Renovated Duplex with Two
For Sale
$589,000
Pending
17423 & 17419 WILSON STREET, Dumfries, VA 22026
Two detached residences share one parcel with separate electrical and gas meters and an unfinished basement at one home.
Property Size1,844 SF
Days on Market126
Property Features for 17423 & 17419 WILSON STREET
General Information
Standard status
Pending
Size
1,844 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,118
Building Details
Building Size
1,844 SF
Year Built
1950
Listing Agency:
Keller Williams Realty
Listed By:
Viktorija Piano · License #0225220223
(571) 241-5807
Source:
Kerishull
Added: May 1
Changed: Sep 1
Last Checked: Sep 1 at 9:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This duplex property comprises two detached homes on a single 0.62-acre parcel, totaling 1,844 square feet. The larger residence at 17419 Wilson St has 3 bedrooms, 1 full bath, and an unfinished basement with exterior access. The second home at 17423 Wilson St includes 2 bedrooms and 1 full bath. The post office recognizes separate addresses for the residences.
More than 25 renovations were completed within the last 9 months, including kitchen and bathroom updates, new flooring and carpet, and additional interior and exterior work. Each home has its own electrical and gas meter, while water service is shared. The roof is described as being in excellent shape.
The property is zoned R-10 in Prince William County, with the two-dwelling configuration recognized as a legal nonconforming use. It is near I-95, Route 1, Quantico Marine Base, The Rose Gaming Resort, and the future Potomac Shores VRE Station.
More than 25 renovations were completed within the last 9 months, including kitchen and bathroom updates, new flooring and carpet, and additional interior and exterior work. Each home has its own electrical and gas meter, while water service is shared. The roof is described as being in excellent shape.
The property is zoned R-10 in Prince William County, with the two-dwelling configuration recognized as a legal nonconforming use. It is near I-95, Route 1, Quantico Marine Base, The Rose Gaming Resort, and the future Potomac Shores VRE Station.
Key Highlights
- Two detached homes on one 0.62‑acre parcel with separate USPS‑recognized addresses
- 1,844 square feet across both residences; 3‑bedroom and 2‑bedroom layouts
- R‑10 zoning with a recognized legal nonconforming two‑dwelling configuration
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
$27,839
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
4.73%
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%
$556,780
$556.8K
Cap Rate 7%
$397,700
$397.7K
Cap Rate 9%
$309,322
$309.3K
Market Conditions
NOI Build-Up for 1,844 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
$40.9K $22.20/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$39.8K $21.57/SF
− OpEx
−$11.9K −$6.47/SF
NOI
$27.8K $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%
$556,780
Cap Rate 7%
$397,700
Cap Rate 9%
$309,322
Alternative Uses
Best Use
Multifamily LT 5
$397.7K
$348.0K – $464.0K
NOI $27,839 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$354.2K
$309.9K – $413.2K
NOI $24,791 @ 7.0% cap · market cap 4.21%
Theoretical Best
Specialty Retail
$541.6K
$473.9K – $631.8K
NOI $37,909 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 22026, VA
20,225
Population
6,648
Households
3
Avg Household Size
33
Median Age
38%
College-Educated
91%
High-School Grad
8.4 sq mi
ZIP Area
2,408
Density / Sq Mi
$114,512
Median Household Income
$51,017
Median Earnings
$1,802
Median Rent
$436,300
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?
Duplex - Two detached residences share one parcel with separate electrical and gas meters and an unfinished basement at one home.
Where is this duplex located?
The property is located at 17423 & 17419 WILSON STREET Dumfries, VA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two detached homes on one 0.62‑acre parcel with separate USPS‑recognized addresses; 1,844 square feet across both residences; 3‑bedroom and 2‑bedroom layouts; R‑10 zoning with a recognized legal nonconforming two‑dwelling configuration
