For sale
625 Alleghany Ave
Staunton, VA 24401
$1,275,000
- 0.28acres
- 1947built
Listed by Mac Westland Real Estate Group
About this home.
Fully leased, 7-unit apartment building offered for the serious multifamily investor. All units were renovated in 2018/2019, including upgraded electrical, plumbing, and HVAC systems, and a new roof was installed in March 2023. The building is 100% occupied, electric is individually metered and tenants pay all utilities.
Located in the heart of Staunton's historic Lakeview area, the property offers a rare combination of stabilized in-place income and a location that drives durable long-term rental demand. The building is close to Gypsy Hill Park and its public golf course, picnic pavilions, and beloved duck pond, as well as Mary Baldwin University, downtown restaurants and retail, the Amtrak station, and Augusta Health's Staunton outpatient center, with the main Augusta Health hospital campus a short drive away and Western State Hospital approximately 3.5 miles out. Easy access to I-81 and I-64 connects the property to Harrisonburg, Charlottesville, Richmond, and Washington, D.C.
This is a turnkey opportunity for an investor seeking in-place cash flow and in a location with genuine, multi-driver rental demand. Serious inquiries only.
To learn more about Staunton, visit visitstaunton.com.
Facts and features.
The home
- Type
- Condo (Apartment)
Outside and lot
- Zoning
- R3
Utilities
- Heating
- Heat Pump Electric
- Cooling
- Heat Pump Electric
- Water source
- Public
Community
- HOA dues
- None
- County
- Other - See Remarks County
The listing
- Source
- Roanoke Valley Association of REALTORS® MLS #931228
Price and status history.
64
days on market
| Date | Event | Price |
|---|---|---|
| Sep 10, 2026 | Listed for sale | $1,275,000 |
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Listing information
Listing courtesy of Mac Westland Real Estate Group.
Displayed by GRAVITY Real Estate Group.
Information last updated .
Listing information is provided 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. Information is deemed reliable but is not guaranteed and should be independently verified. Listings are courtesy of the listing brokerage shown with each property.
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