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About This Home
This 11-bedroom, 3-bathroom residential multi family at 600 EAST MAIN ST in Waynesboro, VA is listed for $824,900 ($147 per sqft). Built in 1911, the home offers 5,618 sqft of living space on a 0.24 acres lot.
Exceptional investment opportunity—this 8-unit multifamily property delivers strong income performance with a 10% cap rate. Recent appraisal of $910,000 Positioned on a high-visibility corner, the building features a well-balanced unit mix of 2 studios, 3 one-bedroom units, and 3 two-bedroom units, appealing to a wide range of tenants.
The property offers updated interiors, a large paved parking area, and separately metered utilities for streamlined management and reduced owner expenses. Its prominent location ensures excellent traffic exposure, contributing to consistent demand and stable occupancy.
Located just minutes from Downtown Waynesboro, the 250 Greenway, Basic City Brewery, Happ Coffee Roasters, and popular local amenities, this property attracts tenants seeking convenience and walkability. Quick access to Interstate 64 further enhances renter appeal. A rare chance to acquire a turnkey, income-producing multifamily property with proven performance and strong future potential.
Key Features
- Built in 1911
- 0.24 acre lot
Property Details
Monthly Cost Estimate
$4,412/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
600 EAST MAIN ST
Waynesboro, VA 22980
Property Details
Heating
Cooling
Questions & Answers
This 11-bedroom, 3-bathroom residential multi family at 600 EAST MAIN ST is listed at $824,900 ($147/sqft). The estimated monthly payment is $3,575 based on 20% down at 6.5% interest.
Key features include: Built in 1911, 0.24 acre lot.
This property is listed by Sara Wilfong and can be reached at 5408208222 or sara.wilfong@klinemay.com.