Description
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.
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0BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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5,618SQFT
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$149$/SQFT
School Information
Description
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.
Listing information © 2026 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Kline & Co Real Estate. Data last updated 2026-05-16T00:12:35.39.