$475,000

1215 WALNUT ST, Staunton, VA 24401

  • 2,302 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $206/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Turnkey Triplex Investment Opportunity in Staunton’s West End with a gross annual income of $48,600. Fully renovated and fully leased. This circa 1900s city farmhouse has been thoughtfully converted into three modern apartments while retaining its historic charm. Each unit features a brand-new kitchen with stainless steel appliances, quartz countertops, updated lighting, in-unit washer/dryer, fresh paint, and dedicated outdoor living space for each unit (porches and decks). Located in the Kinzley Court neighborhood, this property offers easy access to downtown Staunton’s shops, restaurants, and amenities, with quick access to the bypass for commuters. All renovations were just completed, and a full inspection with repair list has been finalized for peace of mind. In addition to street parking, a brand-new gravel parking lot has been installed at the rear of the property, accessed via the alley—an attractive bonus for tenants. Each unit is leased on newly signed annual leases, providing immediate rental income with minimal maintenance. All utilities are tenant paid. A rare, turnkey multi-unit property in a prime city location, perfect for investors looking for stable cash flow and modern updates with character that tenants love!

Listing Status:
Pending
Date Added:
October 7, 2025 at 05:00AM
Listing Office:
EXP REALTY LLC : 866-825-7169
Listing Agent:
JENNY MITCHELL : 434-249-4151
MLS ID:
669847
  • Appliances: DryerWasher
  • Flooring: LaminateWood
  • A/C: None
  • Heating: BaseboardElectric
  • General: Porch
  • Roofing: CompositionMetalOtherShingle
  • General: ClapboardWood SidingSlab
  • Road/Access: Public Road
  • Originating MLS: CAAR_GAAR
  • County: Staunton
  • Zoning: LOT A (REV 31-32)1617
  • Utilities: Cable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: CAAR_GAAR

This listing courtesy of JENNY MITCHELL, EXP REALTY LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

B

Bessie Weller Elementary School

600 Greenville Ave, Staunton, VA, 24401

Grades KG-5

1.18 miles away

S

Shelburne Middle School

300 Grubert Ave, Staunton, VA, 24401

Grades 6-8

0.88 miles away

S

Staunton High School

1200 N Coalter St, Staunton, VA, 24401

Grades 9-12

2.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.