Building Details

Year Built 1920

Year Renovated 2020

Tenancy Multi

Listing Agency: Real Broker, LLC

Listed By: Benjamin James Carpenter Show Phone

Source: Summitrealtors

Added: Mar 28 Changed: Oct 25 Last Checked: Oct 26 at 8:41PM

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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.

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

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,209

Cap Rate

5.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$704,180 $704.2K

Cap Rate 7%

$502,986 $503.0K

Cap Rate 9%

$391,211 $391.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,080 SF

Gross rent

$53.7K $25.80/SF

− Vacancy

−$3.4K −$1.62/SF

EGI

$50.3K $24.18/SF

− OpEx

−$15.1K −$7.25/SF

NOI

$35.2K $16.93/SF

Area

Loudoun County, VA

Vacancy

6.27%

Lease Rate

$25.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$704,180

Cap Rate 7%

$502,986

Cap Rate 9%

$391,211

Alternative Uses

Best Use

Multifamily LT 5

$503.0K

$440.1K – $586.8K (±1% cap)

NOI $35,209 @ 7.0% cap · market cap 5.87%

Second Best

Apartment 5plus

$463.4K

$405.5K – $540.7K (±1% cap)

NOI $32,440 @ 7.0% cap · market cap 5.41%

Theoretical Best

Specialty Retail

$651.9K

$570.4K – $760.5K (±1% cap)

NOI $45,630 @ 7.0% cap · market cap 7.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

146

Businesses Nearby

Explore this area Business Placement

Demographics for 20158, VA

4,639

Population

1,610

Households

2.9

Avg Household Size

42

Median Age

58%

College-Educated

97%

High-School Grad

13.3 sq mi

ZIP Area

349

Density / Sq Mi

$206,375

Median Household Income

$71,339

Median Earnings

$771,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

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 Cir Hamilton, VA.

What is the asking price?

The asking price for this property is $600,000.

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