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Duplex with Off-Street Parking
New
For Sale
$940,000

18424 WOODLAND DRIVE, Triangle, VA 22172

Central air and a parking lot support the property's two-unit residential configuration.

Property Size5,148 SF
Price / SF$182.60
Days on Market3

Property Features for 18424 WOODLAND DRIVE

General Information

Standard status Active
Size 5,148 SF
Property subtype Residential Income
Zoning R4
Net Operating Income $52,695

Taxes and HOA fees

Annual Taxes $6,545

Amenities

Central Air, Electric
Natural Gas, Heat Pump
Electric Range, Electric Oven, Gas Water Heater, Refrigerator
Off Street, Parking Lot
Lighting
Colonial, Unit/Flat

Building Details

Building Size 5,148 SF
Year Built 1965
Stories 2
Listed By: Rob R Rochon
Source: Evrealestate
Added: Oct 29 Changed: Oct 31 Last Checked: Oct 31 at 3:23AM

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 Rob R Rochon

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Investment Insights

Based on property information with market context.

This 5,148-square-foot duplex in Triangle, Virginia, was built in 1965 and is zoned R4. The property includes central air, electric range and oven, a gas water heater, refrigerator, natural gas, and heat-pump heating. Off-street parking, a parking lot, and exterior lighting are also present.

Key Highlights

  • 5,148‑square‑foot duplex
  • R4 zoning
  • Built in 1965

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$77,720
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,554,400 $1.6M
Cap Rate 7%
$1,110,286 $1.1M
Cap Rate 9%
$863,556 $863.6K
Market Conditions
NOI Build-Up for 5,148 SF
Gross rent
$114.3K $22.20/SF
− Vacancy
−$3.3K −$0.63/SF
EGI
$111.0K $21.57/SF
− OpEx
−$33.3K −$6.47/SF
NOI
$77.7K $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 Rate 5%
$1,554,400
Cap Rate 7%
$1,110,286
Cap Rate 9%
$863,556

Alternative Uses

Best Use
Multifamily LT 5
$1.11M
$971.5K – $1.30M (±1% cap)
NOI $77,720 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$988.7K
$865.1K – $1.15M (±1% cap)
NOI $69,211 @ 7.0% cap · market cap 7.36%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M (±1% cap)
NOI $105,832 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

243
Businesses Nearby

Demographics for 22172, VA

10,679
Population
3,903
Households
2.7
Avg Household Size
34
Median Age
41%
College-Educated
92%
High-School Grad
20.6 sq mi
ZIP Area
518
Density / Sq Mi
$113,043
Median Household Income
$48,693
Median Earnings
$1,588
Median Rent
$509,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Duplex - Central air and a parking lot support the property's two-unit residential configuration.
Where is this duplex located?
The property is located at 18424 WOODLAND DRIVE Triangle, VA.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: 5,148‑square‑foot duplex; R4 zoning; Built in 1965
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Includes: Price & PSF · Cap rate · Location · Zoning

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