Cash flows10 days on marketPending
801 and 803 16th St N, Virginia
Fourplex · 4 units: 1 bed / 1 bath ×4 unit split estimated · 2,132 sq ft · View the listing ↗
Photos, via Realtor.com.
+$1,053 monthly cash flow
After every cost, including reserves for vacancy and repairs, this fourplex puts about $1,053 a month in your pocket. That’s a 38.4% yearly return on the $32,867 you’d put in.
At $142,900, 20% down, 7.00% for 30 years, self-managed.
- Cash-on-cash return
- 38.4% Yearly cash flow ÷ cash in
- Cap rate
- 15.2% Return if you paid all cash
- Cash to close
- $32,867 Down payment + closing costs
- Break-even price
- $340,730 Most you can pay and still cash flow
The listing, and how its numbers compare
MLS #150864What the seller says
VIRGINIA: Attention Investors - Two separate Duplexes that are well maintained with good rental history. No steam conversion loans to assume. Bldg 801 was built in 1936 and is a 1152SF 2 story (upper/lower units). Bldg 803 was built in 1924 and is a 980SF 1.5 Story (Upper/lower units). Natural gas boilers and water heaters in both properties, much of the electrical was updated, and majority of the windows replaced with vinyl, and architectural shingled roofs. Priced well, don't miss out on this rare opportunity.
The building
- Type
- Fourplex
- Year built
- 1924
- Exterior
- Hard Board, Vinyl · Wood Frame
- Roof
- Asphalt, Shingle
- Basement
- Block, Full, Poured
Systems and utilities
- Heating
- Gas, Hot Water
Parking and lot
- Parking
- Parking Area, On Street Parking
Description and facts from Realtor.com. View on Realtor.com ↗
The model: change anything
Every input shows where it came from. Edit one and the whole page updates.
Each month
| Rent | $3,600 |
| Vacancy | −$216 |
| Property tax | −$250 |
| Insurance | −$344 |
| Water, sewer, trash | −$340 |
| Repairs and capital reserve | −$576 |
| Net operating income | $1,814 |
| Mortgage (principal + interest) | −$761 |
| Cash flow | $1,053 |
Detailed assumptions
30 years: this building vs. the same money in stocks
The building comes out $1.94M aheadYear 30 (loan paid off): this building $2,193,238, the same money in stocks $250,192.
Monthly cash flow, year 1 to year 30
See it as a line: this building vs. stocks, year by year
Rents +3% a year, costs +3.5%, value +3%, stocks 7%, 6% to sell. Future dollars: at 3% inflation, divide year-30 figures by about 2.4 for today’s buying power. Red bars are months you’d cover out of pocket.
Rent estimate and comparable rentals
1 bed: $900/mo · range $875–$950 · 10 rentals within 1.5 mi · medium confidence
Median asking rent of nearby rentals with the same bedroom count (within 1.5 miles): for rent now or leased in the last 3 years (past rents brought to today at 3% a year), from Realtor.com rental listings. Range is the middle half of those rents. Asking rents, not signed leases. Rent rules: No rent cap.
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 517 14th St N Unit 3, Virginia | $889asked $875 | 1 / 1 | 0.2 mi |
| 302 N 5th Ave Unit A, Virginia | $907asked $900 | 1 / 1 | 0.9 mi |
| 201 N 5th Ave, Virginia | $882 | 1 / 1 | 1.0 mi |
| 408 S 7th Ave Unit 2, Virginia | $952asked $940 | 1 / 1 | 1.2 mi |
| 406 S 4th Ave W Apt 204, Virginia | $940 | 1 / 1 | 1.3 mi |
| 408 5th St S Unit 2, Virginia | $914asked $900 | 1 / 1 | 1.4 mi |
| 606 7th St S Unit 2, Virginia | $880 | 1 / 1 | 1.4 mi |
| 604 7th St S Unit 2, Virginia | $850 | 1 / 1 | 1.4 mi |
| 602 7th St S Unit 2, Virginia | $880 | 1 / 1 | 1.4 mi |
| 104 5th St S, Virginia | $940 | 1 / 1 | 1.4 mi |
Asking rents from Realtor.com listings, not signed leases.
Red flags and opportunities
Serious changes whether this is a good buy and keeps it out of our top picks. Check means ask before an offer. Minor is worth knowing. Each one shows its source.
Watch for
No red flags in the available data. That isn't the same as none.
Opportunities
None found.
Questions for the agent
- Can we see the current leases and a rent roll, with move-in dates?
- What did water/sewer/trash, heat and electric cost the owner over the last 12 months?
- How old are the roof, boiler or furnaces, water heaters and electrical panels?
- Is the building licensed as a rental for this many units, and when was the last city inspection?
- Any special assessments pending, and will the seller pay them off at closing?
Standard questions worth asking about any building.
What the records say
Price history · Realtor.com
On the market since 2026-10-23 (10 days).
| Date | Event | Price |
|---|---|---|
| Listed | $142,900 |
From the listing
| Listed as | Fourplex |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Virginia on rental licensing before you buy.
Location
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Educational analysis, not financial, legal or real estate advice. AI-assisted first read of the listing description and photos, checked against public records. Verify with the agent, leases and an inspection. Prepared 2026-11-02.