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10-Unit Apartment Building
New
For Sale
$1,100,000

18 SIGNAL KNOB DRIVE, Strasburg, VA 22657

The building is fully leased, with a mix of one- and two-bedroom residences on monthly-to-annual terms.

Property Size41,488 SF
Days on Market4

Property Features for 18 SIGNAL KNOB DRIVE

General Information

Standard status Active
Size 41,488 SF
Property subtype Five Or More Units

Units

Unit Mix 6 x 2BR, 4 x 1BR
Multifamily Units 10

Taxes and HOA fees

Annual Taxes $13,792

Building Details

Building Size 41,488 SF
Year Built 2018
Buildings 1
Listing Agency: ERA Valley Realty
Listed By: Mike Beasley · License #0225107810
Source: Barnesrealestatecompany
Added: Oct 14 Changed: Oct 16 Last Checked: Oct 16 at 1:09PM

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 ERA Valley Realty

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 10-unit, motel-style building is currently operated as an apartment property. Its unit mix includes six two-bedroom apartments and four one-bedroom apartments, all leased on terms ranging from monthly to annual. The owner pays the utilities.

The property was initially permitted for commercial use, with the building allowed as a motel. A stair tower is separately leased to a Wi-Fi company. Advance notice is required to access the units.

Key Highlights

  • 10 units: six two‑bedroom apartments and four one‑bedroom apartments
  • All units are currently leased on monthly‑to‑annual terms
  • Owner pays all utilities

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Parking Lot & Garage Hair Salon Nail Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

199
Businesses Nearby

Demographics for 22657, VA

11,974
Population
5,274
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
57.7 sq mi
ZIP Area
208
Density / Sq Mi
$66,152
Median Household Income
$42,219
Median Earnings
$998
Median Rent
$268,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The building is fully leased, with a mix of one- and two-bedroom residences on monthly-to-annual terms.
Where is this apartment building located?
The property is located at 18 SIGNAL KNOB DRIVE Strasburg, VA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10 units: six two‑bedroom apartments and four one‑bedroom apartments; All units are currently leased on monthly‑to‑annual terms; Owner pays all utilities
More about this property
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