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This 6 unit multifamily building presents a rare opportunity to acquire a stabilized residential asset in the heart of Old Town Manassas. The property is fully leased, featuring five 1 BD/1 BA units and one 2 BD/1 BA unit, each all-electric and separately metered. The asset generates an NOI of $95,612.96 and offers a strong income foundation with the added potential for future development, supported by a concept plan for two additional duplex buildings. Located in the heart of Old Town Manassas, the property enjoys walkable access to shops, restaurants, and community amenities, as well as close proximity to the Prince William County Courthouse and the VRE commuter station. Its central location offers excellent regional connectivity via Rt. 28 and Rt. 234, providing quick access to I-66 and surrounding employment centers. The area's ongoing revitalization, strong tenant demand, and convenient transportation options make it an ideal setting for long-term residential investment and future infill development.
| DAYS ON MARKET | 0 | LAST UPDATED | 10/9/2025 |
|---|---|---|---|
| TRACT | OLD TOWN MANASSAS | YEAR BUILT | 1960 |
| COUNTY | MANASSAS CITY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | MANASSAS CITY PUBLIC SCHOOLS |
|---|---|
| High School | OSBOURN |
| ADDITIONAL DETAILS | |
| AIR | Electric, Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Electric |
| LOT | 0.44 acre(s) |
| PARKING | Private, Parking Lot |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | OLD TOWN MANASSAS |
| TAXES | 16944 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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