Residential Income Property with
For Sale
$339,000
10248 APPALACHIAN CIRCLE Unit 1-D3, Oakton, VA 22124
This corner condominium combines two bedrooms, an updated kitchen, elevator access, and shared recreation amenities.
Property Size1,250 SF
Price / SF$271.20
Days on Market31
Property Features for 10248 APPALACHIAN CIRCLE Unit 1-D3
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,770
Building Details
Building Size
1,250 SF
Year Built
1986
Listing Agency:
Redfin Corporation
Listed By:
Anthony H Lam · License #0225204747
(703) 447-1061
Source:
Mxwrealestate
Added: Sep 30
Changed: Oct 30
Last Checked: Oct 30 at 1:47AM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
At 1,250 square feet, this two-bedroom condominium has a corner layout with a living room fireplace, private balcony, and kitchen opening to the dining area. The kitchen includes wood cabinetry, granite counters, and updated stainless steel appliances. A walk-in closet with built-in organizers serves the primary bedroom, and the building has an elevator. The unit’s HVAC system is new; the property was built in 1986.
Community amenities include a swimming pool, fitness center, common grounds, and parking. Tennis courts, a playground, and a basketball court are also nearby. A bus stop sits in front of the community, with access to the Vienna/Fairfax-GMU Metro. I-66, Route 123, downtown Vienna, Oakmont Recreation Center, Nottoway Park, shops, and dining are within reach.
Community amenities include a swimming pool, fitness center, common grounds, and parking. Tennis courts, a playground, and a basketball court are also nearby. A bus stop sits in front of the community, with access to the Vienna/Fairfax-GMU Metro. I-66, Route 123, downtown Vienna, Oakmont Recreation Center, Nottoway Park, shops, and dining are within reach.
Key Highlights
- Two‑bedroom corner condominium with 1,250 square feet
- Private balcony and living room wood‑burning fireplace
- Kitchen with granite countertops and updated stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,711
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,220
$374.2K
Cap Rate 7%
$267,300
$267.3K
Cap Rate 9%
$207,900
$207.9K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$36.0K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$34.0K $27.22/SF
− OpEx
−$15.3K −$12.25/SF
NOI
$18.7K $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%
$374,220
Cap Rate 7%
$267,300
Cap Rate 9%
$207,900
Alternative Uses
Best Use
Apartment 5plus
$267.3K
$233.9K – $311.9K
NOI $18,711 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.24M
$4.58M – $6.11M
NOI $366,778 @ 7.0% cap · market cap 108.19%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
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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 - This corner condominium combines two bedrooms, an updated kitchen, elevator access, and shared recreation amenities.
Where is this residential income property located?
The property is located at 10248 APPALACHIAN CIRCLE Unit 1-D3 Oakton, VA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two‑bedroom corner condominium with 1,250 square feet; Private balcony and living room wood‑burning fireplace; Kitchen with granite countertops and updated stainless steel appliances
