Renovated B-1 Quadplex With
New
For Sale
$949,999
18629 AMIDON AVENUE, Triangle, VA 22172
Four occupied units accompany an adjoining B-1 parcel for additional commercial flexibility.
Property Size3,500 SF
Lot Size0.63 Acres
Price / SF$271.43
Days on Market7
Property Features for 18629 AMIDON AVENUE
General Information
Standard status
Active
Size
3,500 SF
Lot size
0.63 Acres
Property subtype
Quadruplex
Zoning
B-1
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$949,999
Land Use
commercial, residential
Amenities
dedicated tenant parking
in-unit washer/dryer
Building Details
Year Built
1935
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Hawkins Real Estate Company
(240) 793-2485
Listed By:
Joseph E Hawkins · License #SBR006339
(240) 793-2485
Source:
Cummingsrealtors
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 11 at 6:01AM
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 Hawkins Real Estate Company
Investment Insights
Based on property information with market context.
This two-level quadplex contains four residential units and is currently 100% occupied. The units have updated kitchens, LVP flooring, and fresh paint, while the property also includes individual ductless mini-split HVAC systems and in-unit washer and dryer setups. Additional improvements include a paved asphalt driveway, exterior siding, landscaped grounds, and dedicated tenant parking. The property is being sold as-is with recertified nonconforming residential use.
The offering includes the adjacent 0.3627-acre B-1 commercial parcel at 4008 Post St, alongside the quadplex parcel at 18629 Amidon Ave. The combined offering provides control of adjoining residential and commercial-zoned land, with the lot identified for parking expansion, contractor storage, professional office, retail, or future commercial redevelopment. The property is near Marine Corps Base Quantico, Route 1, I-95 Express Lanes, VRE stations, and regional employment hubs.
The offering includes the adjacent 0.3627-acre B-1 commercial parcel at 4008 Post St, alongside the quadplex parcel at 18629 Amidon Ave. The combined offering provides control of adjoining residential and commercial-zoned land, with the lot identified for parking expansion, contractor storage, professional office, retail, or future commercial redevelopment. The property is near Marine Corps Base Quantico, Route 1, I-95 Express Lanes, VRE stations, and regional employment hubs.
Key Highlights
- 100% occupied four‑unit quadplex with renovated kitchens, LVP flooring, and fresh paint
- Adjoining 0.3627‑acre B‑1 commercial lot at 4008 Post St
- Individual ductless mini‑split HVAC systems and in‑unit washer/dryer setups
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
$52,840
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
5.56%
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%
$1,056,800
$1.1M
Cap Rate 7%
$754,857
$754.9K
Cap Rate 9%
$587,111
$587.1K
Market Conditions
NOI Build-Up for 3,500 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
$77.7K $22.20/SF
− Vacancy
−$2.2K −$0.63/SF
EGI
$75.5K $21.57/SF
− OpEx
−$22.6K −$6.47/SF
NOI
$52.8K $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%
$1,056,800
Cap Rate 7%
$754,857
Cap Rate 9%
$587,111
Alternative Uses
Best Use
Multifamily LT 5
$754.9K
$660.5K – $880.7K
NOI $52,840 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$672.2K
$588.2K – $784.3K
NOI $47,055 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$1.03M
$899.4K – $1.20M
NOI $71,952 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units accompany an adjoining B-1 parcel for additional commercial flexibility.
Where is this quadplex located?
The property is located at 18629 AMIDON AVENUE Triangle, VA.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: 100% occupied four‑unit quadplex with renovated kitchens, LVP flooring, and fresh paint; Adjoining 0.3627‑acre B‑1 commercial lot at 4008 Post St; Individual ductless mini‑split HVAC systems and in‑unit washer/dryer setups
