Two-Level Residential Income
11349 ARISTOTLE DRIVE Unit 6-301, Fairfax, VA 22030
For Sale
$439,999
The condominium includes a detached garage, driveway parking, and access to shared recreation and fitness amenities.
Property Size1,200 SF
Price / SF$366.67
Days on Market83
Property Features for 11349 ARISTOTLE DRIVE Unit 6-301
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
outdoor pool
fitness center
clubhouse with billiards room
business center
party room
playgrounds
picnic areas
scenic walking paths
walk-in closets
Building Details
Building Size
Year Built
Listing Agency:
Westgate Realty Group, Inc.
Listed By:
Peter Huynh · License #0225064569
(703) 409-0685
Source:
Wasingerco
Added: Aug 19
Changed: Nov 2
Last Checked: Nov 8 at 10:46AM
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 Westgate Realty Group, Inc.
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Investment Insights
Based on property information with market context.
This two-level, townhome-style condominium offers 1,200 square feet with two bedrooms, walk-in closets, and two recently updated bathrooms. The kitchen has stainless steel appliances, and the home was freshly painted. A detached garage and driveway parking provide private parking; the HVAC system was replaced in 2023. The property was built in 2003.
Community amenities include an outdoor pool, fitness center, clubhouse with billiards room, business center, party room, playgrounds, picnic areas, and walking paths. Nearby destinations include Fair Oaks Mall, Fairfax Corner, the Government Center, and George Mason University. Fairfax Connector bus service and access to I-66, Route 50, and Route 29 are also noted.
Community amenities include an outdoor pool, fitness center, clubhouse with billiards room, business center, party room, playgrounds, picnic areas, and walking paths. Nearby destinations include Fair Oaks Mall, Fairfax Corner, the Government Center, and George Mason University. Fairfax Connector bus service and access to I-66, Route 50, and Route 29 are also noted.
Key Highlights
- 1,200‑square‑foot, two‑level townhome‑style condominium
- Two bedrooms, each with a walk‑in closet
- Two updated bathrooms and stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,963
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,260
$359.3K
Cap Rate 7%
$256,614
$256.6K
Cap Rate 9%
$199,589
$199.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$34.6K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$32.7K $27.22/SF
− OpEx
−$14.7K −$12.25/SF
NOI
$18.0K $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%
$359,260
Cap Rate 7%
$256,614
Cap Rate 9%
$199,589
Alternative Uses
Best Use
Apartment 5plus
$256.6K
$224.5K – $299.4K
NOI $17,963 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$666.5K
$583.2K – $777.6K
NOI $46,656 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,677
Businesses Nearby
Explore this area
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 - The condominium includes a detached garage, driveway parking, and access to shared recreation and fitness amenities.
Where is this residential income property located?
The property is located at 11349 ARISTOTLE DRIVE Unit 6-301 Fairfax, VA.
What is the asking price?
The asking price for this property is $439,999.
What are key features of this property?
This property features: 1,200‑square‑foot, two‑level townhome‑style condominium; Two bedrooms, each with a walk‑in closet; Two updated bathrooms and stainless steel kitchen appliances
