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    540 Monticello St Winchester, VA 22601

    For Sale
    $605,000

    MULTI_FAMILY - WINCHESTER, VA

    Property size:
    4,396 SF
    Lot size:
    0.09 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 540 Monticello St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Dining Room, Family Room
    Parking features
    Driveway, Assigned
    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
    Appliances
    Dishwasher, Microwave, Oven/Range - Electric, Washer/Dryer Hookups Only, WaterHeater
    Size
    4,396 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1956
    Number of units
    3
    Building materials
    HardiPlank Type, Vinyl Siding

    MarketPlace Realty LLC (540) 450-2747 [email protected]

    Listing agent Laura King (540) 450-2747 License #0225221392

    Listing date Oct 24, 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

    Turnkey Winchester Triplex Investment Opportunity

    Located in downtown Winchester, this triplex presents a multi-unit investment opportunity. The building contains two 2-bedroom, 1-bath units, each featuring large kitchens, updated finishes, and laundry rooms. One unit is ground level, while the second-level unit includes a private deck. The largest unit spans two finished levels connected by an interior staircase, and includes 5 bedrooms, 2 full baths, 2 living rooms, a full kitchen, laundry facilities, and a private patio and deck. This unique two-level layout is suitable for multi-tenants and may command premium rental rates. Recent renovations include luxury vinyl plank flooring, fresh paint, and updated kitchens and baths. Newer appliances are installed in each unit. The roof is less than 3 years old. New HVAC is scheduled for installation in 2025. Designated parking is available for all units. The property is currently a turnkey investment with reliable income. The building features three fully occupied units, generating a gross annual rental income of $45,300. The property is located minutes from I-81 and I-66, and less than an hour from Northern Virginia. The property is situated on a lot of 0.09 acres and the building size is 4396 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Frederick
    State
    Virginia
    Longitude
    -78.18863
    Latitude
    39.14512

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    FAQs

    What type of property is this?
    Triplex - Triplex in downtown Winchester with strong cash flow potential.
    Where is this triplex located?
    The property is located at 540 Monticello St Winchester, VA.
    What is the asking price?
    The asking price for this property is $605,000.
    What are key features of this property?
    This property features: - Turnkey triplex investment property with all units currently leased, providing immediate and reliable income.; - Prime downtown Winchester location, commuter-friendly with easy access to I-81, I-66, and Northern Virginia.; - Diverse unit mix: two 2-bedroom units with updated finishes and laundry, plus a large 5-bedroom unit with a unique two-level layout, private patio & deck.
    (540) 450-2747
    Request Owner's contact information
    540 Monticello St Winchester, VA 22601
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    Winchester, VA 22601
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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
    540 Monticello St Winchester, VA 22601
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