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600 E Main St

Waynesboro VA 22980

5618 sq. ft.
0.24 ac.
Single-Family
Currently for sale - view listing

Overview

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.

Features

5618 sq. ft. floor area
0.24 ac. lot size
Single-Family

Property history for 600 E Main St

2017
Sold
$250,745
16 Feb 2017 by CHRISTIANE GATHRIGHT, of KELLER WILLIAMS COMMONWEALTH
2017
Sold
$250,745
16 Feb 2017 by CHRISTIANE GATHRIGHT, of KELLER WILLIAMS COMMONWEALTH

Happy sellers in Waynesboro

<50%
50% of sellers in Waynesboro reported that their sale price either exceeded or met their price expectations.

Waynesboro stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Waynesboro over the last 12 months.

Local market activity for single-family properties in Waynesboro

In the last 12 months, 457 single-family properties similar to 600 E Main St, have been sold.

This represents a 17% increase in single-family properties sales when compared to the previous 12 months.

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