For Sale
$1,645,000

139 Loudoun StWinchester, VA 22601

6-Unit Apartment Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a meticulously maintained, six-unit apartment building located at 139 S Loudoun St, Winchester, VA 22601. The property, built in 1827, boasts 4,947 square feet across three stories and sits on a 0.04-acre lot. Currently operating at 100% occupancy, this stabilized investment offers a strong net operating income (NOI) of $109,500, resulting in a 6.66% cap rate. The asking price is $1,645,000, translating to $274,167 per unit and $332.52 per square foot. The building comprises five residential units and one ground-level retail space, currently a coffee shop. Zoned B1, this property offers versatile usage potential. Its prime location anchors the Winchester walking mall, providing immediate access to local amenities and high foot traffic. The blend of historic charm and modern conveniences makes this a compelling investment in the thriving multifamily sector of the DC Virginia suburbs. The property features a classic low-rise/garden-style design and is privately owned. The building's permitted zoning is B1. This is a rare opportunity to acquire a fully leased, historic property with significant income potential. The property's address is confirmed as 139 S Loudoun St, Winchester, VA 22601, with the APN being 139-01-D-22A.

Highlights

  • 4,947 SF historic building, Winchester, VA.
  • Five fully occupied apartment units plus one ground-level retail space (coffee shop).
  • Built in 1827, B1 zoning allows versatile use.
  • Prime location in Winchester's walking mall, offering high foot traffic and access to amenities.
  • 100% occupancy, generating a $109,500 NOI and a 6.66% cap rate.
  • Asking price: $1,645,000 ($274,167 per unit, $332.52/SF).

Property Details for 139 Loudoun St

Property type
Apartment buildings
Square Feet
4,947 SF
Class
B
Year Built
1827
Buildings
1
Stories
3
Lot Size (sq. ft)
1,742 SF
Units
6

Location Insight

City
Winchester
County
Winchester City
State
Virginia
Latitude
39.182209
Longitude
-78.166499
139 Loudoun St, Winchester, Virginia

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139 Loudoun St
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