313-319 2nd Ave - Apartments FOR SALE


Quantico, VA 22134- Quantico Station
$1,580,000 USD
215-715-1235
313-319 2nd Ave, Quantico, VA for Sale
$1,580,000 USD
Apartments - FOR SALE
1/15
null | 6.51% Cap Rate

313-319 2nd Ave
Quantico, VA 22134
Quantico Station


HIGHLIGHTS

  • 16-Unit Multifamily Asset | ±8,000 SF
  • Attractive Basis & Yield: Priced $1.58M ? $197.50/SF | $93,750– $98,750 per door - 6.5% Cap rate
  • In-Place NOI: ~$102,811 annually
  • 10 of 16 HVAC units replaced within past 3 years
  • Recent capital improvements including HVAC, furnace, water heater replacements & interior refinishing ? Reduced short-term capital exposure
  • Tenant-paid electric & gas | Water included in rent

OVERVIEW

Harbor View Apartments is a 16-unit multifamily asset consisting of two eight-unit buildings, ideally located steps from Marine Corps Base Quantico—one of the most stable rental demand drivers in the region. The property totals approximately 8,000 SF, offering investors predictable cash flow supported by military/government tenancy, consistent occupancy, and measurable expense efficiency. Operations are streamlined with tenant-paid electric and gas while ownership covers water, minimizing utility exposure and improving expense control. Ownership has also made ongoing system upgrades including multiple HVAC replacements, furnace and water heater installations, and interior turnover improvements, supporting reduced near-term capex needs and smoother asset management for the next owner. With an in-place NOI of ±$102,811, Harbor View provides a strong entry yield at the asking basis, with runway for value creation through unit modernization and incremental rent growth. This acquisition presents an opportunity to step into a well-maintained, cash-flowing asset in a supply-constrained market with sticky tenant demand and minimal new rental product delivery in the immediate area.

FOR SALE DETAILS

PRICE

$1,580,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

16

PRICE/UNIT

$98,750

CAP RATE

6.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbor View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

T1

APN/PARCEL ID

8287-96-0119,8287-96-0318

ASK ABOUT THIS PROPERTY

Fatimah WilsonTartan Properties CommercialMore Info
215-715-1235

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Fatimah WilsonTartan Properties CommercialMore Info
215-715-1235

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.