$1,495,000

23 E Beverley St Staunton, VA 24401

Estimated payment $8,200/month

Total Views 14,721
-- Bed
-- Bath
10,154 Sq Ft
$147 Price per Sq Ft

Highlights

  • Midcentury Modern Architecture
  • Wood Flooring
  • Central Air
  • Thomas C. McSwain Elementary School Rated 9+
  • Level Entry For Accessibility
  • 1 Car Garage

About This Home

Price Drop on a Rare Downtown Gem! Opportunities like this don’t come around often — especially on Beverley Street in the heart of Downtown Staunton. This is your chance to own a truly unique property in one of the city's most coveted locations. Featuring 4 spacious apartments — two with private balconies, two with private decks — a rarity in downtown Staunton. Live in one and rent out the rest, or turn the entire property into a charming Bed & Breakfast or Airbnb retreat. Downstairs? There’s already an established restaurant tenant — meaning you can literally roll out of bed and into a delicious meal or evening drink. Imagine entertaining friends without ever needing to cook — just head downstairs and enjoy. Whether you're an investor, entrepreneur, or someone dreaming of a vibrant downtown lifestyle, this is your moment. Don't let it slip away — properties like this almost never hit the market. Previous Remarks:
Own the Building That Anchors the Block. Profit From the Heartbeat of a City with National Attention.
In the story of every great town, there's a landmark that signals what's possible — a building that doesn’t just stand tall but stands for something. Welcome to 23 E Beverley Street, where historic charm meets modern luxury and long-term stability. Located in the thriving core of Staunton, Virginia, this fully revitalized four-story building offers an immediate opportunity for multi-stream income and generational value. THE OFFERING
4 turnkey luxury apartments on upper floors – fully leased, meticulously renovated, with upscale finishes and downtown views - 2 with private balcony. 2 restaurant floors, currently home to the acclaimed Queen City Bistro – a rising star in Staunton’s growing culinary scene
Totaling 12,800+ SF, with flexible zoning, updated systems, and no deferred maintenance
A rare chance to own an appreciating asset in one of Virginia’s most talked-about small cities.
A Building That Pays Own the Building That Anchors the Block. Profit From the Heartbeat of a City with National Attention.
In the story of every great town, there's a landmark that signals what's possible — a building that doesn’t just stand tall but stands for something. Welcome to 23 E Beverley Street, where historic charm meets modern luxury and long-term stability. Located in the thriving core of Staunton, Virginia, this fully revitalized four-story building offers an immediate opportunity for multi-stream income and generational value. THE OFFERING
4 turnkey luxury apartments on upper floors – fully leased, meticulously renovated, with upscale finishes and downtown views - 2 with private balcony. 2 restaurant floors, currently home to the acclaimed Queen City Bistro – a rising star in Staunton’s growing culinary scene
Totaling 12,800+ SF, with flexible zoning, updated systems, and no deferred maintenance
A rare chance to own an appreciating asset in one of Virginia’s most talked-about small cities.
A Building That Pays You Back – From Day One
This isn’t just a property — it’s a profit-generating ecosystem. You’re not choosing between residential or commercial. You’re securing both:
Consistent rental income from the luxury apartments
Commercial lease revenue from a thriving restaurant tenant
Downtown location with foot traffic, events, and tourism built in.
Staunton has emerged as one of America’s best small towns — not by accident, but by design.
Named one of the "Best Small Towns in the South" by Southern Living
Featured in Travel + Leisure, Garden & Gun, and The New York Times for its thriving arts scene, architecture, and food culture
Home to the American Shakespeare Center, award-winning restaurants, boutique hotels, and year-round festivals
A magnet for remote workers, creative professionals, and savvy investors fleeing the sprawl for walkability, beauty, and soul.
Buildings like this rarely come up — and when they do, they don’t last long.

Listing Agent

Mike Gutzler

(202) 360-7655 mikeg@jacobsandco.com LPT Realty, LLC License #0225229026 Listed on: 06/27/2025

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,125

Year Built

  • Built in 1870

Lot Details

  • 2,800 Sq Ft Lot
  • Ground Rent expires in 4 years
  • Property is in excellent condition

Parking

  • 1 Car Garage
  • Assigned Parking Garage Space
  • On-Street Parking
  • Parking Lot

Home Design

  • Midcentury Modern Architecture
  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • Wood Flooring
  • Partially Finished Basement

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Central Air
  • Wall Furnace
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 8206

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,125

Year Built

Built in 1870

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Over Storefront
  • Architectural Style: Mid-Century Modern
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1870
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood
  • Basement: Yes
  • Basement Type: Partially Finished
  • Total Sq Ft: 12842
  • Living Area Sq Ft: 10154
  • Price Per Sq Ft: 147.23
  • Above Grade Finished Sq Ft: 10154
  • Below Grade Sq Ft: 2688
  • Total Below Grade Sq Ft: 2688
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot, On Street, Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2800.00
  • Property Condition: Excellent
  • Zoning: B-2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 4
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4125.00
  • Assessor Parcel Number: 8206
  • Tax Lot: 10
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Income Expense List: Annual Ground Rent

MLS Schools

  • School District Name: STAUNTON CITY PUBLIC SCHOOLS

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,434 $926,800 $16,800 $910,000
2024 $8,789 $845,100 $16,800 $828,300
2023 $8,789 $845,100 $16,800 $828,300
2022 $4,798 $448,400 $16,800 $431,600
2021 $4,125 $448,400 $16,800 $431,600
2020 $4,809 $437,200 $16,800 $420,400
2019 $4,809 $437,200 $16,800 $420,400
2018 $4,635 $413,800 $16,800 $397,000
2017 $4,014 $413,800 $16,800 $397,000
2016 $3,931 $413,800 $16,800 $397,000
2015 $4,552 $413,800 $16,800 $397,000
2014 $3,931 $413,800 $16,800 $397,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2025 10/10/25 Price Changed $1,495,000 -1.1% $147 / Sq Ft
09/12/2025 09/12/25 Price Changed $1,511,000 -0.5% $149 / Sq Ft
08/28/2025 08/28/25 Price Changed $1,519,000 -4.8% $150 / Sq Ft
07/30/2025 07/30/25 Price Changed $1,595,000 -5.0% $157 / Sq Ft
06/27/2025 06/27/25 For Sale $1,678,500 -- $165 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $824,743 Christopher A Jones Pllc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $825,219 New Conventional
Source: Public Records

Source: Bright MLS

MLS Number: VASC2000680

Bright MLS

APN: 8206