Active

$250,000

501 4th St, Waynesboro, VA 22980

6beds

4baths

2,700sqft

$1,591/mo

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Condominium, Multi Family, Apartment

Built in 1920

-- sqft lot

$247,300 Zestimate^®

$93/sqft

$-- HOA

What's special

Two-story buildingCorner lot

Four-unit investment opportunity in Waynesboro, priced below tax assessment with plenty of room to add value. The adjacent buildable lot is included in the sale (see MLS #683765). This two-story building on a corner lot offers two 2-bedroom and two 1-bedroom units, each with separate electric and gas meters. The property backs up to an alley. It needs renovation and is being sold as-is, making it a good fit for an investor or anyone ready to take on a project. Current rental income is $20,700 a year, well below what renovated units in the area bring in, so there’s real upside with updates. All tenants are month-to-month, giving a new owner flexibility to renovate and reposition. Close to downtown Waynesboro with easy access to I-64.

2 days
196
12

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Forced Air, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Convection Oven, Refrigerator
Laundry: None

Features

Basement: Unfinished

Interior area

Total interior livable area: 2,700 sqft

Property

Features

Patio & porch: Front Porch, Porch, Side Porch

Lot

Size: 0.28 Acres

Details

Parcel number: 1960
Zoning description: RG-5 General Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Condominium, Multi Family, Apartment
Attached to another structure: Yes

Materials

Masonite
Foundation: Block
Roof: Metal,Other

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Community

Subdivision: BCMM & LC

HOA

Has HOA: No

Location

Region: Waynesboro

Financial & listing details

Price per square foot: $93/sqft
Tax assessed value: $239,200
Annual tax amount: $2,081
Date on market: 11/5/2026
Cumulative days on market: 3 days
Tenant pays: Electricity, Gas

Estimated market value

$247,300

$235,000 - $260,000

$1,520/mo

Price history

Date	Event	Price
11/6/2026	Listed for sale	$250,000+95.3%$93/sqft
Source: CAAR #683766 Report a problem
5/21/2012	Sold	$128,000$47/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,842 +33%	$239,200 +33%
2024	$1,384	$179,800
2023	$1,384 +2.8%	$179,800 +20.2%
2022	$1,346	$149,600
2021	$1,346 +50.2%	$149,600 +50.2%
2020	$896 +23.1%	$99,600 +23.1%
2018	$728 +3.4%	$80,900
2017	$704 +8.8%	$80,900
2016	$647	$80,900
2015	$647	$80,900
2014	--	$80,900
2013	--	--
2012	--	--
2010	--	--