Two-Bedroom Residential Income
For Sale
$189,000
7497 PRINCE CHARLES COURT Unit 5, Manassas, VA 20111
The vacant condo is in a gated community and has a galley kitchen with soft-close cabinets and a stainless-steel range.
Property Size792 SF
Price / SF$238.64
Days on Market33
Property Features for 7497 PRINCE CHARLES COURT Unit 5
General Information
Standard status
Active
Size
792 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,523
Amenities
gated community
two playgrounds
basketball court
picnic areas with grills
bike racks
on-site laundry facility
24-hour security service
Building Details
Building Size
792 SF
Year Built
1973
Listing Agency:
Samson Properties
Listed By:
Heathr A Heath · License #0225098386
(703) 888-7345
Source:
Wasingerco
Added: Oct 2
Changed: Nov 1
Last Checked: Nov 3 at 8:58AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 792-square-foot condo has 2 bedrooms and 1 bathroom. Built in 1973, the unit is vacant and offered as-is. The galley kitchen has soft-close cabinetry and a stainless-steel range, while freshly primed walls are ready for paint. HVAC was replaced in 2020, and the water heater was replaced in 2017.
The gated community provides 24-hour security, two playgrounds, a basketball court, picnic areas with grills, bike racks, and an additional laundry facility. The property has access to Route 28, I-66, and Business Route 234, with shopping, restaurants, and movie theaters nearby.
The gated community provides 24-hour security, two playgrounds, a basketball court, picnic areas with grills, bike racks, and an additional laundry facility. The property has access to Route 28, I-66, and Business Route 234, with shopping, restaurants, and movie theaters nearby.
Key Highlights
- 792‑square‑foot condo with 2 bedrooms and 1 bathroom
- HVAC replaced in 2020; water heater replaced in 2017
- Gated community with 24‑hour security service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,141
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,820
$242.8K
Cap Rate 7%
$173,443
$173.4K
Cap Rate 9%
$134,900
$134.9K
Market Conditions
NOI Build-Up for 792 SF
Gross rent
$23.3K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.1K $27.87/SF
− OpEx
−$9.9K −$12.54/SF
NOI
$12.1K $15.33/SF
Area
Manassas Park County, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,820
Cap Rate 7%
$173,443
Cap Rate 9%
$134,900
Alternative Uses
Best Use
Apartment 5plus
$173.4K
$151.8K – $202.4K
NOI $12,141 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$439.9K
$384.9K – $513.2K
NOI $30,793 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 20111, VA
38,883
Population
12,066
Households
3.2
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
16.4 sq mi
ZIP Area
2,371
Density / Sq Mi
$109,785
Median Household Income
$52,377
Median Earnings
$2,020
Median Rent
$449,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The vacant condo is in a gated community and has a galley kitchen with soft-close cabinets and a stainless-steel range.
Where is this residential income property located?
The property is located at 7497 PRINCE CHARLES COURT Unit 5 Manassas, VA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 792‑square‑foot condo with 2 bedrooms and 1 bathroom; HVAC replaced in 2020; water heater replaced in 2017; Gated community with 24‑hour security service
