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    Four-Unit Duplex Property Title is generated by Realmo AI

    6796 FAYETTE ST & 6816 JEFFERSON ST #1 & 2, Haymarket, VA 20169

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    Claim this Listing
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    For Sale
    $925,000

    MULTI_FAMILY - Other - HAYMARKET, VA

    Property size:
    3,434 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $269/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 6796 FAYETTE ST & 6816 JEFFERSON ST #1 & 2

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Driveway
    Interior features
    Window Treatments
    Fireplace
    1
    Appliances
    Built-In Microwave, Dryer, Washer, Dishwasher, Refrigerator, Stove
    Standard status
    Active
    Size
    3,434 SF
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5327

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1901
    Number of units
    4
    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah A. Reynolds

    Listing agent Sarah A. Reynolds License #0225174916

    Listing office Keller Williams Realty 11710 Plaza America Drive unit: 710, Reston, VA

    Listing date Jun 5, 2026

    MLS# VAPW2121578 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four‑unit property in downtown Haymarket: two duplexes on one parcel with three addresses
    • Front home is a stacked duplex with two move‑in ready units: 3BD/2BA upper and 2BD/2BA lower, each with separate kitchens and entrances
    • Rear home is a side‑by‑side duplex with two tenant‑occupied units: 3BD/1BA and 1BD/1BA
    • Built in 1901 with stone construction, heat pump heating, central air, and a driveway
    • Appliances included: refrigerator, stove, dishwasher, built‑in microwave, washer and dryer
    • Each unit served by well and septic; fireplace is present

    Overview

    This four-unit property features two duplex homes on one parcel, configured across three addresses. The front residence is a newly renovated single-family home converted to a stacked duplex with two move-in ready units, including a 3-bedroom, 2-bath upper unit and a 2-bedroom, 2-bath lower unit. Each unit has a separate kitchen and entrance. The rear residence is a side-by-side duplex with two tenant-occupied units, consisting of a 3-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit.

    Located in downtown Haymarket, the property is described as being steps from local shops, restaurants, parks, and historic charm. Access is noted as being convenient to I-66 and Routes 15, 29, and 55. The property is served by well and septic.

    For investors, the mix of newly renovated, move-in ready units and existing tenant-occupied space can support a straightforward four-unit ownership structure on one parcel. For an owner-occupant, the front stacked duplex offers an option to live in one updated unit while leasing the remaining three units, with separate kitchens and entrances helping support day-to-day independence between households.

    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 $76.2k $22.20
    − Vacancy −$2.2k −$0.63
    EGI $74.1k $21.57
    − OpEx −$22.2k −$6.47
    NOI $51.8k $15.10
    3,434 SF · lease $22.20/SF/yr · vacancy 2.85% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $740.6K
    $648.0K – $864.1K (±1% cap)
    NOI $51,843 @ 7.0% cap · market cap 5.60%
    Second Best
    Apartment 5plus
    $659.5K
    $577.1K – $769.5K (±1% cap)
    NOI $46,167 @ 7.0% cap · market cap 4.99%
    Theoretical Best
    Specialty Retail
    $1.01M
    $882.4K – $1.18M (±1% cap)
    NOI $70,595 @ 7.0% cap · market cap 7.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Haymarket
    County
    Prince William
    State
    Virginia
    Longitude
    -77.6386
    Latitude
    38.80912

    Nearby Similar for Sale

    • $950,000
      2,723 SF

      Two-Story Freestanding Retail Building

      Two-story freestanding corner retail building in the B-1 Town Center District.
      14891 Washington Street, Haymarket, VA 20169
      View Details
    • $10,750,000
      37,207 SF

      Haymarket Retail Investment Opportunity

      Retail property with corporate guarantee and expansion potential.
      6701-6707 Leaberry Wy, Haymarket, VA
      View Details

    FAQs

    What type of property is this?
    Quadplex - Two duplexes on one parcel provide independent units, combining move-in ready space with existing rental occupancy.
    Where is this quadplex located?
    The property is located at 6796 FAYETTE ST & 6816 JEFFERSON ST #1 & 2 Haymarket, VA.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Four‑unit property in downtown Haymarket: two duplexes on one parcel with three addresses; Front home is a stacked duplex with two move‑in ready units: 3BD/2BA upper and 2BD/2BA lower, each with separate kitchens and entrances; Rear home is a side‑by‑side duplex with two tenant‑occupied units: 3BD/1BA and 1BD/1BA
    (703) 844-3464
    We can help!
    Listing Contact
    Sarah A. Reynolds
    Real Estate License ID: 0225174916
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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