Exceptional opportunity located directly on Valley Avenue. 20 residential units, 15 offices. Selling at a CAP rate of 7.5%. Fully leased and possible help with financing to a well qualified buyer. The residential units are fully furnished and fully leased. The offices are full rented except the 2 the current owner uses. There is a shared conference room , kitchen and reception area for the office units.
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1950
Living Area: 16,771 SqFt
Listing Office:
Office Name: Link Realty Services LLC
Office Phone: (540) 450-0142
Listing Agent: Meridee A Powars
Exterior Features
Parking Information:
Parking: Off Street
Lot Features
Lot Information:
Lot Size: 0.75 Acres
Utilities
Utilities Information:
Heating: Heat Pump
Cooling: Heat Pump
Other
Directions Information:
Directions: Located directly on Valley Ave. (Rt 11).
Price Information
Listing Price Info
Price Summary:
List Price: $3,800,000
Price Per SqFt: $227/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Winchester, VA.
This property is $3.4M more than the Median Sold Price and $19/SqFt more than other homes in Winchester, VA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #VAWI2005910
Listing Office:
Office Name: Link Realty Services LLC
Office Phone: (540) 450-0142
Listing Agent: Meridee A Powars
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19K
Per Month
Principal & Interest
$18.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.4K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Frederick Douglass Elementary School
100 W Cedarmeade Ave
Distance between this listing and this school0.56 miles
Public District Grades KG-4
3
/10
Garland R. Quarles Elementary School
1310 S Loudoun St
Distance between this listing and this school2.13 miles
Public District Grades PK-4
5
/10
Evendale Elementary School
220 Rosa Ln
Distance between this listing and this school2.65 miles
Public District Grades PK-5
Nearby Schools
3
/10
Admiral Richard E. Byrd Middle School
134 Rosa Ln
Distance between this listing and this school2.59 miles
Public District Grades 6-8
3
/10
James Wood Middle School
1313 Amherst St
Distance between this listing and this school3.03 miles
Public District Grades 6-8
5
/10
Daniel Morgan Middle School
48 S Purcell Ave
Distance between this listing and this school3.06 miles
Public District Grades 7-8
Nearby Schools
3
/10
John Handley High School
425 Handley Blvd
Distance between this listing and this school2.30 miles
Public District Grades 9-12
5
/10
James Wood High School
161 Apple Pie Ridge Rd
Distance between this listing and this school4.72 miles
Public District Grades 9-12
5
/10
Sherando High School
185 S Warrior Dr
Distance between this listing and this school4.93 miles
The neighbors living near this home have an average income of $71,143. Most Winchester, VA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2967 Valley Ave
What is the listing price of this property?
The listing price of 2967 Valley Ave property is $3,800,000.
What type of property is this?
The property 2967 Valley Ave is a house located in Winchester, Virginia, 22601.
Is this property for sale now?
Active Listing: 2967 Valley Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the square footage of this property?
The property 2967 Valley Ave is 16,771 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2967 Valley Ave is 1950.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2967 Valley Ave in Winchester, VA and zip code 22601. This 16,771 square foot home, which was built in 1950, sits on a 0.75 acre lot. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $3,800,000.
Winchester, VA housing market in November 2024 saw over 16 listings sold above listed price, more than 23 sold at listed price and over 34 sold below. In November 2024 in Winchester, VA there were 4.7% less homes for sale than in October 2024. While the average time on the market in November 2024 was 42 days, the median list price was $388,952.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
Extreme Sports
Extreme Sports
Horse Races
Hiking/backpacking
Sam's Club
Stein Mart
Nordstrom Rack
White Castle
LongHorn Steakhouse
Chipotle
Oldsmobile
Buick
Mazda
Rock
Contemporary Inspirational
Rhythmic Contemporary Hits