Top-Floor Residential Income
For Sale
$339,500
102 PROSPERITY AVENUE SE, Leesburg, VA 20175
A renovated two-bedroom condo pairs a vaulted main living area with an enclosed sunroom overlooking the community green.
Property Size946 SF
Price / SF$358.88
Days on Market69
Property Features for 102 PROSPERITY AVENUE SE
General Information
Standard status
Active
Size
946 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,009
Amenities
community pool
Building Details
Building Size
946 SF
Year Built
1986
Listing Agency:
On The Market Properties
Listed By:
Samantha V. Fisher · License #0225037841
(703) 408-4261
Source:
Catoctinproperties
Added: Aug 21
Changed: Oct 26
Last Checked: Oct 26 at 3:21PM
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 On The Market Properties
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Investment Insights
Based on property information with market context.
This top-floor, two-bedroom condominium features a vaulted great room with a skylight and wood-burning fireplace, plus an enclosed sunroom with individually opening windows and views of the community green. The kitchen and dining area have oak cabinetry, updated countertops, and new appliances. Both bathrooms have been renovated, and the primary suite includes two closets and an in-suite laundry and utility room. New flooring and paint, along with newer HVAC and a newer water heater, round out the interior improvements. The building dates to 1986.
Assigned and visitor parking are available. The home is within walking distance of the W&OD Trail and community pool, and downtown Leesburg is a short drive away. Dulles International Airport and the Metro are approximately 25 minutes away.
Assigned and visitor parking are available. The home is within walking distance of the W&OD Trail and community pool, and downtown Leesburg is a short drive away. Dulles International Airport and the Metro are approximately 25 minutes away.
Key Highlights
- Two‑bedroom, top‑floor condominium with an enclosed sunroom
- Vaulted great room with skylight and wood‑burning fireplace
- Sunroom windows overlook the community green
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,754
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,080
$295.1K
Cap Rate 7%
$210,771
$210.8K
Cap Rate 9%
$163,933
$163.9K
Market Conditions
NOI Build-Up for 946 SF
Gross rent
$28.7K $30.36/SF
− Vacancy
−$1.9K −$2.00/SF
EGI
$26.8K $28.36/SF
− OpEx
−$12.1K −$12.76/SF
NOI
$14.8K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,080
Cap Rate 7%
$210,771
Cap Rate 9%
$163,933
Alternative Uses
Best Use
Apartment 5plus
$210.8K
$184.4K – $245.9K
NOI $14,754 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$296.5K
$259.4K – $345.9K
NOI $20,753 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
Explore this area
Business Placement
Demographics for 20175, VA
33,245
Population
12,695
Households
2.6
Avg Household Size
38
Median Age
64%
College-Educated
94%
High-School Grad
59.0 sq mi
ZIP Area
563
Density / Sq Mi
$168,035
Median Household Income
$80,588
Median Earnings
$2,039
Median Rent
$717,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A renovated two-bedroom condo pairs a vaulted main living area with an enclosed sunroom overlooking the community green.
Where is this residential income property located?
The property is located at 102 PROSPERITY AVENUE SE Leesburg, VA.
What is the asking price?
The asking price for this property is $339,500.
What are key features of this property?
This property features: Two‑bedroom, top‑floor condominium with an enclosed sunroom; Vaulted great room with skylight and wood‑burning fireplace; Sunroom windows overlook the community green
