Six-Unit Townhome Investment
For Sale
$990,000
1206 MASSANUTTEN Avenue, Front Royal, VA 22630
MULTI_FAMILY - Colonial - FRONT ROYAL, VA
Property Size4,896 SF
Lot Size0.45 Acres
Price / SF$202.21
Days on Market48
Property Features for 1206 MASSANUTTEN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Parking Lot
Subdivision
ROYAL VILLAGE
Elementary school district
WARREN COUNTY PUBLIC SCHOOLS
Middle school district
WARREN COUNTY PUBLIC SCHOOLS
High school district
WARREN COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
4,896 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Annual Amount
6311
Utilities
Heating system
Baseboard, Electric (Heating)
Building Details
Year built
1960
Number of units
4
Building materials
Aluminum Siding
Architectural style
Colonial
Listing Agency:
Coldwell Banker Premier · Coldwell Banker Real Estate
(540) 636-7700
Listed By:
Sharon L Daniels · License #0225048938
(540) 683-7550
Added: Jun 19
Changed: Jul 2
Last Checked: Aug 5 at 5:06PM
MLS# VAWR2014708
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.
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
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
NOI $190,356 @ 7.0% cap · market cap 19.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 22630, VA
33,829
Population
14,465
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
121.9 sq mi
ZIP Area
278
Density / Sq Mi
$84,513
Median Household Income
$44,771
Median Earnings
$1,183
Median Rent
$329,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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
