600 E Main St Waynesboro, VA 22980
Estimated payment $4,625/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 |
|---|---|---|---|---|
| 02/15/2026 02/15/26 | Price Changed | $845,000 | -2.8% | $150 / Sq Ft |
| 01/23/2026 01/23/26 | Price Changed | $869,000 | -2.2% | $155 / 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
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