Renovated Triplex Near
New
For Sale
$605,000
540 MONTICELLO STREET, Winchester, VA 22601
Three leased units with updated interiors, individual laundry areas, designated parking, and access to major interstate routes.
Property Size4,396 SF
Price / SF$137.63
Days on Market4
Property Features for 540 MONTICELLO STREET
General Information
Standard status
Active
Size
4,396 SF
Property subtype
Triplex
Building Details
Year Built
1956
Listing Agency:
MarketPlace REALTY
(540) 450-2747
Listed By:
Laura King · License #0225221392
(540) 409-8683
Source:
Cummingsrealtors
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 22 at 2:07PM
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 MarketPlace REALTY
Investment Insights
Based on property information with market context.
This 4,396-square-foot triplex contains three residential units with distinct layouts. Two apartments offer 2 bedrooms and 1 bath, large kitchens, updated finishes, individual laundry rooms, and separate access arrangements; one is on the ground level, while the second-level unit includes a deck. The largest residence spans two finished levels and includes 5 bedrooms, 2 full baths, 2 living rooms, a full kitchen, laundry, and private patio and deck access.
Recent improvements include luxury vinyl plank flooring, fresh paint, updated kitchens and baths, newer appliances in each unit, a roof less than 3 years old, and new HVAC installed in 2025. Designated parking serves all units, and all three are currently leased. The property is located at 540 Monticello St in Winchester, near downtown and minutes from I-81 and I-66.
Recent improvements include luxury vinyl plank flooring, fresh paint, updated kitchens and baths, newer appliances in each unit, a roof less than 3 years old, and new HVAC installed in 2025. Designated parking serves all units, and all three are currently leased. The property is located at 540 Monticello St in Winchester, near downtown and minutes from I-81 and I-66.
Key Highlights
- 4,396‑square‑foot triplex with three residential units
- Two 2‑bedroom, 1‑bath units plus a 5‑bedroom, 2‑full‑bath residence
- Largest unit spans two finished levels with 2 living rooms, private patio, and deck
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three leased units with updated interiors, individual laundry areas, designated parking, and access to major interstate routes.
Where is this triplex located?
The property is located at 540 MONTICELLO STREET Winchester, VA.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: 4,396‑square‑foot triplex with three residential units; Two 2‑bedroom, 1‑bath units plus a 5‑bedroom, 2‑full‑bath residence; Largest unit spans two finished levels with 2 living rooms, private patio, and deck
