Top-Floor Three-Bedroom
For Sale
$460,000
11397 ARISTOTLE DRIVE Unit 11-409, Fairfax, VA 22030
An updated residence combines an open layout, private balcony, and two assigned parking spaces.
Property Size1,332 SF
Price / SF$345.35
Days on Market137
Property Features for 11397 ARISTOTLE DRIVE Unit 11-409
General Information
Standard status
Active
Size
1,332 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,594
Amenities
gas fireplace
private balcony
gated community
outdoor pool
fitness center
clubhouse
business center
media room
game room
Building Details
Building Size
1,332 SF
Year Built
2003
Listing Agency:
Compass
Listed By:
Horse Farms & Country Homes
(703) 966-9480
Source:
Horsefarmsandcountryhomes
Added: Jun 13
Changed: Oct 27
Last Checked: Oct 27 at 3:35AM
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 1,332-square-foot condominium was built in 2003 and is located on the building’s fourth floor, accessed by stairs. The three-bedroom, two-bath layout includes an open living area, gas fireplace, kitchen with granite counters and stainless steel appliances, and a private balcony. Walk-in closets serve each bedroom. Improvements include updated bathroom vanities and mirrors, newer HVAC equipment, a tankless water heater, and a newer dishwasher.
Residents have access to a gated community’s outdoor pool, fitness center, clubhouse, business center, media room, and game room. Two assigned parking spaces are included. The property is near Fair Oaks Mall, Fairfax Corner, Wegmans, Costco, Whole Foods, H-Mart, dining, and entertainment, with access to I-66, Route 50, and Route 29.
Residents have access to a gated community’s outdoor pool, fitness center, clubhouse, business center, media room, and game room. Two assigned parking spaces are included. The property is near Fair Oaks Mall, Fairfax Corner, Wegmans, Costco, Whole Foods, H-Mart, dining, and entertainment, with access to I-66, Route 50, and Route 29.
Key Highlights
- 1,332‑square‑foot, three‑bedroom, two‑bath condominium
- Fourth‑floor unit with private balcony and gas fireplace
- Two assigned parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,938
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,760
$398.8K
Cap Rate 7%
$284,829
$284.8K
Cap Rate 9%
$221,533
$221.5K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$38.4K $28.80/SF
− Vacancy
−$2.1K −$1.58/SF
EGI
$36.3K $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%
$398,760
Cap Rate 7%
$284,829
Cap Rate 9%
$221,533
Alternative Uses
Best Use
Apartment 5plus
$284.8K
$249.2K – $332.3K
NOI $19,938 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.58M
$4.89M – $6.51M
NOI $390,839 @ 7.0% cap · market cap 84.97%
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 - An updated residence combines an open layout, private balcony, and two assigned parking spaces.
Where is this residential income property located?
The property is located at 11397 ARISTOTLE DRIVE Unit 11-409 Fairfax, VA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 1,332‑square‑foot, three‑bedroom, two‑bath condominium; Fourth‑floor unit with private balcony and gas fireplace; Two assigned parking spaces
