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9351 EAST St 6 Unit Apartment Building $2,300,000 ($383,333/Unit) Manassas, VA 20110
Executive Summary
This 6 unit multifamily building presents a rare opportunity to acquire a stabilized residential asset in the heart of Old Town Manassas. The property is fully leased, featuring five 1 BD/1 BA units and one 2 BD/1 BA unit, each all-electric and separately metered. The asset generates an NOI of $95,612.96 and offers a strong income foundation with the added potential for future development, supported by a concept plan for two additional duplex buildings.
Located in the heart of Old Town Manassas, the property offers walkable access to shops, restaurants, and community amenities, along with proximity to the Prince William County Courthouse and the VRE commuter station. Its central location provides excellent connectivity via Rt. 28 and Rt. 234, with quick access to I-66 and surrounding employment centers. Ongoing revitalization, strong tenant demand, and convenient transportation make this an ideal setting for long-term residential investment and future infill development. The property is located within a Qualified Opportunity Zone, offering potential tax advantages for investors.
Located in the heart of Old Town Manassas, the property offers walkable access to shops, restaurants, and community amenities, along with proximity to the Prince William County Courthouse and the VRE commuter station. Its central location provides excellent connectivity via Rt. 28 and Rt. 234, with quick access to I-66 and surrounding employment centers. Ongoing revitalization, strong tenant demand, and convenient transportation make this an ideal setting for long-term residential investment and future infill development. The property is located within a Qualified Opportunity Zone, offering potential tax advantages for investors.
Property Facts
| Price | $2,300,000 | Lot Size | 0.44 AC |
| Price Per Unit | $383,333 | Building Size | 3,686 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | B-3 | ||
| Price | $2,300,000 |
| Price Per Unit | $383,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 3,686 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 1.63/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 101-01-00-457 | Improvements Assessment | $612,200 |
| Land Assessment | $573,500 | Total Assessment | $1,185,700 |
Property Taxes
Parcel Number
101-01-00-457
Land Assessment
$573,500
Improvements Assessment
$612,200
Total Assessment
$1,185,700
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9351 EAST St
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