Fully Occupied 4-Unit
12020 Winfree Street Chester, VA 23831
12020 Winfree Street, Chester, VA, 23831
$640,000
For Sale
$640,000
MULTI_FAMILY - Other - Chester, VA
Property Size2,716 SF
Lot Size0.75 Acres
Price / SF$235.64
Days on Market144
Property Features for 12020 Winfree Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 790-65-54-60-400-000
- Size
- 2,716 SF
- Lot size
- 0.75 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CHESTER L PT 410A BK P-2
- Tax Annual Amount
- 3015
Utilities
- Sewer type
- Septic Tank
- Water source
- Public
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Drywall, Frame, VinylSiding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
HAAS Realty Group
(804) 349-5788
Listed by
Susan Haas · License #0225083094
(804) 349-5788
Added: Feb 28 Updated: Jul 17 at 5:25PM Checked: Jul 22 at 10:06PM
MLS# 2604831
Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied 4-unit multifamily property offers three 2-bedroom apartments and one 1-bedroom unit. Units have separate electric meters and individual furnaces, while the landlord pays for water. Inside, the apartments feature open layouts with natural light, hardwood floors, and tall ceilings. Kitchens and bathrooms have been modernized, and the building has seen recent exterior and major component updates, including a roof replacement about three years ago and window replacements about one year ago.
The property is located in Chesterfield County, convenient to Rt 10 W and Hundred Rd. It sits near Thomas Dale High School and is across from Chester Village and the YMCA, with national retail stores nearby. The site also provides access to I-95, I-64, and Rt 288 roughly 2.5 miles away.
For buyers, the current income setup includes all four units leased with separate utility metering, which can simplify tenant billing. The lot is described as subdividable, offering the possibility to build a single-family home by-right or pursue another multi-family development with approvals, subject to applicable requirements.
The property is located in Chesterfield County, convenient to Rt 10 W and Hundred Rd. It sits near Thomas Dale High School and is across from Chester Village and the YMCA, with national retail stores nearby. The site also provides access to I-95, I-64, and Rt 288 roughly 2.5 miles away.
For buyers, the current income setup includes all four units leased with separate utility metering, which can simplify tenant billing. The lot is described as subdividable, offering the possibility to build a single-family home by-right or pursue another multi-family development with approvals, subject to applicable requirements.
Key Highlights
- Fully occupied 4‑unit multi‑family property with separate electric meters and furnaces
- (3) 2‑bedroom units and (1) 1‑bedroom unit
- Roof replaced 3 years ago; windows replaced 1 year ago
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $16.08 |
| − Vacancy | −$2.4k | −$0.90 |
| EGI | $41.2k | $15.18 |
| − OpEx | −$12.4k | −$4.55 |
| NOI | $28.9k | $10.63 |
2,716 SF · lease $16.08/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$412.3K
$360.7K – $481.0K
NOI $28,859 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$359.4K
$314.5K – $419.3K
NOI $25,160 @ 7.0% cap · market cap 3.93%
Theoretical Best
Healthcare Medical
$5.44M
$4.76M – $6.35M
NOI $380,916 @ 7.0% cap · market cap 59.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four fully occupied units with modern interiors and a subdividable lot for potential additional residence or multifamily.
Where is this quadplex located?
The property is located at 12020 Winfree Street Chester, VA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Fully occupied 4‑unit multi‑family property with separate electric meters and furnaces; (3) 2‑bedroom units and (1) 1‑bedroom unit; Roof replaced 3 years ago; windows replaced 1 year ago
