Fully leased, 7-unit apartment building offered for the serious multifamily investor. All units were renovated in 2018/2019, including upgraded electrical, plumbing, and HVAC systems, and a new roof was installed in March 2023. The building is 100% occupied, electric is individually metered and tenants pay all utilities. Located in the heart of Staunton's historic Lakeview area, the property offers a rare combination of stabilized in-place income and a location that drives durable long-term rental demand. The building is close to Gypsy Hill Park and its public golf course, picnic pavilions, and beloved duck pond, as well as Mary Baldwin University, downtown restaurants and retail, the Amtrak station, and Augusta Health's Staunton outpatient center, with the main Augusta Health hospital campus a short drive away and Western State Hospital approximately 3.5 miles out. Easy access to I-81 and I-64 connects the property to Harrisonburg, Charlottesville, Richmond, and Washington, D.C. This is a turnkey opportunity for an investor seeking in-place cash flow and in a location with genuine, multi-driver rental demand. Serious inquiries only. To learn more about Staunton, visit visitstaunton.com.
23 E. Beverley Street is a rare opportunity to own one of Downtown Staunton’s signature buildings in the heart of its thriving historic district. This fully revitalized mixed-use landmark features four luxury apartments — including two with private balconies and two with private decks, an exceptional rarity downtown — plus a well-established restaurant tenant occupying the lower levels, creating immediate, diversified income from day one. Live in one residence while generating income from the others, expand the short-term rental potential, or simply enjoy owning a premier asset in one of Virginia’s most celebrated small cities. With over 12,800 square feet, updated systems, flexible zoning, and no deferred maintenance, this is a true turnkey investment blending historic character, modern upgrades, and long-term upside. Located steps from Staunton’s acclaimed restaurants, boutiques, theaters, and year-round events — including the renowned American Shakespeare Center — the property sits at the center of a destination city consistently recognized by Southern Living and Travel + Leisure for its culture, walkability, and charm.
Although the Multiple Listing Service of the Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. All information is deemed reliable but not guaranteed, and should be independently verified. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2026 The Multiple Listing Service of the Roanoke Valley. All rights reserved.
Staunton is located in Virginia. Staunton, Virginia has a population of 25,358. Staunton is less family-centric than the surrounding county with 27.79% of the households containing married families with children. The county average for households married with children is 27.79%.
The median household income in Staunton, Virginia is $53,041. The median household income for the surrounding county is $53,041 compared to the national median of $69,021. The median age of people living in Staunton is 40.9 years.
The average high temperature in July is 85.4 degrees, with an average low temperature in January of 21.3 degrees. The average rainfall is approximately 41.1 inches per year, with 20.8 inches of snow per year.
