Renovated Duplex with Separate
For Sale
$624,999
Pending
9 Burke Circle, Hamilton, VA 20158
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 Market162
Property Features for 9 Burke Circle
General Information
Standard status
Pending
Size
2,080 SF
Lot size
0.50 Acres
Property subtype
Residential / Fee Simple
Zoning
URBAN SINGLE FAMILY
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,411
Amenities
Yes
2
No Pool
Building Details
Year Built
1920
Year Renovated
2020
Tenancy
Multi
Listing Agency:
Real Broker, LLC
Listed By:
Benjamin James Carpenter
(703) 475-3512
Source:
Compass
Added: Mar 28
Changed: Aug 28
Last Checked: Aug 14 at 7:44AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,209
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$704,180
$704.2K
Cap Rate 7%
$502,986
$503.0K
Cap Rate 9%
$391,211
$391.2K
Market Conditions
NOI Build-Up for 2,080 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $35,209 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$463.4K
$405.5K – $540.7K
NOI $32,440 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$651.9K
$570.4K – $760.5K
NOI $45,630 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 Circle Hamilton, VA.
What is the asking price?
The asking price for this property is $624,999.
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
