Multifamily Property with Additional
For Sale
$650,000
2978 Valley Ave, Winchester, VA 22601
Site includes five rental units plus an adjacent 0.429-acre parcel with public water and sewer access.
Property Size2,358 SF
Lot Size1.15 Acres
Price / SF$275.66
Days on Market40
Property Features for 2978 Valley Ave
General Information
Standard status
Active
Size
2,358 SF
Lot size
1.15 Acres
Additional Details
Utilities to Site
Yes
Multifamily Units
5
Building Details
Year Built
1970
Listing Agency:
Oakcrest Commercial Real Estate
(540) 504-0787
Listed By:
H. Paige Manuel · License #0225023519
Source:
Kandorre
Added: Jul 21
Changed: Aug 15
Last Checked: Aug 28 at 12:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Oakcrest Commercial Real Estate
Investment Insights
Based on property information with market context.
The offering combines an existing rental property and an adjacent land parcel. The 2978 Valley Avenue property includes five rental units currently producing approximately $4,000 in gross monthly revenue. Separately, the 2970 Valley Avenue parcel is 0.429 acres and could support a used car lot setup with enough area to display for 30 cars.
The 2970 Valley Avenue site has public water and sewer available, expanding its utility for flexible outdoor use. The combined properties are identified as totaling 1.15 acres, and the ownership structure allows for potential ground leasing of both parcels for $6,000 per month.
For tenants and buyers, the configuration provides immediate residential income from the existing units while also maintaining an outdoor land component suitable for display-oriented use.
The 2970 Valley Avenue site has public water and sewer available, expanding its utility for flexible outdoor use. The combined properties are identified as totaling 1.15 acres, and the ownership structure allows for potential ground leasing of both parcels for $6,000 per month.
For tenants and buyers, the configuration provides immediate residential income from the existing units while also maintaining an outdoor land component suitable for display-oriented use.
Key Highlights
- 0.429‑acre site at 2970 Valley Avenue with public water and sewer available
- 2978 Valley Avenue features 5 rental units producing approximately $4,000 gross monthly revenue
- Adjacent parcels totaling 1.15 acres listed together at $1,350,000
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 22601, VA
29,720
Population
13,159
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
87%
High-School Grad
9.8 sq mi
ZIP Area
3,033
Density / Sq Mi
$66,542
Median Household Income
$38,491
Median Earnings
$1,316
Median Rent
$321,800
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 - Site includes five rental units plus an adjacent 0.429-acre parcel with public water and sewer access.
Where is this apartment building located?
The property is located at 2978 Valley Ave Winchester, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 0.429‑acre site at 2970 Valley Avenue with public water and sewer available; 2978 Valley Avenue features 5 rental units producing approximately $4,000 gross monthly revenue; Adjacent parcels totaling 1.15 acres listed together at $1,350,000
