Renovated Duplex with Separate
9 Burke Circle Hamilton, VA 20158
9 Burke Circle, Hamilton, VA, 20158
$650,000
Pending
For Sale
$650,000
Pending
Completely renovated duplex features two two-bedroom units, in-unit laundry, and separate private driveways.
Property Size2,080 SF
Lot Size0.50 Acres
Days on Market116
Property Features for 9 Burke Circle
General Information
- Standard status
- Pending
- Size
- 2,080 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
Real Broker, LLC
(703) 475-3512
Listed by
Benjamin James Carpenter
(703) 475-3512
Source
Compass
Added: Mar 28 Updated: Jul 21 at 1:54PM Checked: Jul 21 at 1:54PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This completely renovated duplex includes two separate two-bedroom, one full-bath units. Each unit has been restored with new kitchens and bathrooms, Luxury Vinyl Plank flooring throughout, and its own mini split heat pump system serving that side. Both units also include in-unit washer and dryer. Masonry fireplaces have been inspected and are functional if desired. The property sits on nearly a half-acre lot with separate private driveways for each unit.
The duplex is in the Town of Hamilton and is served by town water and sewer. Units are metered separately (electric) and in the tenants’ names, supporting independent utility billing. The property is currently fully leased with tenants in place.
Seller is pursuing a 1031 exchange.
The duplex is in the Town of Hamilton and is served by town water and sewer. Units are metered separately (electric) and in the tenants’ names, supporting independent utility billing. The property is currently fully leased with tenants in place.
Seller is pursuing a 1031 exchange.
Key Highlights
- Completely renovated duplex (2020) with two 2‑bedroom, 1 full bath units
- Fully leased with tenants in place
- Each unit has separate mini split heat pump systems and in‑unit washer and dryer
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 | $53.7k | $25.80 |
| − Vacancy | −$3.4k | −$1.62 |
| EGI | $50.3k | $24.18 |
| − OpEx | −$15.1k | −$7.25 |
| NOI | $35.2k | $16.93 |
2,080 SF · lease $25.80/SF/yr · vacancy 6.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$503.0K
$440.1K – $586.8K
NOI $35,209 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$463.4K
$405.5K – $540.7K
NOI $32,440 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$651.9K
$570.4K – $760.5K
NOI $45,630 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Completely renovated duplex features two two-bedroom units, in-unit laundry, and separate private driveways.
Where is this duplex located?
The property is located at 9 Burke Circle Hamilton, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Completely renovated duplex (2020) with two 2‑bedroom, 1 full bath units; Fully leased with tenants in place; Each unit has separate mini split heat pump systems and in‑unit washer and dryer
