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Edward Yancey

edyanceyrealtor@gmail.com +1(540) 849-9429

$ 250,000

Est. payment -/mo

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New

501 4TH ST Waynesboro, VA 22980

2,700 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $92

Subdivision Bcmm & Lc

MLS Listing ID 683766

HOA Y/N No

Year Built 1920

Annual Tax Amount $2,081

Tax Year 2026

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Quadruplex

Property Description

Four-unit investment opportunity in Waynesboro, priced below tax assessment with plenty of room to add value. The adjacent buildable lot is included in the sale (see MLS #683765). This two-story building on a corner lot offers two 2-bedroom and two 1-bedroom units, each with separate electric and gas meters. The property backs up to an alley. It needs renovation and is being sold as-is, making it a good fit for an investor or anyone ready to take on a project. Current rental income is $20,700 a year, well below what renovated units in the area bring in, so there's real upside with updates. All tenants are month-to-month, giving a new owner flexibility to renovate and reposition. Close to downtown Waynesboro with easy access to I-64.

Location

State VA

County Waynesboro

Zoning RG-5 General Residential

Direction From I-64, take Exit 94 (US-340) and turn toward Waynesboro. Drive 3 miles and turn left onto 2nd Street. Then left onto N.Augusta Ave. The building is at the corner of Augusta Ave and 4th Street.

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Window Unit(s)

Fireplace No

Appliance Convection Oven, Refrigerator

Laundry None

Exterior

Utilities Available Cable Available

Water Access Desc Public

Roof Type Metal,Other

Porch Front Porch, Porch, Side Porch

Road Frontage Public Road

Building

Foundation Block

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Wenonah

Middle Schools Kate Collins

High Schools Waynesboro

Others

Tax ID 1960

Listed by REAL BROKER LLC