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
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
- Major Area
- 99 - All other Counties/Cities
- Phase
- 0
- Lot
- 12 & 13
- Block
- 8
- Tax ID
- 6468
- Annual Taxes
- 8101
- Section
- No
- Zoning Code
- R3
- POA Y/N
- No
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
- # Furnished
- 0
Miscellaneous Info
- Public Transport
- Yes
Expenses
- Management Exp
- 5908.37
- Maintenance Exp
- 6003.63
- Insurance Exp
- 1800
- Electric Exp
- 35
- Water Exp
- 691.72
Remarks & Misc
- Public Remarks
- 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.
- Directions
- West Fredrick ST, Left on Alleghany Ave, property on right
More Information
Limited Service
- Not Limited Service
- Yes
Construction
- Brick
- Yes
Heating
- Heat Pump Electric
- Yes
Misc Features
- Maint-Free Exterior
- Yes
Cooling
- Heat Pump Electric
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Lease Type
- One Year
- Yes
- Month To Month
- Yes
Owner Expenses
- Lawn Care
- Yes
- Management Fee
- Yes
- Other - See Remarks
- Yes
Internet Access
- Fiber
- Yes
Tenant Expenses
- All Utilities
- Yes
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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