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5-Unit Multifamily Portfolio
For Sale
$750,000

224 Sharp St, Winchester, VA 22601

Three separately addressed properties share one street and carry an approved site plan with historical planning approval.

Property Size3,484 SF
Price / SF$215.27
Days on Market53

Property Features for 224 Sharp St

General Information

Standard status Active
Size 3,484 SF
Property subtype Residential Income

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $1.00
Listing Agency: Real Broker LLC- Winchester
Listed By: Stacey S. Rowe
Source: Exprealty
Added: Aug 26 Changed: Oct 15 Last Checked: Oct 16 at 2:51PM

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 Real Broker LLC- Winchester

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Investment Insights

Based on property information with market context.

This multifamily offering combines three separately addressed properties at 224 Sharp Street, 225 E. Boscowan Street, and 11 S East Lane in Winchester, Virginia. The two existing multi-unit buildings contain a total of 5 units, creating an established residential component within the assembled property group.

An approved site plan and historical planning approval are in place, subject to required consents and applicable conditions. The property information identifies potential for additional multi-unit rental development or commercial development, making the combined offering relevant to parties evaluating continued residential use, redevelopment, or a broader project. Winchester City Center amenities identified in the offering include independent shops, restaurants, cafés, transport links, schools, and historic attractions.

Key Highlights

  • Three separately addressed properties offered together
  • Two existing multi‑unit buildings with a total of 5 units
  • Approved site plan in place

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Storage Facility Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,958
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Three separately addressed properties share one street and carry an approved site plan with historical planning approval.
Where is this multifamily property located?
The property is located at 224 Sharp St Winchester, VA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three separately addressed properties offered together; Two existing multi‑unit buildings with a total of 5 units; Approved site plan in place
More about this property
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