Residential Income Property with
For Sale
$459,990
202A PARK CENTRAL TERRACE, Manassas, VA 20111
Two-level home offers a low-maintenance layout with a rear-load garage, balcony, flex space, and upgraded interior finishes.
Property Size1,573 SF
Price / SF$292.43
Days on Market58
Property Features for 202A PARK CENTRAL TERRACE
General Information
Standard status
Active
Size
1,573 SF
Property subtype
Unit/Flat/Apartment
Building Details
Building Size
1,573 SF
Year Built
2026
Listing Agency:
SM Brokerage, LLC
Listed By:
Danielle Dawn Wallace · License #0225237494
(571) 999-7039
Source:
Kerishull
Added: Aug 20
Changed: Oct 11
Last Checked: Oct 15 at 7:35AM
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 SM Brokerage, LLC
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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 1573-square-foot residential income property is a two-level townhome-style garage condominium built in 2026. The interior includes a family room, breakfast area, kitchen with quartz countertops and extensive cabinetry, two bedrooms, and two private baths. The primary suite features two walk-in closets, while an upper-level flex area opens to an attached balcony. A 1-car rear-load garage and full driveway provide dedicated parking and weather-protected access.
The property is located in Manassas near shopping, dining, entertainment, outdoor recreation, and Historic Old Town Manassas. The Virginia Railway Express Station is a 2-minute walk away, providing rail access into Washington D.C. Park Central also includes Manassas Park City Hall, a public library, and a sprinkler park.
The property is located in Manassas near shopping, dining, entertainment, outdoor recreation, and Historic Old Town Manassas. The Virginia Railway Express Station is a 2-minute walk away, providing rail access into Washington D.C. Park Central also includes Manassas Park City Hall, a public library, and a sprinkler park.
Key Highlights
- 1573‑square‑foot townhome‑style garage condominium
- Built in 2026 with model home upgrades and finishes
- 1‑car rear‑load garage with full driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,113
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,260
$482.3K
Cap Rate 7%
$344,471
$344.5K
Cap Rate 9%
$267,922
$267.9K
Market Conditions
NOI Build-Up for 1,573 SF
Gross rent
$46.2K $29.40/SF
− Vacancy
−$2.4K −$1.53/SF
EGI
$43.8K $27.87/SF
− OpEx
−$19.7K −$12.54/SF
NOI
$24.1K $15.33/SF
Area
Manassas Park County, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,260
Cap Rate 7%
$344,471
Cap Rate 9%
$267,922
Alternative Uses
Best Use
Apartment 5plus
$344.5K
$301.4K – $401.9K
NOI $24,113 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$873.7K
$764.5K – $1.02M
NOI $61,158 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 20111, VA
38,883
Population
12,066
Households
3.2
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
16.4 sq mi
ZIP Area
2,371
Density / Sq Mi
$109,785
Median Household Income
$52,377
Median Earnings
$2,020
Median Rent
$449,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level home offers a low-maintenance layout with a rear-load garage, balcony, flex space, and upgraded interior finishes.
Where is this residential income property located?
The property is located at 202A PARK CENTRAL TERRACE Manassas, VA.
What is the asking price?
The asking price for this property is $459,990.
What are key features of this property?
This property features: 1573‑square‑foot townhome‑style garage condominium; Built in 2026 with model home upgrades and finishes; 1‑car rear‑load garage with full driveway
