Residential Income
For Sale
$415,000
10131 OAKTON TERRACE ROAD, Oakton, VA 22124
Townhouse-style condominium with a private upper-level suite and a covered patio.
Property Size1,205 SF
Price / SF$344.40
Days on Market30
Property Features for 10131 OAKTON TERRACE ROAD
General Information
Standard status
Active
Size
1,205 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,897
Building Details
Building Size
1,205 SF
Year Built
1984
Listing Agency:
RE/MAX Gateway, LLC
Listed By:
Traci Oliver · License #0225067014
(703) 505-7614
Source:
Canopy-re
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 27 at 4:01AM
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 RE/MAX Gateway, LLC
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Investment Insights
Based on property information with market context.
This 1,205-square-foot townhouse-style condominium, built in 1984, has two bedrooms and two full bathrooms. The main level includes an open living area with a vaulted ceiling, wood-burning fireplace, built-in shelving, and access to a covered patio. The kitchen has stainless steel appliances, gas cooking, and a pantry. A full-size laundry room with storage is also on this level; the second bedroom and bathroom are upstairs.
Recent updates include HVAC replacement in 2022, a bathroom renovation in 2020, and a washer and dryer installed in 2019. Community features include a pool and tot lots, with exterior maintenance, sewer, water, and trash included. The property is near the Vienna Metro, I-66, Route 123, Route 50, and George Mason University.
Recent updates include HVAC replacement in 2022, a bathroom renovation in 2020, and a washer and dryer installed in 2019. Community features include a pool and tot lots, with exterior maintenance, sewer, water, and trash included. The property is near the Vienna Metro, I-66, Route 123, Route 50, and George Mason University.
Key Highlights
- 1,205‑square‑foot townhouse‑style condominium with two bedrooms and two full bathrooms
- Vaulted living‑room ceiling, wood‑burning fireplace, built‑in shelving, and covered patio
- Upper‑level bedroom includes an oversized walk‑in closet and private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,037
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,740
$360.7K
Cap Rate 7%
$257,671
$257.7K
Cap Rate 9%
$200,411
$200.4K
Market Conditions
NOI Build-Up for 1,205 SF
Gross rent
$34.7K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$32.8K $27.22/SF
− OpEx
−$14.8K −$12.25/SF
NOI
$18.0K $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%
$360,740
Cap Rate 7%
$257,671
Cap Rate 9%
$200,411
Alternative Uses
Best Use
Apartment 5plus
$257.7K
$225.5K – $300.6K
NOI $18,037 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.05M
$4.42M – $5.89M
NOI $353,574 @ 7.0% cap · market cap 85.20%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
432
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 - Townhouse-style condominium with a private upper-level suite and a covered patio.
Where is this residential income property located?
The property is located at 10131 OAKTON TERRACE ROAD Oakton, VA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 1,205‑square‑foot townhouse‑style condominium with two bedrooms and two full bathrooms; Vaulted living‑room ceiling, wood‑burning fireplace, built‑in shelving, and covered patio; Upper‑level bedroom includes an oversized walk‑in closet and private bathroom
