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Top-Level Residential Income Property
For Sale
$210,000

120-2 WASHINGTON ST NE #5, Leesburg, VA 20176

LEESBURG, VA

Property SizeContact for details
Days on Market12

Property Features for 120-2 WASHINGTON ST NE #5

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bedroom 2
Subdivision CAVALIER ARMS CONDO
Elementary school district LOUDOUN COUNTY PUBLIC SCHOOLS
Middle school district LOUDOUN COUNTY PUBLIC SCHOOLS
High school district LOUDOUN COUNTY PUBLIC SCHOOLS
Standard status Active

Amenities

additional storage unit
gas, water, sewer, and trash removal included

Building Details

Year built 1971
Listing Agency: Purcellville Gateway
Listed By: Laure A. Cain
Added: Aug 31 Changed: Sep 10 Last Checked: Sep 11 at 11:06PM
MLS# VALO2135446

Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This top-floor residential income property is a 2 BR, 1 Bath condominium built in 1971. The layout includes two bedrooms, each with two closets, along with a kitchen pantry and a large walk-in hall closet. An additional storage unit and one assigned parking space are included with the unit.

The condominium is located in downtown Leesburg, within walking distance of the historic district, grocery stores, and restaurants. The condo fee covers gas for heating and cooking, water, sewer, and trash removal.

Key Highlights

  • 2 BR, 1 Bath condominium built in 1971
  • Top‑level unit with no residence above
  • Two closets in each bedroom

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Catering Service Tanning Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,466
Businesses Nearby

Demographics for 20176, VA

51,777
Population
17,044
Households
3
Avg Household Size
38
Median Age
59%
College-Educated
94%
High-School Grad
54.9 sq mi
ZIP Area
943
Density / Sq Mi
$166,870
Median Household Income
$67,473
Median Earnings
$2,089
Median Rent
$702,400
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential income property - Two-bedroom condo with dedicated storage, an assigned parking space, and included water, sewer, trash, and gas.
Where is this residential income property located?
The property is located at 120-2 WASHINGTON ST NE #5 Leesburg, VA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 2 BR, 1 Bath condominium built in 1971; Top‑level unit with no residence above; Two closets in each bedroom
More about this property
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