9351 EAST St - Apartments FOR SALE


Manassas, VA 20110- Downtown Manassas
$2,300,000 USD
703-929-9758
9351 EAST St, Manassas, VA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

9351 EAST St
Manassas, VA 20110
Downtown Manassas


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$624 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

B-3

APN/PARCEL ID

101-01-00-457

ASK ABOUT THIS PROPERTY

Chuck RectorWeber Rector Commercial Real Estate ServicesMore Info
703-929-9758

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Chuck RectorWeber Rector Commercial Real Estate ServicesMore Info
703-929-9758

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