- For Sale $1,580,000
- Property Type Multi-Family
- Property Size 8,000 SF
- Units 16
- Lot Size 0.06 Acre
- Property Tenancy Multi-Tenant
- Year Built 1945
- Date Updated Apr 27, 2026
Description
Quantico, VAHarbor View Apartments is a 16-unit multifamily asset located steps from Marine Corps Base Quantico - one of the most stable rental demand engines 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.
Highlights
- 10 of 16 HVAC units replaced within past 3 years
- 16-Unit Multifamily Asset | ±8,000 SF
- Attractive Basis & Yield: Priced $1.58M ? $197.50/SF | $93,750–$98,750 per door - 6.5% Cap rate
- In-Place NOI: ~$102,811 annually
- Operationally efficient, low-complexity management structure
- Recent capital improvements including HVAC, furnace, water heater replacements & interior refinishing ? Reduced short-term capital exposure
- Stable occupancy supported by Quantico Marine Base workforce
- Suitable for value-add operators, cash-flow buyers, or long-term hold investors
- Tenant-paid electric & gas | Water included in rent
- Upside potential via interior upgrades & strategic rent repositioning
- Walkable to VRE, retail, dining, and base access
False
Contacts
Fatimah Wilson
Tartan Properties Commercial
Location
Contact Listing Broker
Fatimah Wilson
Tartan Properties Commercial