Two-Bedroom Residential
For Sale
$267,000
10165 FAIR WOODS DRIVE Unit 213, Fairfax, VA 22030
A second-floor home features a quartz-counter kitchen and a private balcony facing mature trees.
Property Size984 SF
Price / SF$271.34
Days on Market41
Property Features for 10165 FAIR WOODS DRIVE Unit 213
General Information
Standard status
Active
Size
984 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,697
Building Details
Building Size
984 SF
Year Built
1963
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Dana T Tran · License #0225248953
(703) 338-6379
Source:
Irvinrealtyllc
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 26 at 10:21AM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 984-square-foot, second-floor condominium has two bedrooms and one full bathroom. The kitchen is fitted with a quartz countertop, and a private balcony overlooks trees. Built in 1963, the unit offers a defined layout within an established residential community.
The property is in Fairfax, with access to local dining and shopping, Old Town Fairfax, George Mason University, and the Fairfax County Government Center. I-66 and Route 50 connect the area to the wider region; the Vienna/Fairfax-GMU Metro station and bus service are also nearby.
The property is in Fairfax, with access to local dining and shopping, Old Town Fairfax, George Mason University, and the Fairfax County Government Center. I-66 and Route 50 connect the area to the wider region; the Vienna/Fairfax-GMU Metro station and bus service are also nearby.
Key Highlights
- 984 square feet with two bedrooms and one full bathroom
- Second‑floor condominium built in 1963
- Kitchen with quartz countertop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,729
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,580
$294.6K
Cap Rate 7%
$210,414
$210.4K
Cap Rate 9%
$163,656
$163.7K
Market Conditions
NOI Build-Up for 984 SF
Gross rent
$28.3K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$26.8K $27.22/SF
− OpEx
−$12.1K −$12.25/SF
NOI
$14.7K $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%
$294,580
Cap Rate 7%
$210,414
Cap Rate 9%
$163,656
Alternative Uses
Best Use
Apartment 5plus
$210.4K
$184.1K – $245.5K
NOI $14,729 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.12M
$3.61M – $4.81M
NOI $288,728 @ 7.0% cap · market cap 108.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A second-floor home features a quartz-counter kitchen and a private balcony facing mature trees.
Where is this residential income property located?
The property is located at 10165 FAIR WOODS DRIVE Unit 213 Fairfax, VA.
What is the asking price?
The asking price for this property is $267,000.
What are key features of this property?
This property features: 984 square feet with two bedrooms and one full bathroom; Second‑floor condominium built in 1963; Kitchen with quartz countertop
