Courtesy of HANGER & ASSOCIATES
Property Description
Incredible investment opportunity in the heart of Staunton. This well-maintained 7-unit multifamily property blends timeless architectural character with thoughtful modern upgrades—an ideal combination for investors seeking durability, appeal, and long-term value. Located steps from downtown Staunton, Mary Baldwin University, parks, restaurants, and major commuter routes, this income-producing asset stands out as a rare find in today’s market. Inside, the building showcases beautifully preserved historic details, including original oak flooring, classic millwork, and period craftsmanship that gives each unit distinctive warmth and charm. Over the years, selective renovations have introduced modern conveniences—updated kitchens and baths, refreshed fixtures, efficient heating and cooling systems, and easy-to-maintain surfaces—creating an appealing blend of old and new. The result is a collection of thoughtfully laid-out units that attract long-term renters who appreciate both character and comfort. Solid construction and responsible upkeep help keep operating costs low and support strong, stable tenancy. The perfect balance of historic preservation, modern livability, and proven rental success.
Open House
Property Details and Features
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Property Access
- Road frontage type: PublicRoad
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Building
- Living area: 6,228
- Built in 1940
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Cooling
- CentralAir
- HeatPump
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Heating
- HeatPump
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Listing
- Lease amount: $105,000
- ListingID: 671586
- Standard status: Active
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Location
- Subdivision name: LAKEVIEW ADDITION
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Lot
- 0.28 acres
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Schools
- Elementary school: Arthur R. Ware
- High school: Staunton
- Middle or junior school: Shelburne
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Sewer
- PublicSewer
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Taxes
- Tax annual amount: $8,190
- Tax year: 2025
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Utilities
- CableAvailable
- FiberOpticAvailable
- HighSpeedInternetAvailable