3-Bedroom Residential Income
For Sale
$349,900
1046 MARGATE COURT Unit A, Sterling, VA 20164
The one-level condominium includes two full bathrooms and a private patio with an attached storage shed.
Property Size1,302 SF
Price / SF$268.74
Days on Market34
Property Features for 1046 MARGATE COURT Unit A
General Information
Standard status
Active
Size
1,302 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Additional Details
Asking Price
$349,900
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,626
Amenities
stainless steel appliances
full-size washer and dryer
private patio
attached storage shed
community pool
clubhouse
walking and jogging paths
tot lots
playgrounds
Building Details
Building Size
1,302 SF
Year Built
1975
Listing Agency:
Keller Williams Realty
Listed By:
Celeste Katz · License #0225204552
(703) 304-9393
Source:
Canopy-re
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 26 at 2:18PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,302-square-foot condominium offers three bedrooms and two full bathrooms on one level. The kitchen has stainless steel appliances and ample cabinet and counter space, with a full-size washer and dryer. Sliding glass doors connect the living and dining area to a private patio with an attached storage shed. The primary bedroom has an ensuite bathroom, while the second bathroom includes a tub and shower. The unit was built in 1975 and received fresh interior paint; its HVAC system and water heater were replaced around 2022.
Two assigned parking spaces are included. Community amenities include a pool, clubhouse, walking and jogging paths, tot lots, and playgrounds. The association provides common-area maintenance, snow removal, and trash service. The property is in Sterling, with access to shopping, dining, and major commuter routes.
Two assigned parking spaces are included. Community amenities include a pool, clubhouse, walking and jogging paths, tot lots, and playgrounds. The association provides common-area maintenance, snow removal, and trash service. The property is in Sterling, with access to shopping, dining, and major commuter routes.
Key Highlights
- Three‑bedroom, two‑bath condominium with 1,302 square feet
- Private patio and attached storage shed
- HVAC system and water heater replaced around 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,306
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,120
$406.1K
Cap Rate 7%
$290,086
$290.1K
Cap Rate 9%
$225,622
$225.6K
Market Conditions
NOI Build-Up for 1,302 SF
Gross rent
$39.5K $30.36/SF
− Vacancy
−$2.6K −$2.00/SF
EGI
$36.9K $28.36/SF
− OpEx
−$16.6K −$12.76/SF
NOI
$20.3K $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%
$406,120
Cap Rate 7%
$290,086
Cap Rate 9%
$225,622
Alternative Uses
Best Use
Apartment 5plus
$290.1K
$253.8K – $338.4K
NOI $20,306 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$408.0K
$357.0K – $476.1K
NOI $28,563 @ 7.0% cap · market cap 8.16%
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
924
Businesses Nearby
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Business Placement
Demographics for 20164, VA
40,888
Population
13,077
Households
3.1
Avg Household Size
36
Median Age
39%
College-Educated
81%
High-School Grad
7.6 sq mi
ZIP Area
5,380
Density / Sq Mi
$132,067
Median Household Income
$47,315
Median Earnings
$2,031
Median Rent
$526,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-level condominium includes two full bathrooms and a private patio with an attached storage shed.
Where is this residential income property located?
The property is located at 1046 MARGATE COURT Unit A Sterling, VA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bath condominium with 1,302 square feet; Private patio and attached storage shed; HVAC system and water heater replaced around 2022
