Browse All Culpeper VA Multi-Family Properties for Sale

$699,900

Rare opportunity to own a recently renovated mixed-use commercial building in the heart of the Town of Culpeper! Position your business for success with prime Main Street exposure while generating additional income from the residential units above. The main level features two commercial suites, each offering flexible space, a shared common area, and a bathroom—ideal for a variety of business uses or convert the main level to two additional residential units. Upstairs, you’ll find two well-appointed apartments, each with 2 bedrooms and 1 full bathroom. One unit is currently leased, providing immediate income, while the other is vacant—perfect for an owner-occupant or additional rental potential. Each unit is independently metered for utilities. This versatile property offers the perfect blend of investment opportunity and owner-user flexibility in one of Culpeper’s most desirable locations. Don’t miss your chance to own a prime mixed-use property in the thriving Town of Culpeper!

1012 S Main St, Culpeper

Listing courtesy of Belcher Real Estate, LLC.. Contact: (540) 300-9669

$1,900,000

Looking to build a multi-family investment property in Culpeper, VA? Finding land zoned by right for multi-family development is nearly impossible these days and rezoning a property for that use is even more challenging. The approvals for this project have taken years to secure, and now Willow Grove is shovel-ready! This project has full site plan approval from the Town of Culpeper to construct two buildings totaling 30 units, including a rentable management office. Owner has also obtained full building permit approval for the blueprints. The units are permitted under current codes to be converted into condominiums and sold individually. Additionally, the newly assigned RX zoning provides significant flexibility, including allowance for short-term rentals. While short-term rentals were prohibited in many zoning classifications during the Town of Culpeper’s recent zoning overhaul, they were not banned under this designation — a major advantage for Willow Grove. All necessary utilities are already present and accessible on the property, including gravity-fed sewer, power and water. Comcast is readily available to supply internet as well. Located in an area with a near-zero rental vacancy rate, this presents a strong long-term investment opportunity. A strong cap rate for long-term rentals is projected, incorporating short-term rental units could potentially increase that return even further. Approved blueprints and all related documents are available upon request.

Virginia Ave, Culpeper

Listing courtesy of RE/MAX Gateway. Contact: 7036525777

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