Four-Unit Quadplex with Extra
For Sale
$640,000
12020 Winfree Street, Chester, VA 23831
ResidentialIncome, Chester, VA
Property Size2,716 SF
Lot Size0.75 Acres
Price / SF$235.64
Days on Market220
Property Features for 12020 Winfree Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning description
R7
Parking features
Off Street
Patio and Porch features
Porch
Appliances
ElectricWaterHeater
Lot features
Split Possible
Elementary school
Curtis
Middle school
Elizabeth Davis
High school
Thomas Dale
Subdivision
52 - Chesterfield
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
Legal Description
CHESTER L PT 410A BK P-2
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
Listed By:
Susan Haas · License #0225083094
(804) 349-5788
Added: Feb 28
Changed: Sep 7
Last Checked: Oct 6 at 5:06PM
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 2,716-square-foot quadplex, built in 1915, contains four apartments: three two-bedroom units and one one-bedroom unit. Each apartment has a separate electric meter and furnace, while the landlord pays for water. Interior features include modernized kitchens and bathrooms, hardwood floors, tall ceilings, open layouts, and natural light. The roof was replaced 3 years ago, and the windows were replaced 1 year ago.
The 0.753-acre property includes a subdividable lot that may support a single-family home by-right or another multifamily property with approvals. It is near Rt 10 W. Hundred Rd, adjacent to Thomas Dale High School, across from Chester Village and the YMCA, and near national retail stores. Access to I-95, I-64, and Rt 288 is approximately 2.5 miles away. The property has off-street parking, a porch, public water, and septic service. The reported cap rate is 6.1%.
The 0.753-acre property includes a subdividable lot that may support a single-family home by-right or another multifamily property with approvals. It is near Rt 10 W. Hundred Rd, adjacent to Thomas Dale High School, across from Chester Village and the YMCA, and near national retail stores. Access to I-95, I-64, and Rt 288 is approximately 2.5 miles away. The property has off-street parking, a porch, public water, and septic service. The reported cap rate is 6.1%.
Key Highlights
- Fully occupied 4‑unit property with three 2‑bedroom apartments and one 1‑bedroom apartment
- 0.753‑acre parcel with subdividable lot for a single‑family home by‑right or multifamily development with approvals
- 2,716 square feet; separate electric meters and furnaces for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,859
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,180
$577.2K
Cap Rate 7%
$412,271
$412.3K
Cap Rate 9%
$320,656
$320.7K
Market Conditions
NOI Build-Up for 2,716 SF
Gross rent
$43.7K $16.08/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$41.2K $15.18/SF
− OpEx
−$12.4K −$4.55/SF
NOI
$28.9K $10.63/SF
Area
Chesterfield County, VA
Vacancy
5.60%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,180
Cap Rate 7%
$412,271
Cap Rate 9%
$320,656
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 authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 23831, VA
37,216
Population
15,430
Households
2.4
Avg Household Size
40
Median Age
37%
College-Educated
94%
High-School Grad
23.6 sq mi
ZIP Area
1,577
Density / Sq Mi
$92,092
Median Household Income
$52,114
Median Earnings
$1,560
Median Rent
$300,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily asset with updated interiors, separate utilities, and additional development potential.
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 property with three 2‑bedroom apartments and one 1‑bedroom apartment; 0.753‑acre parcel with subdividable lot for a single‑family home by‑right or multifamily development with approvals; 2,716 square feet; separate electric meters and furnaces for each unit
