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17423 Wilson St 2 Unit Apartment Building Offered at $599,999 at a 8.60% Cap Rate Dumfries, VA 22026



Executive Summary
THIS IS A 2-HOUSE 1-LOT/1-DEED property R-10 Zoned | Grandfathered Two Homes on One Lot | Cash Flow + Development Upside - 13 SFD 2plus on same parcel Investor opportunity in the heart of Dumfries! This unique property features one parcel with two detached homes, offering immediate income and long-term upside. The post office recognizes two separate addresses: 17419 Wilson St and 17423 Wilson St, enhancing rental flexibility. 17419 Wilson St offers 3 bedrooms, 1 full bath, laundry, main-level living, plus an unfinished basement with exterior access. 17423 Wilson St features 2 bedrooms and 1 full bath, laundry, and main-level living Both homes are currently rented, generating approximately $4,300/month in gross income. Extensively updated with 25+ renovations completed in the last 9 months, including: ? Renovated bathrooms ? Updated kitchens ? New flooring and carpet ? 2 New HVAC systems (each unit has its own HVAC system) ? Roof in excellent shape ? Additional interior and exterior improvements ? Utilities - electrical and gas / each unit has its own meter. Water is shared between the two homes. Property is zoned R-10 (10,000 sq ft minimum lot size) in Prince William County. The existing configuration is recognized as a legal nonconforming (grandfathered) use, allowing two dwellings on a single lot—an increasingly rare opportunity (buyer to verify future use and development potential). Situated on a 0.62-acre lot, this property offers potential for expansion, redevelopment, or long-term hold. Conveniently located near I-95, Route 1, and Quantico Marine Base, in a high-demand rental corridor. Ideal for investors seeking a turnkey, cash-flowing asset with multiple exit strategies. One legal lot with two detached homes USPS recognizes two addresses (17419 & 17423 Wilson St) Rental income approx. $4,300/month 17419 includes an unfinished basement with exterior access (potential upside) Value-add opportunity through rent increases and/or improvements Survey available upon request Buyer to verify zoning, subdivision, and development potential Positioned in the path of growth between Quantico and Potomac Shores, this property benefits from proximity to The Rose Gaming Resort, the future Potomac Shores VRE Station, Interstate 95, and one of Northern Virginia's fastest-growing residential corridors. Located within minutes of major employment centers, including Quantico Marine Base and the FBI Academy, the site offers exceptional long-term appreciation potential driven by ongoing infrastructure investment, population growth, and commercial development.
Property Facts
| Price | $599,999 | Property Type | Multifamily |
| Price Per Unit | $300,000 | Lot Size | 0.62 AC |
| Sale Type | Investment | Building Size | 2,728 SF |
| Cap Rate | 8.60% | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1950/2026 |
| Zoning | R-10 - Property is zoned R-10 (10,000 sq ft minimum lot size) in Prince William County. | ||
| Price | $599,999 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 8.60% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.62 AC |
| Building Size | 2,728 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2026 |
| Zoning | R-10 - Property is zoned R-10 (10,000 sq ft minimum lot size) in Prince William County. |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 8289-04-9838 | Improvements Assessment | $245,800 |
| Land Assessment | $195,300 | Total Assessment | $441,100 |
Property Taxes
Parcel Number
8289-04-9838
Land Assessment
$195,300
Improvements Assessment
$245,800
Total Assessment
$441,100
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The Piano Home Group
17423 Wilson St
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