Features & Amenities

Interior

  • Other Interior Features

    Eat-in Kitchen

  • Total Bedrooms

    9

  • Bathrooms

    N/A

  • Above Grade Finished Area

    4396.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Heat Pump, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    HardiPlank Type

  • Parking

    Assigned, Driveway

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.09

  • Lot Size(square feet)

    3,999

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Other

Price

  • Sales Price

    $605,000

  • Tax Amount

    $3,669.72

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    4,396

  • Price/SqFt

    $137

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    CALL SCHOOL BOARD

Property Features

  • Stories

    2

  • New Construction

    NO

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

  • Tax Lot

    27

  • Water Source

    Public

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Location

County

WINCHESTER CITY

Elementary School

Middle School

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Listing Courtesy of Laura King, MarketPlace REALTY

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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!

540 MONTICELLO STREET

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