Two-Bedroom Residential Income
For Sale
$425,000
Pending
15110 HEATHER MILL LANE #307, Haymarket, VA 20169
HAYMARKET, VA
Property Size1,500 SF
Days on Market95
Property Features for 15110 HEATHER MILL LANE #307
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1
Subdivision
REGENCY AT DOMINION VALLEY
Elementary school
GRAVELY
Middle school
RONALD WILSON REAGAN
High school
BATTLEFIELD
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
Pending
Amenities
gated community
secured entrance
Building Details
Year built
2016
Listing Agency:
Gainesville/Manassas
(571) 261-1400
Listed By:
Michael Rush
Added: Jul 26
Changed: Oct 24
Last Checked: Oct 28 at 12:06AM
MLS# VAPW2126292
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 15110 Heather Mill Lane #307 in Haymarket, this 2016 residential income property offers more than 1,500 finished square feet in a gated Dominion Valley community. The single-level layout includes two bedrooms, two full bathrooms, a foyer, great room, dining room, and a primary bedroom with a sitting-room extension, walk-in closet, and separate closet areas. A secured lobby entrance and elevator provide access to the unit.
Interior features include wide-plank hardwood flooring, 9-foot ceilings, crown moulding, custom shades and blinds, and an open kitchen with granite countertops, stainless steel appliances, cherry cabinetry, pantry, and breakfast bar. The primary bath includes ceramic tile, a shower with built-in seat, Corian countertops, and cherry cabinets. A covered balcony extends from the living area. The property also includes a one-car garage, two-car driveway parking, and additional parking throughout the community.
Interior features include wide-plank hardwood flooring, 9-foot ceilings, crown moulding, custom shades and blinds, and an open kitchen with granite countertops, stainless steel appliances, cherry cabinetry, pantry, and breakfast bar. The primary bath includes ceramic tile, a shower with built-in seat, Corian countertops, and cherry cabinets. A covered balcony extends from the living area. The property also includes a one-car garage, two-car driveway parking, and additional parking throughout the community.
Key Highlights
- Over 1,500 finished square feet with 2 bedrooms and 2 full baths
- Built in 2016 within a gated Dominion Valley community
- Secured lobby entrance with elevator access to unit #307
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,166
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,320
$403.3K
Cap Rate 7%
$288,086
$288.1K
Cap Rate 9%
$224,067
$224.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$37.8K $25.20/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$36.7K $24.44/SF
− OpEx
−$16.5K −$11.00/SF
NOI
$20.2K $13.44/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,320
Cap Rate 7%
$288,086
Cap Rate 9%
$224,067
Alternative Uses
Best Use
Apartment 5plus
$288.1K
$252.1K – $336.1K
NOI $20,166 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$440.5K
$385.5K – $514.0K
NOI $30,837 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
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Business Placement
Demographics for 20169, VA
28,182
Population
9,511
Households
3
Avg Household Size
40
Median Age
63%
College-Educated
98%
High-School Grad
37.4 sq mi
ZIP Area
754
Density / Sq Mi
$198,317
Median Household Income
$87,869
Median Earnings
$2,809
Median Rent
$676,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Elevator-served single-level residence with a gourmet kitchen, covered balcony, garage, and additional driveway parking.
Where is this residential income property located?
The property is located at 15110 HEATHER MILL LANE #307 Haymarket, VA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Over 1,500 finished square feet with 2 bedrooms and 2 full baths; Built in 2016 within a gated Dominion Valley community; Secured lobby entrance with elevator access to unit #307
