Residential Income Property with
For Sale
$340,000
Pending
10302 APPALACHIAN CIRCLE Unit 8-108, Oakton, VA 22124
This single-level condominium combines an open living and dining area with in-unit laundry and community pool and fitness amenities.
Property Size986 SF
Days on Market25
Property Features for 10302 APPALACHIAN CIRCLE Unit 8-108
General Information
Standard status
Pending
Size
986 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,554
Amenities
swimming pool
fitness center
private balcony
wood-burning fireplace
in-unit laundry
Building Details
Building Size
986 SF
Year Built
1987
Listing Agency:
Redfin Corporation
Listed By:
Paramjit K Bhamrah · License #225059072
(703) 627-1963
Source:
Canopy-re
Added: Oct 8
Changed: Oct 26
Last Checked: Oct 31 at 12:07PM
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
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This 986-square-foot, first-floor condominium was built in 1987 and has two bedrooms and one full bathroom. Its open living and dining space features bamboo flooring and a wood-burning fireplace, with access to a private balcony facing a wooded area. The kitchen includes granite countertops, stainless steel appliances, and a breakfast bar; laundry is located inside the unit. The water heater was replaced in 2023, and the washer and kitchen appliances were updated in 2024.
The community offers a swimming pool and fitness center. The property is in Oakton, Virginia, near major commuter routes, shopping, dining, and everyday services.
The community offers a swimming pool and fitness center. The property is in Oakton, Virginia, near major commuter routes, shopping, dining, and everyday services.
Key Highlights
- 986‑square‑foot, first‑floor condominium with two bedrooms and one full bathroom
- Private balcony faces a wooded area
- Open living and dining space with bamboo flooring and a wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,759
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,180
$295.2K
Cap Rate 7%
$210,843
$210.8K
Cap Rate 9%
$163,989
$164.0K
Market Conditions
NOI Build-Up for 986 SF
Gross rent
$28.4K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$26.8K $27.22/SF
− OpEx
−$12.1K −$12.25/SF
NOI
$14.8K $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%
$295,180
Cap Rate 7%
$210,843
Cap Rate 9%
$163,989
Alternative Uses
Best Use
Apartment 5plus
$210.8K
$184.5K – $246.0K
NOI $14,759 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.13M
$3.62M – $4.82M
NOI $289,315 @ 7.0% cap · market cap 85.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
607
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 - This single-level condominium combines an open living and dining area with in-unit laundry and community pool and fitness amenities.
Where is this residential income property located?
The property is located at 10302 APPALACHIAN CIRCLE Unit 8-108 Oakton, VA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 986‑square‑foot, first‑floor condominium with two bedrooms and one full bathroom; Private balcony faces a wooded area; Open living and dining space with bamboo flooring and a wood‑burning fireplace
