Renovated 4-Unit
For Sale
$949,999
18629 AMIDON Avenue, Triangle, VA 22172
Multi-Family, TRIANGLE, VA
Property Size3,500 SF
Lot Size0.28 Acres
Price / SF$271.43
Days on Market30
Property Features for 18629 AMIDON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Driveway, On Street
Interior features
Attic, Bathroom - Stall Shower, Bathroom - Tub Shower, Built-Ins, Ceiling Fan(s), Combination Kitchen/Living, Floor Plan - Open, Kitchen - Eat-In, Recessed Lighting, Upgraded Countertops
Appliances
Built-In Microwave, Built-In Range, Cooktop, Dryer, Dryer - Electric, Energy Efficient Appliances, Instant Hot Water, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Stove, Washer, Washer/Dryer Stacked, WaterHeater
Elementary school
TRIANGLE
Middle school
GRAHAM PARK
High school
FOREST PARK
Elementary school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
High school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
Standard status
Active
Size
3,500 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
4167
Utilities
Heating system
Other (Heating), Zoned
Cooling system
Ductless, Multi Units, Zoned, Ceiling Fan(s), Window Unit(s)
Amenities
mini-split HVAC
washer/dryer
Building Details
Year built
1935
Number of units
4
Building materials
Combination, Frame, Stick Built, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Hawkins Real Estate Company
(240) 793-2485
Listed By:
Joseph E Hawkins · License #0225271573
(941) 882-0755
Added: Aug 6
Changed: Aug 19
Last Checked: Sep 4 at 8:06PM
MLS# VAPW2127430
Copyright © 2026 Bright MLS. 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 4-unit quadplex at 18629 Amidon Avenue in Triangle includes renovated residential units with modern kitchens, upgraded LVP flooring, fresh paint, individual ductless mini-split HVAC systems, and in-unit washer/dryer setups. The property spans 2 levels and has dedicated tenant parking, a paved asphalt driveway, vinyl siding, and manicured grounds. The units are 100% occupied, with owner-paid utilities and a reported rental history.
The sale also includes the adjoining 0.3627-acre B-1 commercial lot at 4008 Post Street. Together, the parcels comprise a stated 0.63-acre footprint and include a residential property with recertified nonconforming residential use alongside commercial land. The lot is described as suitable for off-street parking expansion, contractor storage, professional office, retail, or future commercial redevelopment. The properties are offered together and sold AS-IS. Showings require an appointment with 24–48 hours’ notice.
The sale also includes the adjoining 0.3627-acre B-1 commercial lot at 4008 Post Street. Together, the parcels comprise a stated 0.63-acre footprint and include a residential property with recertified nonconforming residential use alongside commercial land. The lot is described as suitable for off-street parking expansion, contractor storage, professional office, retail, or future commercial redevelopment. The properties are offered together and sold AS-IS. Showings require an appointment with 24–48 hours’ notice.
Key Highlights
- 4‑unit quadplex with 100% occupancy
- Renovated units with modern kitchens, LVP flooring, and fresh paint
- Individual ductless mini‑split HVAC systems and in‑unit washer/dryer setups
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,840
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,056,800
$1.1M
Cap Rate 7%
$754,857
$754.9K
Cap Rate 9%
$587,111
$587.1K
Market Conditions
NOI Build-Up for 3,500 SF
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.
Gross rent
$77.7K $22.20/SF
− Vacancy
−$2.2K −$0.63/SF
EGI
$75.5K $21.57/SF
− OpEx
−$22.6K −$6.47/SF
NOI
$52.8K $15.10/SF
Area
Prince William County, VA
Vacancy
2.85%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,056,800
Cap Rate 7%
$754,857
Cap Rate 9%
$587,111
Alternative Uses
Best Use
Multifamily LT 5
$754.9K
$660.5K – $880.7K
NOI $52,840 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$672.2K
$588.2K – $784.3K
NOI $47,055 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$1.03M
$899.4K – $1.20M
NOI $71,952 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 22172, VA
10,679
Population
3,903
Households
2.7
Avg Household Size
34
Median Age
41%
College-Educated
92%
High-School Grad
20.6 sq mi
ZIP Area
518
Density / Sq Mi
$113,043
Median Household Income
$48,693
Median Earnings
$1,588
Median Rent
$509,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - B-1 zoning and an adjoining commercial parcel add land-use flexibility to this occupied residential income property.
Where is this quadplex located?
The property is located at 18629 AMIDON Avenue Triangle, VA.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: 4‑unit quadplex with 100% occupancy; Renovated units with modern kitchens, LVP flooring, and fresh paint; Individual ductless mini‑split HVAC systems and in‑unit washer/dryer setups
