Fourplex with Individually Metered
293 4th Avenue Quantico, VA 22134
293 4th Avenue, Quantico, VA, 22134
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For Sale
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Two-story fourplex offers four 1-bedroom, 1-bath units with individual electric and gas metering.
Property Size2,356 SF
Lot Size0.09 Acres
Price / SF$169.78
Days on Market92
Property Features for 293 4th Avenue
General Information
- Standard status
- Active
- Size
- 2,356 SF
- Lot size
- 0.09 Acres
- Property subtype
- Multifamily
Listing agency
Tranzon Key
(703) 539-8111
Listed by
Jeffrey Stein · License #MD 5422
Source
Crexi
Added: Apr 22 Updated: Jul 21 at 7:08PM Checked: Jul 21 at 7:08PM
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 Tranzon Key
Investment Insights
Based on property information with market context.
This two-story fourplex includes four 1-bedroom, 1-bath units in an income-producing residential building. Each unit is individually metered for electric and gas. The property provides on-site parking for multiple vehicles, along with additional street parking. A driveway and an additional access point from a rear alley support vehicle access.
The building is located in the Town of Quantico and is described as walkable to the Potomac River, park, and Quantico Marina, as well as the VRE/Amtrak station, restaurants, shopping, and the post office. Access to the area requires entrance through Marine Corps Base Quantico, and completed forms and IDs are required.
Recent updates include a roof, a water heater, and most windows. The offering is presented as an online auction with leases and an expense sheet available for download.
The building is located in the Town of Quantico and is described as walkable to the Potomac River, park, and Quantico Marina, as well as the VRE/Amtrak station, restaurants, shopping, and the post office. Access to the area requires entrance through Marine Corps Base Quantico, and completed forms and IDs are required.
Recent updates include a roof, a water heater, and most windows. The offering is presented as an online auction with leases and an expense sheet available for download.
Key Highlights
- Income‑producing 4‑plex in the Town of Quantico with four 1‑bedroom, 1‑bath units
- Two‑story building over 2,300 SF on 0.09 acres with driveway, plus additional rear alley access
- Units are individually metered for electric and gas
Local Financial Insights For Apartment 5plus
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 | $69.3k | $29.40 |
| − Vacancy | −$3.6k | −$1.53 |
| EGI | $65.7k | $27.87 |
| − OpEx | −$29.5k | −$12.54 |
| NOI | $36.1k | $15.33 |
2,356 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$572.6K
$501.0K – $668.0K
NOI $40,081 @ 7.0% cap · market cap 10.02%
Second Best
Apartment 5plus
$515.9K
$451.5K – $601.9K
NOI $36,116 @ 7.0% cap · market cap 9.03%
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,601 @ 7.0% cap · market cap 22.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Two-story fourplex offers four 1-bedroom, 1-bath units with individual electric and gas metering.
Where is this quadplex located?
The property is located at 293 4th Avenue Quantico, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Income‑producing 4‑plex in the Town of Quantico with four 1‑bedroom, 1‑bath units; Two‑story building over 2,300 SF on 0.09 acres with driveway, plus additional rear alley access; Units are individually metered for electric and gas
