Three-Unit Multifamily
For Sale
Contact for pricing
214 Broadway Street, Quantico, VA 22134
For sale three-unit multifamily building, offering an income-focused setup for investors or owner-occupants.
Property Size3,210 SF
Price / SF$297.51
Days on Market56
Property Features for 214 Broadway Street
General Information
Standard status
Active
Size
3,210 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Listing Agency:
Mid-Atlantic Real Estate Investments Inc.
Listed By:
Kevin Sills · License #0225110225
Source:
Crexi
Added: Jun 11
Changed: Jul 10
Last Checked: Aug 4 at 12:52PM
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 Mid-Atlantic Real Estate Investments Inc.
Investment Insights
Based on property information with market context.
This for-sale multifamily property consists of three units in a single building, configured as a triplex. The total property size is listed as 3,210 square feet, providing separate rental spaces under one ownership structure.
The property is located at 214 Broadway Street in Quantico, Virginia 22134. As a three-unit residential income building, it may appeal to buyers looking to manage multiple tenants within one asset rather than purchasing separate properties.
With three units in place, this property can support a variety of practical ownership strategies, including an investor targeting rental income from multiple doors or an owner-occupant who may want to live in one unit while renting the others. If you’re evaluating triplex-style acquisitions, this offering provides a straightforward, small-multifamily format centered on maintaining three rentable units within a single address.
The property is located at 214 Broadway Street in Quantico, Virginia 22134. As a three-unit residential income building, it may appeal to buyers looking to manage multiple tenants within one asset rather than purchasing separate properties.
With three units in place, this property can support a variety of practical ownership strategies, including an investor targeting rental income from multiple doors or an owner-occupant who may want to live in one unit while renting the others. If you’re evaluating triplex-style acquisitions, this offering provides a straightforward, small-multifamily format centered on maintaining three rentable units within a single address.
Key Highlights
- Three‑unit multifamily building for sale
- Income‑focused setup for investors or owner‑occupants
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.8k | $25.80 |
| − Vacancy | −$4.8k | −$1.50 |
| EGI | $78.0k | $24.30 |
| − OpEx | −$23.4k | −$7.29 |
| NOI | $54.6k | $17.01 |
3,210 SF · lease $25.80/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$780.1K
$682.6K – $910.2K
NOI $54,610 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$703.0K
$615.1K – $820.1K
NOI $49,207 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,805 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
Demographics for 22134, VA
7,357
Population
1,651
Households
4.5
Avg Household Size
24
Median Age
54%
College-Educated
98%
High-School Grad
47.1 sq mi
ZIP Area
156
Density / Sq Mi
$67,965
Median Household Income
$30,896
Median Earnings
$2,263
Median Rent
$237,500
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?
Triplex - For sale three-unit multifamily building, offering an income-focused setup for investors or owner-occupants.
Where is this triplex located?
The property is located at 214 Broadway Street Quantico, VA.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: Three‑unit multifamily building for sale; Income‑focused setup for investors or owner‑occupants
