a small, two-unit rental setup, the combination of a fully renovated one-bedroom unit and a more traditional two-bedroom layout with original hardwood elements can appeal to a range of tenant needs. With month-to-month occupancy in place, the property also offers an income-stream option while providing the owner room to plan next steps based on individual leasing goals. All details should be confirmed directly with the listing broker and during due diligence.
Located at 240 High St in Dayton, Virginia 22821, the home is zoned Town and is set within Rockingham County. Tenants are on month-to-month terms, which may support flexible occupancy planning for an owner.
For buyers looking for a small, two-unit rental setup, the combination of a fully renovated one-bedroom unit and a more traditional two-bedroom layout with original hardwood elements can appeal to a range of tenant needs. With month-to-month occupancy in place, the property also offers an income-stream option while providing the owner room to plan next steps based on individual leasing goals. All details should be confirmed directly with the listing broker and during due diligence.
Key Highlights
- Duplex in Dayton with a 1‑bedroom/1‑bath unit and a 2‑bedroom/1‑bath unit
- 1‑bedroom unit has been fully renovated
- 2‑bedroom unit includes a deck and some original hardwood floors with high ceilings
Financial Insights For Multifamily LT 5
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 | $20.7k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $19.3k | $12.90 |
| − OpEx | −$5.8k | −$3.87 |
| NOI | $13.5k | $9.03 |
1,498 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$193.3K
$169.1K – $225.5K
NOI $13,530 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$176.4K
$154.3K – $205.8K
NOI $12,346 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$451.5K
$395.0K – $526.7K
NOI $31,602 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two rental units, including a fully renovated one-bedroom unit and a two-bedroom unit with deck and original hardwood.
Where is this duplex located?
The property is located at 240 HIGH ST Dayton, VA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Duplex in Dayton with a 1‑bedroom/1‑bath unit and a 2‑bedroom/1‑bath unit; 1‑bedroom unit has been fully renovated; 2‑bedroom unit includes a deck and some original hardwood floors with high ceilings
