New Construction Duplex with
For Sale
$349,900
259 Freemont Circle, Broadway, VA 22815
New construction duplex featuring high-end finishes, garage, and mountain views.
Property Size1,640 SF
Price / SF$213.35
Days on Market394
Property Features for 259 Freemont Circle
General Information
Standard status
Active
Size
1,640 SF
Property subtype
DUPLEX
Building Details
Building Size
1,640 SF
Listing Agency:
Cottonwood Commercial LLC
Listed By:
Craig Anders · License #0225231207
(540) 383-6054
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Oct 13
Last Checked: Oct 20 at 6:55PM
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 LLC
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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.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,813
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,260
$296.3K
Cap Rate 7%
$211,614
$211.6K
Cap Rate 9%
$164,589
$164.6K
Market Conditions
NOI Build-Up for 1,640 SF
Gross rent
$22.6K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.2K $12.90/SF
− OpEx
−$6.3K −$3.87/SF
NOI
$14.8K $9.03/SF
Area
Rockingham County, VA
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,260
Cap Rate 7%
$211,614
Cap Rate 9%
$164,589
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 authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
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Business Placement
Demographics for 22815, VA
9,083
Population
3,957
Households
2.3
Avg Household Size
41
Median Age
25%
College-Educated
85%
High-School Grad
70.9 sq mi
ZIP Area
128
Density / Sq Mi
$70,598
Median Household Income
$40,829
Median Earnings
$1,005
Median Rent
$249,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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.**
