multiFamily

515-517 S Main St, Lexington Va 24450
  • $325,000
  • MLS #:136104


Square Ft:
  • 2,880 finished
  • 960.00 unfinished
Neighborhood:
  • None

Property Type: multiFamily
Area: Lexington
Year Built: 1970
Design: Apartment House
Exterior: Brick Veneer
Roof: Shingle
Cooling: Window Unit(s)
Heating: Baseboard Electric
Floors: Laminate, Vinyl, Wood
Basement: Full, Partially Finished, Walkout
Annual Taxes: 3086.72
Tax Year: 0
Directions: From center of downtown Lexington: Head W on Nelson St. for 1 block to left on S Jefferson St. for 0.3 miles to right on S Main St. for 0.2 miles to property on right.
First Floor Master Bedroom: Annual
Conservation Easement: No
Covenants: No Deed Restrictions
Deed Book: 586
Elementary School: Waddell
Middle School: Lylburn Downing
High School: Rockbridge Co
Historic: No
Plat: No
POA: No
Road Maintenance Agreement: No
Rooms: 3
Subdivision? No
Tax Map #: 28-19-1A
Tax Rate: $1.06/100
Zoning: Residential
Lot #: Annual
Average Rental: 601 - 700
Owner Expenses: Insurance,Lawn Care,Management Fee,Sewer,Water
Parking: On Street
Rental Type: Annual
Road Surface: Paved
Located on a prominent corner of Lexington's highly desirable historic residential district, the property features three income-producing apartment units with easy walkability to historic downtown. An exciting investment opportunity and chance to restore to a single family home in the future, the property consists of two two-bedroom units on the main level and one one-bedroom unit on the lower level. Each unit has one full bath and its own laundry facilities. Total monthly rent for the property is currently $2100. Rare opportunity!

Updated: 6/11/21
Courtesy of
James Wm. Moore Real Estate Co.