Three-Bedroom Residential Income
For Sale
$299,000
11228 CHESTNUT GROVE SQUARE Unit 132, Reston, VA 20190
Ground-level living includes a private patio and a single-level layout without interior stairs.
Property Size1,330 SF
Price / SF$224.81
Days on Market196
Property Features for 11228 CHESTNUT GROVE SQUARE Unit 132
General Information
Standard status
Active
Size
1,330 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,747
Building Details
Building Size
1,330 SF
Year Built
1972
Listing Agency:
Compass
Listed By:
Graham Tracey · License #0225242733
(703) 862-1433
Source:
Horsefarmsandcountryhomes
Added: Apr 23
Changed: Oct 27
Last Checked: Nov 3 at 7:42AM
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 Compass
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Investment Insights
Based on property information with market context.
This ground-level condominium offers 1,330 square feet on one level, with three bedrooms and two bathrooms. The living and dining areas share an open layout, while the kitchen has room for a table. A private patio extends the living space outdoors. The community’s low-rise buildings retain mid-century modern architecture and are set among mature trees and open lawns.
Residents can walk to the Wiehle-Reston East Metro station and nearby restaurants. Lake Fairfax Park borders the community, and the W&OD Trail is just outside it. Reston Town Center is a short drive away, while Dulles Airport is about 12 minutes away.
The condominium fee covers heat, air conditioning, water, sewer, and trash.
Residents can walk to the Wiehle-Reston East Metro station and nearby restaurants. Lake Fairfax Park borders the community, and the W&OD Trail is just outside it. Reston Town Center is a short drive away, while Dulles Airport is about 12 minutes away.
The condominium fee covers heat, air conditioning, water, sewer, and trash.
Key Highlights
- 1,330‑square‑foot, single‑level home with no stairs
- Three bedrooms and two bathrooms
- Private patio and kitchen with space for a table
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,909
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,180
$398.2K
Cap Rate 7%
$284,414
$284.4K
Cap Rate 9%
$221,211
$221.2K
Market Conditions
NOI Build-Up for 1,330 SF
Gross rent
$38.3K $28.80/SF
− Vacancy
−$2.1K −$1.58/SF
EGI
$36.2K $27.22/SF
− OpEx
−$16.3K −$12.25/SF
NOI
$19.9K $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%
$398,180
Cap Rate 7%
$284,414
Cap Rate 9%
$221,211
Alternative Uses
Best Use
Apartment 5plus
$284.4K
$248.9K – $331.8K
NOI $19,909 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.58M
$4.88M – $6.50M
NOI $390,252 @ 7.0% cap · market cap 130.52%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,398
Businesses Nearby
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Business Placement
Demographics for 20190, VA
20,957
Population
12,180
Households
1.7
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,763
Density / Sq Mi
$126,928
Median Household Income
$83,750
Median Earnings
$2,241
Median Rent
$568,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level living includes a private patio and a single-level layout without interior stairs.
Where is this residential income property located?
The property is located at 11228 CHESTNUT GROVE SQUARE Unit 132 Reston, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,330‑square‑foot, single‑level home with no stairs; Three bedrooms and two bathrooms; Private patio and kitchen with space for a table
