Two-Bedroom Apartment with
For Sale
$285,000
10570 MAIN STREET Unit 404, Fairfax, VA 22030
Residents have access to a fitness center and outdoor pool, along with assigned parking.
Property Size940 SF
Price / SF$303.19
Days on Market86
Property Features for 10570 MAIN STREET Unit 404
General Information
Standard status
Active
Size
940 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,082
Amenities
in-unit laundry
fitness center
outdoor pool
Building Details
Building Size
940 SF
Year Built
1964
Listing Agency:
Samson Properties
Listed By:
Travis L Pugh · License #0225225164
(202) 361-9696
Source:
Irvinrealtyllc
Added: Aug 8
Changed: Oct 30
Last Checked: Oct 28 at 1:58AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 940-square-foot apartment in Fairfax has two bedrooms and one bathroom. Built in 1964, the residence includes in-unit laundry. The association covers utilities and maintenance.
Community amenities include a fitness center, an outdoor pool, and assigned parking. The property is near the George Mason University campus, with parks, shops, cafés, and restaurants in the surrounding area.
Community amenities include a fitness center, an outdoor pool, and assigned parking. The property is near the George Mason University campus, with parks, shops, cafés, and restaurants in the surrounding area.
Key Highlights
- 940‑square‑foot apartment with two bedrooms and one bathroom
- In‑unit laundry
- Community fitness center and outdoor pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,071
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,420
$281.4K
Cap Rate 7%
$201,014
$201.0K
Cap Rate 9%
$156,344
$156.3K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$27.1K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.6K $27.22/SF
− OpEx
−$11.5K −$12.25/SF
NOI
$14.1K $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%
$281,420
Cap Rate 7%
$201,014
Cap Rate 9%
$156,344
Alternative Uses
Best Use
Apartment 5plus
$201.0K
$175.9K – $234.5K
NOI $14,071 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.94M
$3.45M – $4.60M
NOI $275,817 @ 7.0% cap · market cap 96.78%
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
3,750
Businesses Nearby
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Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a fitness center and outdoor pool, along with assigned parking.
Where is this residential income property located?
The property is located at 10570 MAIN STREET Unit 404 Fairfax, VA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 940‑square‑foot apartment with two bedrooms and one bathroom; In‑unit laundry; Community fitness center and outdoor pool
