Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1945
Sq.Footage
N/A
Harbor View Apartments is a 16-unit multifamily asset consisting of two eight-unit buildings, ideally located steps from Marine Corps Base Quantico—one of the most stable rental demand drivers in the region. The property totals approximately 8,000 SF, offering investors predictable cash flow supported by military/government tenancy, consistent occupancy, and measurable expense efficiency. Operations are streamlined with tenant-paid electric and gas while ownership covers water, minimizing utility exposure and improving expense control. Ownership has also made ongoing system upgrades including multiple HVAC replacements, furnace and water heater installations, and interior turnover improvements, supporting reduced near-term capex needs and smoother asset management for the next owner. With an in-place NOI of ±$102,811, Harbor View provides a strong entry yield at the asking basis, with runway for value creation through unit modernization and incremental rent growth. This acquisition presents an opportunity to step into a well-maintained, cash-flowing asset in a supply-constrained market with sticky tenant demand and minimal new rental product delivery in the immediate area.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Cement Siding
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other
Price
-
Sales Price
$1,580,000
-
Tax Amount
$4,257
-
Financing Options
Other
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Septic Tank
-
Tax Lot
12
-
Water Source
Public
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Location
County
PRINCE WILLIAM
Elementary School
Middle School
High School
Listing Courtesy of Mike B Porterfield, Tartan Properties, Inc.
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Salesperson, Realtor
Nicholas Welti
Call Nicholas today to schedule a private showing.
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