600 E Main St Waynesboro, VA 22980
Estimated payment $4,830/month
About This Home
Exceptional investment opportunity—this 8-unit multifamily property delivers strong income performance with a 10% cap rate. Positioned on a high-visibility corner, the building features a well-balanced unit mix of 2 studios, 3 one-bedroom units, and 3 two-bedroom units, appealing to a wide range of tenants. The property offers updated interiors, a large paved parking area, and separately metered utilities for streamlined management and reduced owner expenses. Its prominent location ensures excellent traffic exposure, contributing to consistent demand and stable occupancy. Located just minutes from Downtown Waynesboro, the 250 Greenway, Basic City Brewery, Happ Coffee Roasters, and popular local amenities, this property attracts tenants seeking convenience and walkability. Quick access to Interstate 64 further enhances renter appeal. A rare chance to acquire a turnkey, income-producing multifamily property with proven performance and strong future potential.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,735
Year Built
- Built in 1911
Lot Details
- 10,454 Sq Ft Lot
- Zoning described as LB Local Business
Home Design
- 5,618 Sq Ft Home
- Block Foundation
Schools
- Wenonah Elementary School
- Kate Collins Middle School
- Waynesboro High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Community Details
Listing and Financial Details
- Assessor Parcel Number 46/165/1/
Map
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 | $5,945 | $725,000 | $55,000 | $670,000 |
| 2024 | $2,340 | $303,900 | $69,800 | $234,100 |
| 2023 | $2,340 | $303,900 | $69,800 | $234,100 |
| 2022 | $2,651 | $294,600 | $66,300 | $228,300 |
| 2021 | $2,651 | $294,600 | $66,300 | $228,300 |
| 2020 | $2,449 | $272,100 | $63,700 | $208,400 |
| 2019 | $2,449 | $272,100 | $63,700 | $208,400 |
| 2018 | $2,735 | $303,900 | $63,700 | $240,200 |
| 2017 | $2,644 | $303,900 | $63,700 | $240,200 |
| 2016 | $2,778 | $347,200 | $63,700 | $283,500 |
| 2015 | -- | $347,200 | $63,700 | $283,500 |
| 2014 | -- | $347,200 | $63,700 | $283,500 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2025 10/20/25 | Price Changed | $889,000 | -2.3% | $158 / Sq Ft |
| 09/23/2025 09/23/25 | For Sale | $910,000 | 0.0% | $162 / Sq Ft |
| 10/08/2024 10/08/24 | Off Market | $1,595 | -- | -- |
| 10/08/2024 10/08/24 | Off Market | $1,195 | -- | -- |
| 10/08/2024 10/08/24 | Off Market | $1,595 | -- | -- |
| 10/01/2024 10/01/24 | For Rent | $1,595 | +33.5% | -- |
| 09/09/2024 09/09/24 | For Rent | $1,195 | -25.1% | -- |
| 09/09/2024 09/09/24 | For Rent | $1,595 | -- | -- |
Source: Harrisonburg-Rockingham Association of REALTORS®
MLS Number: 669348
APN: 46 1 65- 1
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 143 N Elkin Ave
- 229 S Winchester Ave
- 320 S Winchester Ave
- 364 N Bath Ave
- 421 N Charlotte Ave
- 1200 5th St
- 0 5th St
- 1200 5th St Unit 1200, 1204, 1208
- 1357 E Main St
- 252 Port Republic Rd
- 564 N Bath Ave
- 600 N Bayard Ave
- LOT 2 Port Republic Rd
- 314 13th St
- 317 Ivanhoe Ave
- 313 Ivanhoe Ave
- 309 Ivanhoe Ave
- 220 Elizabeth Ave
- 425 S Jackson Ave
- 1623 E Main St
- 600 E Main St
- 600 E Main St Unit 6-1
- 600 E Main St Unit 6-2
- 440 Market Ave
- 440 Market Ave
- 1388 5th St Unit C
- 901 4th St
- 1013 B St
- 424 Willowshire Ct
- 409 Willowshire Ct
- 644 Edwardian Ln
- 86 Summercrest Ave
- 357 Windigrove Dr
- 1750 Rosser Ave
- 1750 Rosser Ave Unit 216 TIFFANY DRIVE
- 1750 Rosser Ave Unit 44 BRANDON LADD CIRC
- 1750 Rosser Ave Unit 141A BRANDON LADD CI
- 173 Langley Dr
- 651 Town Center Dr
- 397 Mule Academy Rd Unit 210