Three-Bedroom Residential Income
9202 CHARLESTON DRIVE Unit 207, Manassas, VA 20110
For Sale
$419,950
Secure building entry, elevator service, and a garage space in the same building support convenient access.
Property Size2,006 SF
Price / SF$209.35
Days on Market40
Property Features for 9202 CHARLESTON DRIVE Unit 207
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
secure entry
lobby
Building Details
Building Size
Year Built
Listing Agency:
Weichert, REALTORS
Listed By:
Mary Ann Bendinelli · License #0225146694
(703) 307-2499
Source:
Canopy-re
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 7 at 4:54PM
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 Weichert, REALTORS
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Investment Insights
Based on property information with market context.
This 2,006-square-foot condominium was built in 2012 and includes three bedrooms, a kitchen with stainless steel appliances, granite counters, tile backsplash, breakfast nook, and bar seating. The primary suite has a walk-in closet and private bath; a second full bath serves the remaining space. Luxury vinyl plank flooring runs throughout, and the third bedroom can also function as an office or hobby room.
The unit is on the second floor, with elevator service from a secured-entry lobby. A garage space is located in the same building below the residence. Old Town Manassas and VA Rail are described as minutes away.
The unit is on the second floor, with elevator service from a secured-entry lobby. A garage space is located in the same building below the residence. Old Town Manassas and VA Rail are described as minutes away.
Key Highlights
- Three‑bedroom condominium with 2,006 square feet
- Built in 2012
- Kitchen includes stainless steel appliances, granite countertops, tile backsplash, breakfast nook, and bar seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,750
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,000
$615.0K
Cap Rate 7%
$439,286
$439.3K
Cap Rate 9%
$341,667
$341.7K
Market Conditions
NOI Build-Up for 2,006 SF
Gross rent
$59.0K $29.40/SF
− Vacancy
−$3.1K −$1.53/SF
EGI
$55.9K $27.87/SF
− OpEx
−$25.2K −$12.54/SF
NOI
$30.8K $15.33/SF
Area
Manassas Park County, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,000
Cap Rate 7%
$439,286
Cap Rate 9%
$341,667
Alternative Uses
Best Use
Apartment 5plus
$439.3K
$384.4K – $512.5K
NOI $30,750 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$974.9K – $1.30M
NOI $77,993 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
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Business Placement
Demographics for 20110, VA
49,120
Population
16,289
Households
3
Avg Household Size
35
Median Age
34%
College-Educated
82%
High-School Grad
12.8 sq mi
ZIP Area
3,838
Density / Sq Mi
$120,397
Median Household Income
$53,126
Median Earnings
$1,863
Median Rent
$445,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Secure building entry, elevator service, and a garage space in the same building support convenient access.
Where is this residential income property located?
The property is located at 9202 CHARLESTON DRIVE Unit 207 Manassas, VA.
What is the asking price?
The asking price for this property is $419,950.
What are key features of this property?
This property features: Three‑bedroom condominium with 2,006 square feet; Built in 2012; Kitchen includes stainless steel appliances, granite countertops, tile backsplash, breakfast nook, and bar seating
