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    The Largest CRE Database in the US with Over 1 Million Listings

    540 Monticello St Winchester, VA 22601

    Sponsored
    For Sale
    $605,000

    MULTI_FAMILY - WINCHESTER, VA

    Property size:
    4,396 SF
    Lot size:
    0.09 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 17 at 5:06 pm

    Property Features for 540 Monticello St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Family Room, Dining Room
    Parking
    5
    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

    We can help!

    Listing Contact
    Laura King

    MarketPlace Realty LLC (540) 450-2747

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

    Listing date Feb 17, 2026

    MLS# VAWI2009974 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.

    Learn more

    Property Insight Report

    Overview

    Downtown 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 other has access to a 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, and a private patio and deck. This two-level layout is suitable for multi-tenants and premium rental rates. Recent renovations include luxury vinyl plank flooring, fresh paint, updated kitchens and baths, and newer appliances in each unit. The roof is less than 3 years old, and new HVAC is scheduled for installation in 2025. Designated parking is available for all units. The property is currently fully leased, 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 lot size is 0.09 acres and the property size is 4396 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

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

    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?
    Specialty property - Turnkey triplex in downtown Winchester with strong cash flow.
    Where is this specialty property 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 and I-66, and proximity to 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 and private outdoor space.
    (540) 409-8683
    Request Owner's contact information
    540 Monticello St Winchester, VA 22601
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    Winchester, VA 22601
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    We can help!
    Listing Contact
    Laura King
    Real Estate License ID: 0225221392
    (540) 409-8683 (540) 450-2747
    Learn more
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