9351 East Street Manassas, VA 20110

$2,300,000
0.44
Acres
$2,300,000
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active
1/23
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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.

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.

  • Neighborhood
  • Type
  • County
    Manassas City
  • Tax Amount
    $16,944
  • Status
    Active
  • Listing #
    VAMN2009488
  • Built
    1960
  • Lot Size
    0.44
  • Listed on site
    237 days
  • Listing Agent Id
    121136913380

Listed by:
Weber Rector Commerical Real Estate Services, Inc.

Source:
BRIGHT MLS

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Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Historic Property

Exterior features

  • No Pool

Interior Features

  • Wood Floors
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