Residential - Detached
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600 East Main St
Waynesboro, VA 22980
$845,000
- Beds
- Baths
- 5618 sqft/ 0.24 acres
Exceptional investment opportunity—this 8-unit multifamily property delivers strong income performance with a 10% cap rate. 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.
Want to know more about this listing?
ContactKey Details
- MLS ID 669348
- Year Built 1911
- Type Residential - Detached
- Area 5618 sqft
- Acres 0.24
Additional Information
- Cooling Central Air
- Heating Natural Gas
Schools
- Elementary School Wenonah
- Middle School Kate Collins
- High School Waynesboro
Listed By: Kline May Realty
