525 N Cameron St Winchester, VA 22601
Property details
About 525 N Cameron St
Looking to drastically reduce your living expenses? You should HOUSE HACK! This is the perfect property to do that. It is a duplex with one unit rented. You can live in the other have have the tenant slash your mortgage payment in half or more! Back on the market, Buyer contract fell through. Motivated seller! Amazing multifamily duplex (Cash-Machine) for sale in a prime location in Winchester City. Super Convenient location! Less than half a mile from the Old town Winchester historic walking mall. Large back yard with off street parking in the back accessible from Kern Ln. Combined rents of $40,380 a year with potential to push to $43,200. This is perfect for a house-hacker, first time investor or a seasoned investor looking to expand their portfolio. Looking to place 1031 funds somewhere? This may be the perfect spot! On the second level of this duplex is a 3 bed, 1 bath unit that was just renovated in Jan 2025 with new Luxury Vinyl Plank flooring, new paint and an updated bathroom. Seller is planning to leave this unit vacant for 2 weeks so that we can show it to interested buyers. Available to show now. This will be on the market to rent for $1800 a month. If you accept section 8 or housing vouchers then you have potential to increase it even more. The HUD FMR for 3 bedrooms were just updated to $1952/mo in this area. On the main level is a 2 bed, 1 bath unit that was fully renovated in 2021 with new LVP and amazingly refinished hardwood floors, brand new bathroom, all new paint and stainless kitchen appliances. Great long term tenant renting through Dec 2027! She said she hopes to stay there forever if possible! Current rent is $1565/mo with an 5% increase each year. Photos shown for this unit are from before existing tenant moved in. No showings available for this unit (please do not disturb tenant) however a $2700 Security deposit will be transferred to new owner at settlement for this lease. Financing options: 1. If you are looking to "House-Hack" you may qualify to buy this with 0-5% down using an FHA, VA or owner occupied conventional loan. Live in one of the units and have the tenant in the other unit help drastically reduce your mortgage payment! The current rental income may actually help you qualify for a higher mortgage than you normally would without it. Live there for a year or so, then move on to your next purchase...and guess what? You just purchased a cash-flowing rental property in an appreciating market for 0-5% down! That is unheard of! 2. Or Rent out both sides and purchase with a 20-25% down conventional loan through a traditional lender based on your debt to income. Result. Positive Cashflow! 3. Don't want a loan based on your debt to income? We have great investment lenders who can help you purchase this with 20-25% down based on the rental income of the property alone! These loans are amazing! Your income does not matter. You purchase in an LLC, not in your name, and the loans typically do not show up on your personal credit report! Result. Positive Cashflow
Highlights
(ACTIVE UNDER CONTRACT)
Summary
- MLS Number: VAWI2007254
- MLS Name: BRIGHT
- Office Name: Keller Williams Realty
- Office Phone: (703) 430-9008
- Office Email: klrw420@kw.com
- Listing Agent: Omni Casey
- Agent Phone: (703) 725-5279
- Agent Email: omni@omnitheinvestorguy.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/17/2025, 2:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$429,000
525 N Cameron St
$5,094
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 26, 2021 | Home Sold | $130,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $190,600 | $- |
| 2022 | $153,700 | $714 |
| 2021 | $153,700 | $714 |
| 2020 | $131,000 | $- |
| 2019 | $131,000 | $- |
| 2018 | $131,000 | $1,192 |
| 2017 | $131,000 | $1,192 |
History based on county public records data.
Nearby schools
2
Virginia Avenue Charlotte DeHart Elementary School
Public District PK-4
0.5 mi
•550 Virginia Ave
2
Daniel Morgan Intermediate School
Public District 5-6
1.0 mi
•48 S Purcell Ave
3
Garland R. Quarles Elementary School
Public District PK-4
1.3 mi
•1310 S Loudoun St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,703. The most common annual income of people living in Winchester, VA is less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Pro Boxing
Soccer
Where do the neighbors shop?
Family Dollar
Burlington
Chico's
Where do the neighbors go to eat?
Church's Chicken
Popeyes
Bob Evans
What do the neighbors drive?
Cadillac
Dodge
Oldsmobile
What do the neighbors listen to?
Jazz
Urban Contemporary
News
Frequently asked questions
About 525 N Cameron St
This home is located at 525 N Cameron St in Winchester, VA and zip code 22601. This 1,694 square foot home, which was built in 1920, sits on a 0.13 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 7, 2025 and is currently priced at $429,000.
Winchester, VA housing market in March 2025 saw over 11 listings sold above listed price, more than 13 sold at listed price and over 16 sold below. The inventory of homes for sale in Winchester, VA between February and March 2025 increased by 55.3%. The median list price of listings available in March 2025 was $405,000, while the average time on the real estate market was 36 days.