Residential Income Property with
For Sale
$399,900
9204 CHARLESTON DRIVE Unit 207, Manassas, VA 20110
Corner residence offers a den, private garage, and access to a clubhouse with an exercise room.
Property Size2,006 SF
Price / SF$199.35
Days on Market160
Property Features for 9204 CHARLESTON DRIVE Unit 207
General Information
Standard status
Active
Size
2,006 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,066
Amenities
club house
exercise room
sunroom
secured building
Building Details
Building Size
2,006 SF
Year Built
2012
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Jacklyn A Esguerra · License #0225054914
(571) 331-6274
Source:
Canopy-re
Added: May 22
Changed: Oct 27
Last Checked: Oct 26 at 2:43PM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,006-square-foot corner residence in The Gatherings was built in 2012. The layout includes two bedrooms, a den, a sunroom, a living room, a dining room, and a kitchen with granite counters and updated appliances. The primary bedroom has a walk-in closet and private bath. A one-car garage and separate storage room are included, and the secured building has an elevator.
Community amenities include a clubhouse with an exercise room. The property is minutes from Old Town Manassas, the VRE, and major roads.
Community amenities include a clubhouse with an exercise room. The property is minutes from Old Town Manassas, the VRE, and major roads.
Key Highlights
- 2,006‑square‑foot corner residence built in 2012
- Two bedrooms, a den, and a sunroom
- Granite kitchen counters and updated appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,750
Cap Rate
7.69%
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 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$974.9K – $1.30M
NOI $77,993 @ 7.0% cap · market cap 19.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Corner residence offers a den, private garage, and access to a clubhouse with an exercise room.
Where is this residential income property located?
The property is located at 9204 CHARLESTON DRIVE Unit 207 Manassas, VA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,006‑square‑foot corner residence built in 2012; Two bedrooms, a den, and a sunroom; Granite kitchen counters and updated appliances
