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    406 N Loudoun St Winchester, VA 22601

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    For Sale
    $1,800,000

    14-unit apartment building near Old Town Winchester walking mall.

    Building Details

    Year built
    1900

    Source: COLDWELL BANKER PREMIER Agent GILLIAN JOY GREENFIELD

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Winchester Multifamily Building Near Mall

    This is a 14-unit apartment building located in Old Town Winchester, within one block of the walking mall. The property includes private parking for 15 vehicles. All units are in good condition. Each unit has separately metered electric. Tenants reimburse the landlord for gas, water, and sewer. The property has a history of stable, long-term tenants and an NOI of $130,000+.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Frederick
    State
    Virginia
    Longitude
    -78.1668418
    Latitude
    39.180244

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    FAQs

    What type of property is this?
    Apartment building - 14-unit apartment building near Old Town Winchester walking mall.
    Where is this apartment building located?
    The property is located at 406 N Loudoun St Winchester, VA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Prime Location: Just one block from the Old Town Winchester Walking Mall.; - Strong Income Potential: Boasting an NOI of $130K+.; - Multifamily Density: Rare opportunity for multifamily investment in this sought-after area.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    406 N Loudoun St Winchester, VA 22601
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