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540 Monticello St, 
Winchester, VA 22601

$605,000


7

Beds


Bath


4,396

Sq Ft


Multi-Family

Active

Listed by

Laura King

Marketplace Realty

Last updated:

November 4, 2025, 02:32 PM

MLS#

VAWI2009348

Source:

BRIGHTMLS

About This Home

540 Monticello St

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!

Home Facts

Multi-Family

7 Bedrooms

Built in 1956

Price Summary

605,000

$137 per Sq. Ft.

MLS #:

VAWI2009348

Last Updated:

November 4, 2025, 02:32 PM

Added:

11 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7


Structure

Structure

Building Area:

4,396 Sq. Ft.

Year Built:

1956


Lot

Lot Size (Sq. Ft):

3,920


Finances & Disclosures

Finances

Price:

$605,000

Price per Sq. Ft:

$137 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright Mls All rights reserved.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.