Investment opportunity in a prominent Main Street location in downtown Luray! This five-unit apartment building zoned B-1 is currently vacant and ready for its next owner to renovate, reposition, and unlock its potential. Situated on approximately 0.275 acres at the corner of West Main Street and South Lee Street, the property offers a highly visible and convenient location within walking distance of downtown shops, restaurants, services, and other amenities. The building retains its original character, including hardwood flooring, a dual staircase, multiple balconies, and a wrap-around porch/deck. Five existing apartment units provide an excellent starting point for an investor looking to renovate the property and return it to productive use. The property requires substantial renovation, allowing a new owner to update the units, finishes, systems, and common areas to suit their investment plans. Additional features include an unfinished basement offering useful storage and utility space, outdoor areas for tenants, and off-street parking. With all five units currently vacant, a purchaser has the advantage of undertaking renovations without coordinating construction around existing tenants or leases. Whether envisioned as a renovated long-term rental property or another use permitted by applicable zoning, 333 West Main Street offers a rare opportunity to acquire a five-unit property in the heart of Luray and create value through renovation and improved operations.
For sale
$469,000
333 W Main St, Luray, VA 22835
7beds
--baths
3,957sqft
Multi Family
Built in 1913
-- sqft lot
$445,100 Zestimate®
$119/sqft
$-- HOA
What's special
- 39 days
- 771
- 19
Zillow last checked:
Listing updated:
Listed by:
Lauren Reed 540-742-3996,
Funkhouser Real Estate Group 5407434545
Source: Bright MLS,MLS#: VAPA2006990
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
Basement
- Area: 0
Heating
- Hot Water, Radiator, Oil
Cooling
- None
Appliances
- Included: Electric Water Heater
- Laundry: None
Features
- Double/Dual Staircase, Dining Area, Combination Kitchen/Dining, Entry Level Bedroom, Kitchen - Efficiency, 9'+ Ceilings, Cathedral Ceiling(s), Plaster Walls, Dry Wall
- Flooring: Hardwood, Vinyl, Laminate, Wood
- Basement: Dirt Floor,Exterior Entry,Side Entrance,Unfinished,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 3,957
- Total interior livable area: 3,957 sqft
Property
Parking
- Total spaces: 5
- Parking features: Driveway, Off Street
- Uncovered spaces: 5
Accessibility
- Accessibility features: None
Features
- Patio & porch: Deck
- Exterior features: Balcony
- Pool features: None
- Has view: Yes
- View description: City, Street
- Frontage type: Road Frontage
Lot
- Size: 0.28 Acres
- Features: Landscaped, Downtown
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 42A10A65
- Zoning: BUSINESS B-1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family
Materials
- Concrete, Wood Siding, Stone, Rock
- Foundation: Stone
- Roof: Metal
Condition
- Fixer
- New construction: No
- Year built: 1913
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Location
- Region: Luray
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $221,096
- Annual tax amount: $1,636
- Date on market: 9/14/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: All Appliances In The Units ( Total Of 5 Units) As Of September 11, 2026, Sold In Strictly As Is Condition.
- Ownership: Fee Simple
- Road surface type: Paved
Estimated market value
$445,100
$423,000 - $467,000
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Listed for sale | $469,000+168%$119/sqft |
Source:  Bright MLS #VAPA2006990 Report a problem | ||
| 8/5/1998 | Sold | $175,000$44/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,452 | $198,900 |
| 2024 | $1,452 | $198,900 |
| 2023 | $1,452 | $198,900 |
| 2022 | $1,452 | $198,900 |
| 2021 | $1,452 | $198,900 |
| 2020 | $1,452 +14.3% | $198,900 +14.3% |
| 2019 | $1,270 | $174,000 |
| 2018 | $1,270 +10.6% | $174,000 |
| 2017 | $1,148 | $174,000 |
| 2016 | $1,148 | $174,000 -11.6% |
| 2015 | $1,148 -8.9% | $196,900 |
| 2014 | $1,260 | $196,900 |
| 2013 | -- | $196,900 |
| 2012 | -- | $196,900 |
| 2011 | -- | $196,900 -18.3% |
| 2010 | -- | $241,100 |
| 2009 | -- | $241,100 |
| 2007 | -- | $241,100 +13.7% |
| 2006 | -- | $212,100 +73% |
| 2005 | -- | $122,600 +4.8% |
| 2004 | -- | $117,000 |
| 2003 | -- | $117,000 -1.1% |
| 2002 | -- | $118,300 |
| 2001 | -- | $118,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 22835
Nearby schools
Schools provided by the listing agent
- District: Page County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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