540 Monticello St, Winchester, VA 22601
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
540 Monticello St,Winchester, VA 22601
$605,000
- 7 Beds
 - - Baths
 - 4,396 sq. ft.
 - Multi-family
 - Active
 
Listed by:laura king
Office:marketplace realty
MLS#:VAWI2009348
Source:BRIGHTMLS
Price summary
- Price:$605,000
 - Price per sq. ft.:$137.63
 
About this home
Welcome to 540 Monticello Street, a turnkey Multi-Unit Investment Opportunity in Prime Downtown Winchester Location!
Presenting a Triplex in the heart of Downtown Winchester—a rare opportunity for investors seeking strong cash flow in a highly desirable and commuter-friendly location. Just minutes from I-81 and I-66, and less than an hour from Northern Virginia, this property offers convenience, charm, and long-term value.
The building features two 2-Bedroom, 1-Bath Units – Each offers large Kitchens, updated finishes, and their own Laundry Rooms. One of the units is ground level, and the other 2nd-Level unit has access to its own deck space. The largest unit of the three features two finished levels, connected with an interior staircase, 5-Bedrooms, 2 Full Baths, 2 Living Rooms, a Full kitchen, Laundry, and access to it's own private patio & deck. It's a unique two-level layout, perfect for multi-tenants and/or premium rental rates.
Recent renovations throughout the last few years include:
Luxury vinyl plank (LVP) flooring, fresh paint, and updated kitchens and baths
Newer appliances in each unit
The roof less than 3 years old
New HVAC installed (2025)
Designated parking for all units
With all units currently leased, this is a true turnkey investment with reliable income and minimal immediate maintenance needs. This well-maintained building features three fully occupied units, bringing in a current gross annual rental income of $45,300. 
Whether you're looking to grow your portfolio or occupy a unit while renting the others, or the potential for a short-term rental, this property checks all the boxes!   
Contact an agent
Home facts
- Year built:1956
 - Listing ID #:VAWI2009348
 - Added:8 day(s) ago
 - Updated:November 02, 2025 at 02:32 PM
 
Rooms and interior
- Bedrooms:7
 - Living area:4,396 sq. ft.
 
Heating and cooling
- Cooling:Heat Pump(s)
 - Heating:Electric, Heat Pump(s)
 
Structure and exterior
- Roof:Architectural Shingle
 - Year built:1956
 - Building area:4,396 sq. ft.
 - Lot area:0.09 Acres
 
Schools
- High school:CALL SCHOOL BOARD
 - Middle school:CALL SCHOOL BOARD
 - Elementary school:CALL SCHOOL BOARD
 
Utilities
- Water:Public
 - Sewer:Public Sewer
 
Finances and disclosures
- Price:$605,000
 - Price per sq. ft.:$137.63
 - Tax amount:$3,669 (2025)
 
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