Residential Income Property with
For Sale
$330,000
10248 APPALACHIAN CIRCLE Unit 1-B1, Oakton, VA 22124
The tenant-occupied unit includes a private balcony, two parking permits, and access to a pool, gym, and community room.
Property Size1,109 SF
Price / SF$297.57
Days on Market51
Property Features for 10248 APPALACHIAN CIRCLE Unit 1-B1
General Information
Standard status
Active
Size
1,109 SF
Total Parking Spaces
2
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/Den
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,726
Amenities
pool
gym
community room
dog park
playground
private balcony
fireplace
in-unit washer/dryer
Building Details
Building Size
1,109 SF
Year Built
1986
Tenancy
Single
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Mary Dehkam · License #0225263100
(571) 379-1111
Source:
Canopy-re
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 26 at 3:29PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,109-square-foot residential income property has one bedroom, a den, a living room with a wood-burning fireplace, a dining area, and a sunroom. Recent work includes new HVAC, windows, carpet, and paint; the unit also has a newer washer and a new dryer. Storage and closet space are provided, and a private balcony overlooks trees and a lot. The building dates to 1986.
The tenant’s lease expires November 30, 2026. Parking includes two permits and visitor parking. Community amenities include a pool, gym, and community room. Exterior maintenance, water, sewer, and trash are included. The property is in Oakton, with access to I-66 and Route 123; Tyson and Vienna Metro are described as nearby.
The tenant’s lease expires November 30, 2026. Parking includes two permits and visitor parking. Community amenities include a pool, gym, and community room. Exterior maintenance, water, sewer, and trash are included. The property is in Oakton, with access to I-66 and Route 123; Tyson and Vienna Metro are described as nearby.
Key Highlights
- 1,109‑square‑foot unit with one bedroom and a den
- Wood‑burning fireplace, dining area, and sunroom
- New HVAC, windows, carpet, and paint; newer washer and new dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,600
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,000
$332.0K
Cap Rate 7%
$237,143
$237.1K
Cap Rate 9%
$184,444
$184.4K
Market Conditions
NOI Build-Up for 1,109 SF
Gross rent
$31.9K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.2K $27.22/SF
− OpEx
−$13.6K −$12.25/SF
NOI
$16.6K $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%
$332,000
Cap Rate 7%
$237,143
Cap Rate 9%
$184,444
Alternative Uses
Best Use
Apartment 5plus
$237.1K
$207.5K – $276.7K
NOI $16,600 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.65M
$4.07M – $5.42M
NOI $325,406 @ 7.0% cap · market cap 98.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
562
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 tenant-occupied unit includes a private balcony, two parking permits, and access to a pool, gym, and community room.
Where is this residential income property located?
The property is located at 10248 APPALACHIAN CIRCLE Unit 1-B1 Oakton, VA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,109‑square‑foot unit with one bedroom and a den; Wood‑burning fireplace, dining area, and sunroom; New HVAC, windows, carpet, and paint; newer washer and new dryer
