Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multi-Family Residential Property with Pool Title is generated by Realmo AI

    108 HOMESTEAD Lane, Maurertown, VA 22644

    View on Map
    Claim this Listing
    New
    For Sale
    $950,000

    MULTI_FAMILY - MAURERTOWN, VA

    Property size:
    6,042 SF
    Lot size:
    1.93 Acres
    Price / SF:
    $157/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 4:06 am

    Property Features for 108 HOMESTEAD Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement, Dining Room
    Parking
    6
    Parking features
    Garage - Attached, Driveway
    Pool private
    1
    Interior features
    Built-Ins, Ceiling Fan(s), Cedar Closet(s), Dining Area, Entry Level Bedroom, Kitchen - Island, Skylight(s), Walk-in Closet(s), Wood Floors
    Appliances
    Built-In Microwave, Dishwasher, Dryer, Oven/Range - Electric, Refrigerator
    Standard status
    Active
    Size
    6,042 SF
    Lot size
    1.93 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2607

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Heat Pump, Ceiling Fan(s)

    Building Details

    Year built
    1879
    Number of units
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Diana M Crisman

    Listing agent Diana M Crisman License #0225186186

    Listing office Johnston and Rhodes Real Estate 336 S MAIN Street, WOODSTOCK, VA

    Listing date Jun 4, 2026

    MLS# VASH2014568 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

    • Nearly two private acres with a main residence plus two additional apartments above a connected three‑bay garage
    • Four‑bedroom, 2.5‑bath main home with a skylighted living space and wood floors
    • Remodeled kitchen with an island; includes dishwasher, built‑in microwave, electric oven/range, and refrigerator
    • Private backyard with a fenced ground pool, large rear deck, and a pool house
    • Attached garage and driveway with space for up to six vehicles; additional storage above garage
    • Two rented apartments (each 2BR/1BA) on month‑to‑month basis generating $2,650/month total rental income

    Overview

    This for-sale multi-family property combines a four-bedroom, 2.5-bath main residence with two additional rental apartments. The main home includes a spacious living room featuring a skylight and a remodeled kitchen. Outside, a large rear deck overlooks a fenced-in ground pool and a pool house, creating an outdoor space designed for everyday use and entertaining. A three-bay garage is connected to the home, offering space for up to six vehicles, along with additional storage. Two separate two-bedroom, one-bath apartments are located above the garage and are currently rented on a month-to-month basis, generating $2,650 per month in rental income.

    The property is located at 108 Homestead Lane in Maurertown, Virginia, in Shenandoah County.

    For tenants, buyers, or operators seeking an owner-occupied or income-producing setup, this configuration offers a practical split between a larger main residence and separate apartment units. The combination of a dedicated pool area, deck, and multi-vehicle garage can support a variety of household lifestyles while maintaining independent rental space above the garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Building Supply Big Box & Wholesale Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Maurertown
    County
    Shenandoah
    State
    Virginia
    Longitude
    -78.50491
    Latitude
    38.93108

    FAQs

    What type of property is this?
    Triplex - Four-bedroom main home and two rented apartments above a three-bay garage, set on 1.93 acres with a fenced pool.
    Where is this triplex located?
    The property is located at 108 HOMESTEAD Lane Maurertown, VA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Nearly two private acres with a main residence plus two additional apartments above a connected three‑bay garage; Four‑bedroom, 2.5‑bath main home with a skylighted living space and wood floors; Remodeled kitchen with an island; includes dishwasher, built‑in microwave, electric oven/range, and refrigerator
    (540) 335-6316
    We can help!
    Listing Contact
    Diana M Crisman
    Real Estate License ID: 0225186186
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    108 HOMESTEAD Lane, MAURERTOWN, VA 22644
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!