625 Alleghany AVE, Staunton, VA 24401

$1,275,000

Property Type: MultiFamily Lot Size (sq. ft.): 12,197 Status: Active

Current Price: $1,275,000 List Date: 9/10/2026 Last Modified: 9/15/2026

Overview

Description

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. ... (Read more)

Listing Details MLS# 931228

Location, Tax & Legal

Area: 9900 - All Other Counties/Cities
Street Number: 625
Street Name: Alleghany
Street Suffix: AVE
State/Province: VA
Zip Code: 24401
Subdivision: N/A
Municipality: Other - See Remarks
Elementary School: Other - See Remarks
Middle School: Other - See Remarks
High School: Other - See Remarks

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1947
Present Use: Built-As
Number of Units: 7
# Unfurnished: 7
# Leased Units: 7
Gross Bldg SQFT: 4860
Total Acreage: 0.28
Basement Y/N: No
Parking Description: On Street
Operating Expense: 31469
Net Operating Income: 110778
Gross Income: 68331.83
Water Class: N/A

Miscellaneous Info

Public Transport: Yes

Expenses

Management Exp: 5908.37
Maintenance Exp: 6003.63
Insurance Exp: 1800
Electric Exp: 35
Water Exp: 691.72

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick Heating: Heat Pump Electric Cooling: Heat Pump Electric Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Lease Type: One Year; Month To Month Owner Expenses: Lawn Care; Management Fee; Other - See Remarks Misc Features: Maint-Free Exterior Internet Access: Fiber Tenant Expenses: All Utilities

Listing Office: MAC WESTLAND REAL ESTATE GROUP

Last Updated: September - 15 - 2026

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