Residential Income
For Sale
$400,000
10107 OAKTON TERRACE ROAD, Oakton, VA 22124
The condominium includes a sunroom, private deck, stone fireplace, and access to a community pool, picnic areas, and playground.
Property Size1,242 SF
Price / SF$322.06
Days on Market51
Property Features for 10107 OAKTON TERRACE ROAD
General Information
Standard status
Active
Size
1,242 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,425
Amenities
swimming pool
picnic areas
playground
Building Details
Building Size
1,242 SF
Year Built
1984
Listing Agency:
Compass
Listed By:
Melinda L Venuto · License #0225207198
(703) 930-5600
Source:
Horsefarmsandcountryhomes
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 26 at 3:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This 1,242-square-foot condominium in Oakton has two bedrooms and an open living and dining area. Hardwood flooring, a stone fireplace, and a sunroom shape the main living space, while the kitchen connects to it through a breakfast bar. The home also includes a private deck, one full bath, and a laundry room with storage. Vinyl windows were installed in 2015, hardwood flooring dates to 2015, the hot water heater was replaced in 2018, and the HVAC dates to 2020. The building was constructed in 1984.
Community amenities include a swimming pool, picnic areas, a playground, and maintained grounds. The property is near commuter routes, shopping, dining, and parks in Oakton.
Community amenities include a swimming pool, picnic areas, a playground, and maintained grounds. The property is near commuter routes, shopping, dining, and parks in Oakton.
Key Highlights
- Two‑bedroom condominium with 1,242 square feet
- Private deck and sunroom
- Stone fireplace and hardwood flooring installed in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,591
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,820
$371.8K
Cap Rate 7%
$265,586
$265.6K
Cap Rate 9%
$206,567
$206.6K
Market Conditions
NOI Build-Up for 1,242 SF
Gross rent
$35.8K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$33.8K $27.22/SF
− OpEx
−$15.2K −$12.25/SF
NOI
$18.6K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,820
Cap Rate 7%
$265,586
Cap Rate 9%
$206,567
Alternative Uses
Best Use
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,591 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.21M
$4.56M – $6.07M
NOI $364,431 @ 7.0% cap · market cap 91.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
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Business Placement
Demographics for 22124, VA
18,488
Population
7,049
Households
2.6
Avg Household Size
43
Median Age
81%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
1,795
Density / Sq Mi
$216,712
Median Household Income
$114,420
Median Earnings
$2,469
Median Rent
$979,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium includes a sunroom, private deck, stone fireplace, and access to a community pool, picnic areas, and playground.
Where is this residential income property located?
The property is located at 10107 OAKTON TERRACE ROAD Oakton, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑bedroom condominium with 1,242 square feet; Private deck and sunroom; Stone fireplace and hardwood flooring installed in 2015
