Renovated Multifamily
For Sale
$875,000
6796 FAYETTE ST & 6816 JEFFERSON ST #1 & 2, Haymarket, VA 20169
Multi-Family, HAYMARKET, VA
Property Size3,434 SF
Lot Size0.37 Acres
Price / SF$254.80
Days on Market92
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
Elementary school
HAYMARKET
Middle school
RONALD WILSON REAGAN
High school
GAINESVILLE
Elementary school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
High school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
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
Listing Agency:
Keller Williams Realty
(703) 679-1700
Listed By:
Sarah A. Reynolds · License #0225174916
(703) 844-3464
Added: Jun 5
Changed: Aug 19
Last Checked: Sep 4 at 9:06AM
MLS# VAPW2121578
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.
Investment Insights
Based on property information with market context.
This multifamily property comprises a renovated front residence configured as two separately metered units and a rear side-by-side duplex. The front units include an upper three-bedroom, two-bath layout and a lower two-bedroom, two-bath layout, each with its own kitchen and entrance. The rear structure contains a three-bedroom, one-bath unit and a one-bedroom, one-bath unit, with both currently tenant occupied. The property totals 3,434 square feet on 0.3658 acres and dates to 1901. Improvements include stone construction, heat-pump heating, central air, fireplaces, driveways, and a selection of installed appliances.
The property is located in downtown Haymarket, near shops, restaurants, parks, and historic features. Access is available to I-66, Route 15, Route 29, and Route 55. The properties are served by well and septic systems.
The property is located in downtown Haymarket, near shops, restaurants, parks, and historic features. Access is available to I-66, Route 15, Route 29, and Route 55. The properties are served by well and septic systems.
Key Highlights
- 3,434‑square‑foot multifamily property on 0.3658 acres
- Front residence configured as two separately metered units
- Rear side‑by‑side duplex includes two tenant‑occupied units
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
$51,843
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
5.92%
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%
$1,036,860
$1.0M
Cap Rate 7%
$740,614
$740.6K
Cap Rate 9%
$576,033
$576.0K
Market Conditions
NOI Build-Up for 3,434 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
$76.2K $22.20/SF
− Vacancy
−$2.2K −$0.63/SF
EGI
$74.1K $21.57/SF
− OpEx
−$22.2K −$6.47/SF
NOI
$51.8K $15.10/SF
Area
Prince William County, VA
Vacancy
2.85%
Lease Rate
$22.20 /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%
$1,036,860
Cap Rate 7%
$740,614
Cap Rate 9%
$576,033
Alternative Uses
Best Use
Multifamily LT 5
$740.6K
$648.0K – $864.1K
NOI $51,843 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$659.5K
$577.1K – $769.5K
NOI $46,167 @ 7.0% cap · market cap 5.28%
Theoretical Best
Specialty Retail
$1.01M
$882.4K – $1.18M
NOI $70,595 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 20169, VA
28,182
Population
9,511
Households
3
Avg Household Size
40
Median Age
63%
College-Educated
98%
High-School Grad
37.4 sq mi
ZIP Area
754
Density / Sq Mi
$198,317
Median Household Income
$87,869
Median Earnings
$2,809
Median Rent
$676,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - Multiple residential units include separate kitchens, private entrances, and a mix of occupied and move-in-ready spaces.
Where is this multifamily property 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 $875,000.
What are key features of this property?
This property features: 3,434‑square‑foot multifamily property on 0.3658 acres; Front residence configured as two separately metered units; Rear side‑by‑side duplex includes two tenant‑occupied units
