Residential Income Property For
For Sale
$310,000
Pending
211 LAUREL St, Front Royal, VA 22630
Residential income property with level lot near downtown and I-66.
Property Size1,536 SF
Lot Size0.25 Acres
Days on Market313
Property Features for 211 LAUREL St
General Information
Standard status
Pending
Size
1,536 SF
Lot size
0.25 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$1,078
Building Details
Building Size
1,536 SF
Year Built
1995
Listed By:
Donna L Evans
(540) 683-9692
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 4
Last Checked: Oct 5 at 7:37PM
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 Donna L Evans
Investment Insights
Based on property information with market context.
This residential income property presents an opportunity for investors. The property features a level lot with a chain-link fence. Its location provides convenient access to downtown amenities, including shopping, restaurants, and entertainment. The property is also located within minutes of I-66, which may be beneficial for commuters. The property is being sold in its current condition.
Key Highlights
- Prime location: Short distance to downtown, shopping, restaurants, and movies.
- Investment opportunity: Live in one side and rent the other.
- Commuter friendly: Minutes to I‑66.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,131
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,620
$522.6K
Cap Rate 7%
$373,300
$373.3K
Cap Rate 9%
$290,344
$290.3K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$39.6K $25.80/SF
− Vacancy
−$2.3K −$1.50/SF
EGI
$37.3K $24.30/SF
− OpEx
−$11.2K −$7.29/SF
NOI
$26.1K $17.01/SF
Area
Warren County, VA
Vacancy
5.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,620
Cap Rate 7%
$373,300
Cap Rate 9%
$290,344
Alternative Uses
Best Use
Multifamily LT 5
$373.3K
$326.6K – $435.5K
NOI $26,131 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$336.4K
$294.3K – $392.4K
NOI $23,546 @ 7.0% cap · market cap 7.60%
Theoretical Best
Specialty Retail
$853.1K
$746.5K – $995.3K
NOI $59,720 @ 7.0% cap · market cap 19.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,046
Businesses Nearby
Explore this area
Business Placement
Demographics for 22630, VA
33,829
Population
14,465
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
121.9 sq mi
ZIP Area
278
Density / Sq Mi
$84,513
Median Household Income
$44,771
Median Earnings
$1,183
Median Rent
$329,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with level lot near downtown and I-66.
Where is this duplex located?
The property is located at 211 LAUREL St Front Royal, VA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Prime location: Short distance to downtown, shopping, restaurants, and movies.; Investment opportunity: Live in one side and rent the other.; Commuter friendly: Minutes to I‑66.
