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Five-Unit Apartment Building
New
For Sale
$469,000

333 W MAIN St, Luray, VA 22835

Vacant downtown property with original architectural details, off-street parking, and substantial renovation needs.

Property Size3,957 SF
Days on Market4

Property Features for 333 W MAIN St

General Information

Standard status Active
Size 3,957 SF
Property subtype Investment

Taxes and HOA fees

Annual Taxes $1,636

Building Details

Building Size 3,957 SF
Year Built 1913
Units 4
Listing Agency: Funkhouser Real Estate Group
Listed By: Lauren S Reed · License #0225248751
Source: Elliman
Added: Sep 16 Changed: Sep 17 Last Checked: Sep 19 at 9:41AM

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 Funkhouser Real Estate Group

Investment Insights

Based on property information with market context.

Built in 1913, this five-unit apartment building is currently vacant and requires substantial renovation. Existing character elements include hardwood floors, dual staircases, multiple balconies, and a wrap-around porch or deck. An unfinished basement provides additional storage and utility space, while outdoor areas and off-street parking support the property’s residential layout.

The approximately 0.275-acre parcel occupies the corner of West Main Street and South Lee Street at 333 W MAIN St in downtown Luray. Shops, restaurants, services, and other downtown amenities are within walking distance. The property is zoned B-1, and the vacant units allow renovation work to proceed without coordinating around existing tenants or leases.

Key Highlights

  • Five existing apartment units; all five are currently vacant
  • Approximately 0.275 acres at the corner of West Main Street and South Lee Street
  • B‑1 zoning in downtown Luray

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Nail Salon Electrical Service Auto Parts Store Grocery & Convenience Store HVAC Service

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

Location Intelligence

Trade Area within ½ mile

510
Businesses Nearby

Demographics for 22835, VA

11,561
Population
6,291
Households
1.8
Avg Household Size
48
Median Age
21%
College-Educated
86%
High-School Grad
149.6 sq mi
ZIP Area
77
Density / Sq Mi
$57,365
Median Household Income
$33,499
Median Earnings
$836
Median Rent
$245,900
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Vacant downtown property with original architectural details, off-street parking, and substantial renovation needs.
Where is this apartment building located?
The property is located at 333 W MAIN St Luray, VA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Five existing apartment units; all five are currently vacant; Approximately 0.275 acres at the corner of West Main Street and South Lee Street; B‑1 zoning in downtown Luray
More about this property
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