Historic Two-Residence Multifamily
For Sale
$700,000
8203 BUCKLAND Road, Gainesville, VA 20155
Multi-Family, GAINESVILLE, VA
Property Size1,650 SF
Lot Size1.00 Acre
Price / SF$424.24
Days on Market48
Property Features for 8203 BUCKLAND Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway, Parking Lot, Off Street
Interior features
Attic, Breakfast Area, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Table Space, Stove - Wood, Stove - Pellet, Upgraded Countertops, Walk-in Closet(s), Wood Floors
Elementary school
THE NOKESVILLE SCHOOL
Middle school
THE NOKESVILLE SCHOOL
High school
BRENTSVILLE
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
1,650 SF
Lot size
1.00 Acre
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
4154
Utilities
Heating system
Electric (Heating), Baseboard, Central, Forced Air, Heat Pump (Heating)
Cooling system
Central Air, Window Unit(s)
Water front features
Waterfront
Water front
1
Building Details
Year built
1863
Number of units
2
Building materials
BlownInInsulation, SprayFoamInsulation, Wood Siding
Architectural style
National
Buildings
2
Listing Agency:
Cowne Group
(703) 919-9466
Listed By:
Patrick W Cowne · License #225036848
(703) 392-6963
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 28 at 11:06AM
MLS# VAPW2130270
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.
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Investment Insights
Based on property information with market context.
This multifamily property comprises two detached single-family residences on a 1-acre waterfront parcel in Gainesville, Virginia. The primary residence is a pre-Civil War farmhouse built in 1863 and renovated in 2010, retaining wood floors and traditional character while adding upgraded countertops, recessed lighting, a formal dining room, and a renovated primary bathroom with walk-in closet. Its layout includes 3 bedrooms and 2.5 bathrooms, along with attic storage. A second detached residence is in good condition and actively leased.
Additional property features include wood siding, blown-in and spray-foam insulation, central air, window units, heat pump and baseboard heating, plus driveway, parking lot, and off-street parking. The property also includes an eat-in kitchen, breakfast area, pellet and wood stoves, and waterfront frontage. Commuter lots are located within approximately five miles, providing access to the surrounding Northern Virginia area.
Additional property features include wood siding, blown-in and spray-foam insulation, central air, window units, heat pump and baseboard heating, plus driveway, parking lot, and off-street parking. The property also includes an eat-in kitchen, breakfast area, pellet and wood stoves, and waterfront frontage. Commuter lots are located within approximately five miles, providing access to the surrounding Northern Virginia area.
Key Highlights
- Two detached single‑family residences on one 1‑acre parcel
- Pre‑Civil War farmhouse built in 1863 and renovated in 2010
- Primary residence includes 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,183
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,660
$443.7K
Cap Rate 7%
$316,900
$316.9K
Cap Rate 9%
$246,478
$246.5K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$41.6K $25.20/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$40.3K $24.44/SF
− OpEx
−$18.1K −$11.00/SF
NOI
$22.2K $13.44/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,660
Cap Rate 7%
$316,900
Cap Rate 9%
$246,478
Alternative Uses
Best Use
Apartment 5plus
$316.9K
$277.3K – $369.7K
NOI $22,183 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$484.6K
$424.0K – $565.3K
NOI $33,920 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 20155, VA
37,218
Population
12,833
Households
2.9
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
25.5 sq mi
ZIP Area
1,460
Density / Sq Mi
$154,531
Median Household Income
$71,853
Median Earnings
$2,648
Median Rent
$630,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - One-acre waterfront parcel with two detached residences, including a renovated historic farmhouse and a separately leased home.
Where is this multifamily property located?
The property is located at 8203 BUCKLAND Road Gainesville, VA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two detached single‑family residences on one 1‑acre parcel; Pre‑Civil War farmhouse built in 1863 and renovated in 2010; Primary residence includes 3 bedrooms and 2.5 bathrooms
