This unique homestead is a perfect investment opportunity for an extended family or rental property investor. Two families can pool their funds and have two separate units for independent living. Owners have fully remodeled the multi-family home, which has a 2 bedroom unit on the main level plus a bonus room and a 3 bedroom unit plus a bonus room on the upper level. Living space is approximately 1,400 sf on upper level and 1,200 sf on lower level. Everything is brand new including stainless steel kitchen appliances, bathrooms, bedroom carpeting, interior flooring, electrical system, plumbing, and 10 person septic. It has been freshly painted and is move in ready! With today's demand for rental properties, this building is a cash cow! Two rental units available and everything is brand new so there shouldn't be any immediate maintenance needs. Lower unit is currently rented for $1,600/month. This home is conveniently located near Lake Orange, Lake Anna and the Town of Orange. Seller has put a lot of sweat equity into the renovation and is ready to make a deal! Check this one out today.
For sale
$625,000
20738 Monrovia Rd, Orange, VA 22960
5beds
2,600sqft
Est.:
Single Family Residence
Built in 1960
3.54 Acres Lot
$617,300 Zestimate®
$240/sqft
$-- HOA
What's special
Bonus room
- 253 days |
- 302 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: November 29, 2025 at 03:42am
Listed by:
Anne Corbin 540-219-3646,
Long & Foster Real Estate, Inc.,
Listing Team: Team Alacrity
Source: Bright MLS,MLS#: VAOR2009522
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 2
Basement
- Area: 0
Heating
- Other, Electric
Cooling
- Ductless, Electric
Appliances
- Included: Dishwasher, Refrigerator, Stainless Steel Appliance(s), Cooktop, Electric Water Heater
- Laundry: Hookup, Lower Level, Upper Level
Features
- Ceiling Fan(s), Family Room Off Kitchen, Open Floorplan, Recessed Lighting, Dry Wall
- Flooring: Carpet
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,600
- Total interior livable area: 2,600 sqft
- Finished area above ground: 2,600
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Frontage type: Road Frontage
Lot
- Size: 3.54 Acres
- Features: Front Yard, Level, Wooded, Rear Yard, Rural, SideYard(s)
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0720000000003A
- Zoning: A
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
Condition
- Excellent
- New construction: No
- Year built: 1960
- Major remodel year: 2025
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
Community & HOA
Community
- Subdivision: None Available
HOA
- Has HOA: No
Location
- Region: Orange
Financial & listing details
- Price per square foot: $240/sqft
- Tax assessed value: $124,700
- Annual tax amount: $935
- Date on market: 4/27/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Farm Credit Service,VA Loan,FHA
- Ownership: Fee Simple
- Road surface type: Tar and Chip
Estimated market value
$617,300
$586,000 - $648,000
$2,823/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/4/2025 | Price change | $625,000-3.8%$240/sqft |
Source:  Bright MLS #VAOR2009522 Report a problem | ||
| 8/20/2025 | Price change | $650,000-7.1%$250/sqft |
Source: Bright MLS #VAOR2009508 Report a problem | ||
| 7/30/2025 | Price change | $699,999-2.8%$269/sqft |
Source: Bright MLS #VAOR2009522 Report a problem | ||
| 7/11/2025 | Price change | $720,000-2%$277/sqft |
Source: Bright MLS #VAOR2009508 Report a problem | ||
| 6/13/2025 | Price change | $735,000-18.3%$283/sqft |
Source: Bright MLS #VAOR2009508 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$3,501/mo
Principal & interest
$2964
Property taxes
$318
Home insurance
$219
Climate risks
Neighborhood: 22960
Nearby schools
GreatSchools rating
- 5/10Orange Elementary SchoolGrades: PK-5Distance: 8.1 mi
- 6/10Prospect Heights Middle SchoolGrades: 6-8Distance: 7.8 mi
- 4/10Orange Co. High SchoolGrades: 9-12Distance: 7.1 mi
Schools provided by the listing agent
- High: Orange Co.
- District: Orange County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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