9 BURKE Circle Hamilton, VA 20158
MULTI_FAMILY - Colonial - HAMILTON, VA
Property Features for 9 BURKE Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Fireplace
- 1
- Standard status
- Active Under Contract
- Size
- 2,080 SF
- Lot size
- 0.47 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4411
Utilities
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Aluminum Siding
- Architectural style
- Colonial
Listing agent Benjamin James Carpenter (703) 475-3512
Listing office Real Broker, LLC 1765 Greensboro Station Place unit: 900, NEW YORK, VA (855) 450-0442
Listing date Apr 2, 2026
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.
The duplex is set on a nearly half-acre lot in the Town of Hamilton, providing separate private driveways for each unit. Town water and sewer are in place, supporting a straightforward setup for day-to-day operations. With tenants currently in place, the property is positioned for immediate income for an owner-occupant or investor.
With two well-defined residential units and separate access, this duplex can fit buyers seeking a low-hassle rental setup, including an option to live in one unit while renting the other. The separate systems and in-unit laundry provide practical tenant appeal, and the seller is pursuing a 1031 exchange for qualified buyers.
Key Highlights
- Completely renovated duplex (2020) with two 2‑bedroom, 1 full bath units
- Fully leased with tenants in place; separate electric meters for each unit
- Each side has its own ductless mini split heat pump system, plus in‑unit washer/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 |
