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Renovated Multifamily Investment
For Sale
Contact for pricing
Pending

477 Locust Ave, Waynesboro, VA 22980

Renovated multifamily with interior and unit upgrades, including kitchen and bathroom renovations and roof work completed in 2022.

Property SizeContact for details
Days on Market150

Property Features for 477 Locust Ave

General Information

Standard status Pending
Property subtype Multifamily

Amenities

washer/dryer hookups
kitchen appliances
hot water heaters
security cameras
Listing Agency: Westhills LTD Realtors
Listed By: Anne Hudlow · License #VA
Source: Crexi
Added: Apr 11 Changed: Aug 23 Last Checked: Sep 7 at 6:57AM

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 Westhills LTD Realtors

Investment Insights

Based on property information with market context.

This renovated multifamily property offers updated mechanicals and refreshed unit interiors. Public remarks indicate electrical, plumbing, and HVAC systems have been completely redone, along with full bathroom renovations in all units and kitchen renovations on the upstairs level and partial renovations downstairs. The roof and interior and exterior paint were completed in 2022. Additional upgrades include hot water heaters recently installed for all units and washer/dryer hookups for the two large units. Kitchen appliances in all units are described as conveying with the property.

The property provides parking options with on-street parking as well as off the alley. Ring and outdoor security cameras are noted as onsite.

The layout is described as including two large units and other unit configurations within the multifamily building, with updated kitchen and bath finishes throughout.

Key Highlights

  • Multifamily property with interior and unit renovations, including kitchen and bathroom upgrades
  • Electrical, plumbing, and HVAC were completely redone
  • Roof work and fresh interior/exterior paint completed in 2022

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Computer & Electronic Repair Garden Center (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store

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

862
Businesses Nearby

Demographics for 22980, VA

33,049
Population
14,711
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
91%
High-School Grad
74.5 sq mi
ZIP Area
444
Density / Sq Mi
$63,176
Median Household Income
$41,839
Median Earnings
$968
Median Rent
$256,000
Median Home Value

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?
Multifamily property - Renovated multifamily with interior and unit upgrades, including kitchen and bathroom renovations and roof work completed in 2022.
Where is this multifamily property located?
The property is located at 477 Locust Ave Waynesboro, VA.
What are key features of this property?
This property features: Multifamily property with interior and unit renovations, including kitchen and bathroom upgrades; Electrical, plumbing, and HVAC were completely redone; Roof work and fresh interior/exterior paint completed in 2022
More about this property
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