New Construction Duplex with
259 Freemont Circle Broadway, VA 22815
259 Freemont Circle, Broadway, VA, 22815
$349,900
For Sale
$349,900
New construction duplex featuring high-end finishes, garage, and mountain views.
Property Size1,640 SF
Price / SF$213.35
Days on Market300
Property Features for 259 Freemont Circle
General Information
- Standard status
- Active
- Size
- 1,640 SF
- Property subtype
- DUPLEX
Listing Agency
Cottonwood Commercial
(540) 383-6054
Listed by
Craig Anders · License #0225231207
Source
Tcnworldwide
Added: Sep 25, 2025 Updated: Jul 6 at 8:14 am Checked: Jul 19 at 4:04 am
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 Cottonwood Commercial
Investment Insights
Based on property information with market context.
This is a newly constructed one-level living duplex featuring 3 bedrooms and 2 full bathrooms. Built by a local craftsman, Tom Hoover, the duplex boasts high ceilings, LVP flooring, and high-end finishes throughout, complemented by a brick exterior. The open floor plan seamlessly connects the living room and kitchen, ideal for entertaining. Two bedrooms share a full bathroom, while the master suite includes a full tile walk-in shower and a custom walk-in closet. An oversized mudroom with laundry hookups, a deep bay sink, ample storage space, and a sitting area connects to the double garage, suitable for multiple vehicles or additional storage. The property is located on the southern end of the Town of Broadway and offers mountain and farm views. The property is equipped with Glo Fiber.
Key Highlights
- New construction, single‑level duplex built by local craftsman.
- Open floor plan ideal for entertaining.
- Master suite features a full tile walk‑in shower and custom walk‑in closet.
Local 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 | $22.6k | $13.80 |
| − Vacancy | −$1.5k | −$0.90 |
| EGI | $21.2k | $12.90 |
| − OpEx | −$6.3k | −$3.87 |
| NOI | $14.8k | $9.03 |
1,640 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$211.6K
$185.2K – $246.9K
NOI $14,813 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$193.1K
$169.0K – $225.3K
NOI $13,516 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$494.2K
$432.5K – $576.6K
NOI $34,597 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction duplex featuring high-end finishes, garage, and mountain views.
Where is this duplex located?
The property is located at 259 Freemont Circle Broadway, VA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: New construction, single‑level duplex built by local craftsman.; Open floor plan ideal for entertaining.; **Master suite features a full tile walk‑in shower and custom walk‑in closet.**
