Renovated Duplex with Two 2BR
9 BURKE Circle Hamilton, VA 20158
9 BURKE Circle, Hamilton, VA, 20158
$625,000
For Sale
Under Contract
$625,000
MULTI_FAMILY - Colonial - HAMILTON, VA
Property Size2,080 SF
Lot Size0.47 Acres
Price / SF$300.48
Days on Market106
Property Features for 9 BURKE Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Fireplace
- 1
- Standard status
- Active Under Contract
- Size
- 2,080 SF
- Lot size
- 0.47 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4411
Utilities
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Aluminum Siding
- Architectural style
- Colonial
Listing Agency
Real Broker, LLC
(855) 450-0442
1765 Greensboro Station Place unit: 900, NEW YORK, VA
Listed by
Benjamin James Carpenter
(703) 475-3512
Added: Apr 2 Checked: Jul 16 at 4:06 pm
MLS# VALO2119404
Listing URL
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 renovated duplex features two separate two-bedroom, one-bath units, each with updated interiors. The property was completely renovated in 2020 and includes new kitchens and bathrooms, luxury vinyl plank flooring throughout, and in-unit washer and dryer for added convenience. Heating and cooling are handled by separate mini split heat pump systems serving each side. Masonry fireplaces have been inspected and are functional if desired, adding character for tenants. Both units are separately metered for electricity, with metering in the tenants’ names.
The duplex is set on a nearly half-acre lot in the Town of Hamilton, providing separate private driveways for each unit. Town water and sewer are in place, supporting a straightforward setup for day-to-day operations. With tenants currently in place, the property is positioned for immediate income for an owner-occupant or investor.
With two well-defined residential units and separate access, this duplex can fit buyers seeking a low-hassle rental setup, including an option to live in one unit while renting the other. The separate systems and in-unit laundry provide practical tenant appeal, and the seller is pursuing a 1031 exchange for qualified buyers.
The duplex is set on a nearly half-acre lot in the Town of Hamilton, providing separate private driveways for each unit. Town water and sewer are in place, supporting a straightforward setup for day-to-day operations. With tenants currently in place, the property is positioned for immediate income for an owner-occupant or investor.
With two well-defined residential units and separate access, this duplex can fit buyers seeking a low-hassle rental setup, including an option to live in one unit while renting the other. The separate systems and in-unit laundry provide practical tenant appeal, and the seller is pursuing a 1031 exchange for qualified buyers.
Key Highlights
- Completely renovated duplex (2020) with two 2‑bedroom, 1 full bath units
- Fully leased with tenants in place; separate electric meters for each unit
- Each side has its own ductless mini split heat pump system, plus in‑unit washer/dryer
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 | $53.7k | $25.80 |
| − Vacancy | −$3.4k | −$1.62 |
| EGI | $50.3k | $24.18 |
| − OpEx | −$15.1k | −$7.25 |
| NOI | $35.2k | $16.93 |
2,080 SF · lease $25.80/SF/yr · vacancy 6.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.0K
$440.1K – $586.8K
NOI $35,209 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$463.4K
$405.5K – $540.7K
NOI $32,440 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$651.9K
$570.4K – $760.5K
NOI $45,630 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Completely renovated duplex offers two leased two-bedroom units with separate utilities and private driveways.
Where is this duplex located?
The property is located at 9 BURKE Circle Hamilton, VA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Completely renovated duplex (2020) with two 2‑bedroom, 1 full bath units; Fully leased with tenants in place; separate electric meters for each unit; Each side has its own ductless mini split heat pump system, plus in‑unit washer/dryer
