Updated Duplex with Two-Bedroom
For Sale
$249,900
2739 Brampton Way, North Chesterfield, VA 23234
Fully occupied duplex with one renovated unit and tenant-paid utilities except water.
Property Size1,296 SF
Price / SF$192.82
Days on Market16
Property Features for 2739 Brampton Way
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$26,400
Taxes and HOA fees
Annual Taxes
$1,428
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
River City Elite Properties - Real Broker
(804) 704-1944
Listed By:
James Nay · License #0225221595
(804) 704-1944
Source:
Exprealty
Added: Jul 26
Changed: Aug 8
Last Checked: Aug 9 at 9:30AM
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 River City Elite Properties - Real Broker
Investment Insights
Based on property information with market context.
This 1,296-square-foot duplex contains two residential units, each configured with 2 bedrooms and 1 full bathroom. Both units are occupied, and residents pay their own utilities other than water. Unit 2739 includes granite countertops, luxury vinyl plank flooring, and stainless steel appliances, while the second unit provides an opportunity for future improvements.
The property is located on Brampton Way in North Chesterfield, within Chesterfield County, Virginia. Its established residential setting is described as being near shopping, dining, major highways, and Chesterfield County schools. The two-unit configuration and existing occupancy provide a straightforward multifamily asset with current rental operations and room for physical updates to the remaining unit.
The property is located on Brampton Way in North Chesterfield, within Chesterfield County, Virginia. Its established residential setting is described as being near shopping, dining, major highways, and Chesterfield County schools. The two-unit configuration and existing occupancy provide a straightforward multifamily asset with current rental operations and room for physical updates to the remaining unit.
Key Highlights
- Duplex totals 1,296 SF with two residential units
- Each unit includes 2 bedrooms and 1 full bathroom
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,100
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$342,000
$342.0K
Cap Rate 7%
$244,286
$244.3K
Cap Rate 9%
$190,000
$190.0K
Market Conditions
NOI Build-Up for 1,296 SF
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.
Gross rent
$26.1K $20.16/SF
− Vacancy
−$1.7K −$1.31/SF
EGI
$24.4K $18.85/SF
− OpEx
−$7.3K −$5.65/SF
NOI
$17.1K $13.19/SF
Area
Richmond, VA
Vacancy
6.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$342,000
Cap Rate 7%
$244,286
Cap Rate 9%
$190,000
Alternative Uses
Best Use
Multifamily LT 5
$244.3K
$213.8K – $285.0K
NOI $17,100 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$229.4K
$200.7K – $267.6K
NOI $16,055 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$299.4K
$262.0K – $349.3K
NOI $20,959 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 23234, VA
46,610
Population
18,167
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
80%
High-School Grad
19.1 sq mi
ZIP Area
2,440
Density / Sq Mi
$63,630
Median Household Income
$37,661
Median Earnings
$1,321
Median Rent
$237,300
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?
Duplex - Fully occupied duplex with one renovated unit and tenant-paid utilities except water.
Where is this duplex located?
The property is located at 2739 Brampton Way North Chesterfield, VA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Duplex totals 1,296 SF with two residential units; Each unit includes 2 bedrooms and 1 full bathroom; Both units are currently occupied
