501 4th St, Waynesboro, VA 22980

$250,000
MLS #:683766

0beds
0baths
0half-baths
2,700sq ft
0.28acres

Neighborhood: Bcmm & Lc

Square Ft Finished: 2,700

Square Ft Unfinished: 0

Elementary School: Wenonah

Middle School: Kate Collins

High School: Waynesboro

Property Type: residential

Subcategory: Apartment

HOA: No

Area: Waynesboro

Year Built: 1920

Price per Sq. Ft: $92.59

HOA fee: $0

Roof: Metal, Other

Driveway: FrontPorch, Porch, SidePorch

Garage Num Cars: 0.0

Cooling: WindowUnits

Air Conditioning: WindowUnits

Heating: ForcedAir, NaturalGas

Water: Public

Sewer: PublicSewer

Basement: Unfinished

Appliances: ConvectionOven, Refrigerator

Laundry: None

Kickout: No

Annual Taxes: $2,081

Tax Year: 2026

Legal: BLOCK 8 LOTS 45, 46, 47, & 48 BCMM&L

Directions: From I-64, take Exit 94 (US-340) and turn toward Waynesboro. Drive 3 miles and turn left onto 2nd Street. Then left onto N.Augusta Ave. The building is at the corner of Augusta Ave and 4th Street.

Four-unit investment opportunity in Waynesboro, priced below tax assessment with plenty of room to add value. The adjacent buildable lot is included in the sale (see MLS #683765). This two-story building on a corner lot offers two 2-bedroom and two 1-bedroom units, each with separate electric and gas meters. The property backs up to an alley. It needs renovation and is being sold as-is, making it a good fit for an investor or anyone ready to take on a project. Current rental income is $20,700 a year, well below what renovated units in the area bring in, so there’s real upside with updates. All tenants are month-to-month, giving a new owner flexibility to renovate and reposition. Close to downtown Waynesboro with easy access to I-64.

Days on Market: 1

Updated: 11/06/26

Courtesy of: Real Broker Llc

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Directions:

From I-64, take Exit 94 (US-340) and turn toward Waynesboro. Drive 3 miles and turn left onto 2nd Street. Then left onto N.Augusta Ave. The building is at the corner of Augusta Ave and 4th Street.
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Listing Office: Real Broker Llc