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For sale
    • $605,000

    540 Monticello St, Winchester, VA 22601

    9beds
    4baths
    4,396sqft
    : 
    $3,922/mo
    Get pre-qualified
    Triplex
    Built in 1956
    -- sqft lot
    $-- Zestimate®
    $138/sqft
    $-- HOA

    What's special

    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!
    6 days
    111
    13

    Zillow last checked:

    Listing updated:

    Listed by:

    Laura King 540-409-8683,

    MarketPlace REALTY 540-450-2747

    Source: Bright MLS,MLS#: VAWI2011668MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 4
      Basement
      • Area: 0
      Heating
      • Heat Pump, Electric
      Cooling
      • Heat Pump, Electric
      Appliances
      • Included: Dishwasher, Microwave, Oven/Range - Electric, Water Heater, Electric Water Heater
      • Laundry: Washer/Dryer Hookups Only
      Features
      • 2nd Kitchen, Additional Stairway, Bathroom - Tub Shower, Breakfast Area, Combination Dining/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Eat-in Kitchen, Kitchen - Table Space, Dry Wall
      • Flooring: Carpet, Laminate
      • Doors: Insulated, Six Panel
      • Windows: Double Pane Windows
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 4,396
      • Total interior livable area: 4,396 sqft

      Property

      Parking
      • Parking features: Driveway, Assigned
      • Has uncovered spaces: Yes
      • Details: Assigned Parking
      Accessibility
      • Accessibility features: None
      Features
      • Pool features: None
      • Frontage type: Road Frontage
      Lot
      • Size: 3,999 Square Feet
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 3300227
      • Zoning: B2
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Triplex
      Materials
      • HardiPlank Type
      • Foundation: Slab
      • Roof: Architectural Shingle
      Condition
      • Very Good
      • New construction: No
      • Year built: 1956
      • Major remodel year: 2007

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Multiple Phone Lines

      Community & HOA

      Location
      • Region: Winchester

      Financial & listing details

      • Price per square foot: $138/sqft
      • Tax assessed value: $461,600
      • Annual tax amount: $3,669
      • Date on market: 9/21/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 45000
      • Income includes: Apartment Rentals, Laundry, Parking
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,343/mo

        Price history

        DateEventPrice
        9/22/2026Listed for sale$605,000$138/sqft
        Source: Bright MLS #VAWI2011668 Report a problem
        7/15/2026Listing removed$605,000$138/sqft
        Source: Bright MLS #VAWI2009974 Report a problem
        2/17/2026Listed for sale$605,000$138/sqft
        Source: Bright MLS #VAWI2009974 Report a problem
        1/4/2026Listing removed$605,000$138/sqft
        Source: Bright MLS #VAWI2009348 Report a problem
        10/24/2025Listed for sale$605,000-1.6%$138/sqft
        Source: Bright MLS #VAWI2009348 Report a problem
        10/22/2025Listing removed$615,000$140/sqft
        Source: Bright MLS #VAWI2007538 Report a problem
        7/25/2025Price change$615,000-1.6%$140/sqft
        Source: Bright MLS #VAWI2007538 Report a problem
        4/23/2025Listed for sale$625,000+7.8%$142/sqft
        Source: Bright MLS #VAWI2007538 Report a problem
        2/1/2025Listing removed$579,900$132/sqft
        Source: Bright MLS #VAWI2006348 Report a problem
        1/7/2025Price change$579,9000%$132/sqft
        Source: Bright MLS #VAWI2006348 Report a problem
        1/3/2025Price change$579,9250%$132/sqft
        Source: Bright MLS #VAWI2006348 Report a problem
        12/6/2024Price change$579,9500%$132/sqft
        Source: Bright MLS #VAWI2006348 Report a problem
        12/5/2024Price change$579,9750%$132/sqft
        Source: Bright MLS #VAWI2006348 Report a problem
        9/8/2024Listed for sale$580,000$132/sqft
        Source: Bright MLS #VAWI2006348 Report a problem
        7/26/2023Listing removed--
        Source: Zillow Rentals Report a problem
        7/15/2023Listed for rent$1,000-9.1%
        Source: Zillow Rentals Report a problem
        11/3/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        10/26/2022Listed for rent$1,100+15.8%
        Source: Zillow Rental Manager Report a problem
        7/30/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        7/23/2021Listed for rent$950+2.7%
        Source: Zillow Rental Manager Report a problem
        3/10/2021Listing removed--
        Source: Owner Report a problem
        12/4/2020Price change$925+2.8%
        Source: Owner Report a problem
        10/20/2020Listed for rent$900
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026$3,670 $461,600
        2025$3,670 +17.8%$461,600 +23%
        2024$3,115 $375,300
        2023$3,115 +36%$375,300 +52.4%
        2022$2,290 $246,200
        2021$2,290 +2.2%$246,200
        2020$2,240 $246,200
        2019$2,240 $246,200
        2018$2,240 +9.2%$246,200
        2017$2,051 $246,200 +9.2%
        2016$2,051 $225,400
        2015$2,051 +85.6%$225,400 -3.1%
        2014$1,105 $232,700
        2013-- $232,700
        2012-- $232,700
        2011-- $232,700
        2010-- $232,700
        2009-- $232,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 22601

        Getting around

        54 / 100
        Somewhat Walkable
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Winchester City 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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