Two-Bedroom Residential Income
For Sale
$435,000
11379 ARISTOTLE DRIVE Unit 10-207, Fairfax, VA 22030
The 2003 unit has an open living area, gas cooking, quartz countertops, and a dedicated parking space.
Property Size1,144 SF
Price / SF$380.24
Days on Market121
Property Features for 11379 ARISTOTLE DRIVE Unit 10-207
General Information
Standard status
Active
Size
1,144 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
1
Additional Details
HOA Fee
$325
Taxes and HOA fees
Annual Taxes
$4,588
Amenities
swimming pool
fitness center
billiards room
game room
media and recreation lounge
clubhouse
Building Details
Building Size
1,144 SF
Year Built
2003
Listing Agency:
Gaja Realty
Listed By:
Selvathambi Gangadhar · License #0225257513
(703) 347-4978
Source:
Mxwrealestate
Added: Jul 3
Changed: Oct 30
Last Checked: Oct 29 at 11:37PM
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 Gaja Realty
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Investment Insights
Based on property information with market context.
This 1,144-square-foot condo was built in 2003 and offers two bedrooms and two bathrooms. Its open-concept living area has high ceilings and natural light, while the kitchen features quartz countertops, stainless steel appliances, and gas cooking. A new AC unit and one dedicated parking space, identified as #292, are included.
Community amenities include a swimming pool, fitness center, billiards and game rooms, a media and recreation lounge, and a clubhouse. The association is responsible for the roof. The property is near the Vienna/Fairfax-GMU Metro Station and has access to I-66, Route 50, and Route 29. Fair Oaks Mall and Fairfax Corner are nearby.
Community amenities include a swimming pool, fitness center, billiards and game rooms, a media and recreation lounge, and a clubhouse. The association is responsible for the roof. The property is near the Vienna/Fairfax-GMU Metro Station and has access to I-66, Route 50, and Route 29. Fair Oaks Mall and Fairfax Corner are nearby.
Key Highlights
- Two‑bedroom, two‑bathroom condo with 1,144 square feet
- Built in 2003; includes a new AC unit
- Kitchen has quartz countertops, stainless steel appliances, and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,124
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,480
$342.5K
Cap Rate 7%
$244,629
$244.6K
Cap Rate 9%
$190,267
$190.3K
Market Conditions
NOI Build-Up for 1,144 SF
Gross rent
$32.9K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$31.1K $27.22/SF
− OpEx
−$14.0K −$12.25/SF
NOI
$17.1K $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%
$342,480
Cap Rate 7%
$244,629
Cap Rate 9%
$190,267
Alternative Uses
Best Use
Apartment 5plus
$244.6K
$214.1K – $285.4K
NOI $17,124 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.80M
$4.20M – $5.59M
NOI $335,675 @ 7.0% cap · market cap 77.17%
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
2,086
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 2003 unit has an open living area, gas cooking, quartz countertops, and a dedicated parking space.
Where is this residential income property located?
The property is located at 11379 ARISTOTLE DRIVE Unit 10-207 Fairfax, VA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condo with 1,144 square feet; Built in 2003; includes a new AC unit; Kitchen has quartz countertops, stainless steel appliances, and gas cooking
