Investors! Don't miss this excellent opportunity to purchase a 5-unit multifamily investment property featuring a spacious garage and a storage shed. Two units offer 2 bedrooms and 1 bathroom, while the remaining three units feature 1 bedroom and 1 bathroom. A couple of the units also include additional non-conforming bedrooms, providing additional space. Units 1A and 1B are both vacant and have been freshly painted with brand-new carpeting, creating an excellent opportunity for an owner-occupant or investor looking to manage the property while living on-site. Spacious front porch and rear deck. The owner currently pays for water and sewer. Units 2, 3, and 4 have separate electric meters. The property also features blown-in attic insulation and R-13 wall insulation. Conveniently located just a couple of minutes' walk from Ware and Shelburne schools, this property offers a desirable location with strong investment potential.
Active
Price cut: $30K (9/14)
$499,000
45 Morris Mill Rd, Staunton, VA 24401
6beds
5baths
3,144sqft
Condominium, Multi Family, Apartment
Built in 1940
-- sqft lot
$493,700 Zestimate®
$159/sqft
$-- HOA
What's special
- 69 days
- 273
- 8
Zillow last checked:
Listing updated:
Listed by:
Jared Sheets 540-820-2919,
RE/MAX Performance Realty 540-433-7369
Source: CAAR,MLS#: 679452
Originating MLS: Harrisonburg-Rockingham Area Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
Heating
- Baseboard
Cooling
- Window Unit(s)
Interior area
- Total interior livable area: 3,144 sqft
Property
Lot
- Size: 0.57 Acres
Details
- Parcel number: 307
- Zoning description: R-3 Medium Density Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Condominium, Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Foundation: Block
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Surveillance System
- Subdivision: OVERBROOK
HOA
- Has HOA: No
Location
- Region: Staunton
Financial & listing details
- Price per square foot: $159/sqft
- Tax assessed value: $437,340
- Annual tax amount: $3,879
- Date on market: 7/13/2026
- Cumulative days on market: 70 days
Estimated market value
$493,700
$469,000 - $518,000
$1,530/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2026 | Price change | $499,000-5.7%$159/sqft |
Source: | ||
| 8/17/2026 | Price change | $529,000-1.9%$168/sqft |
Source: | ||
| 8/10/2026 | Price change | $539,000-1.8%$171/sqft |
Source: | ||
| 7/13/2026 | Listed for sale | $549,000+37.3%$175/sqft |
Source: | ||
| 4/22/2022 | Sold | $400,000-13%$127/sqft |
Source: Public Record Report a problem | ||
| 1/27/2022 | Pending sale | $459,900$146/sqft |
Source: | ||
| 1/10/2022 | Listed for sale | $459,900$146/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,980 +12.9% | $437,340 +10.4% |
| 2024 | $3,526 | $396,220 |
| 2023 | $3,526 +34% | $396,220 +38.5% |
| 2022 | $2,631 | $286,010 |
| 2021 | $2,631 +15.1% | $286,010 |
| 2020 | $2,287 | $286,010 +18.8% |
| 2019 | $2,287 +5.3% | $240,710 +7.5% |
| 2018 | $2,172 | $223,910 |
| 2017 | $2,172 +2.1% | $223,910 |
| 2016 | $2,127 | $223,910 |
| 2015 | $2,127 | $223,910 |
| 2014 | $2,127 | $223,910 -15.9% |
| 2010 | -- | $266,190 |
| 2009 | -- | $266,190 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 24401
Nearby schools
Schools provided by the listing agent
- Elementary: Arthur R. Ware
- Middle: Shelburne
- High: Staunton
Source: CAAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.








