Exceptional investment opportunity in the heart of Middletown, directly across from the famous Wayside Theater, and conveniently located just minutes from I-81. This unique property features two attached living units, offering outstanding income potential, multigenerational living, or the flexibility to occupy one unit while generating rental income from the other. The main residence showcases the timeless charm of a 1920s home with an inviting front porch, welcoming foyer, beautiful staircase, wood floors, exposed brick, and multiple decorative fireplaces. The updated kitchen features modern cabinetry and a center island. The main unit includes two main-level bedrooms with private en-suite baths, while the upper level offers a spacious primary suite with a walk-in closet and attached bath, plus two additional bedrooms that share a hall bath. The attached second unit is fully equipped with its own kitchen, living room, two bedrooms, and two-and-a-half baths, making it ideal for long-term tenants, short-term rental opportunities (subject to local regulations), or extended family. The property's layout also provides the option to combine both units into one expansive residence if desired. Situated on a generous lot, the property includes a detached two-car garage with additional storage, a storage shed, ample off-street parking, and plenty of outdoor space. Whether you're an investor seeking strong rental potential or a buyer looking for a property with flexible living and income opportunities, this one-of-a-kind multifamily property offers exceptional value in a prime location.
Middletown is located in Virginia. Middletown, Virginia has a population of 1,608. Middletown is less family-centric than the surrounding county with 17.71% of the households containing married families with children. The county average for households married with children is 30.01%.
The median household income in Middletown, Virginia is $48,634. The median household income for the surrounding county is $84,317 compared to the national median of $69,021. The median age of people living in Middletown is 39.5 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 21.3 degrees. The average rainfall is approximately 38.2 inches per year, with 22.4 inches of snow per year.
