Two-Bedroom Condo
For Sale
$279,000
11620 VANTAGE HILL ROAD Unit 22B, Reston, VA 20190
Utilities are included, with shared laundry in the building and two parking options.
Property Size998 SF
Price / SF$279.56
Days on Market178
Property Features for 11620 VANTAGE HILL ROAD Unit 22B
General Information
Standard status
Active
Size
998 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1FB/1HB
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,370
Amenities
grills
walking paths
biking paths
gazebo
pool
laundry room
Building Details
Building Size
998 SF
Year Built
1967
Listing Agency:
Ikon Realty
Listed By:
Puneet Bhagi · License #225178862
(703) 346-2293
Source:
Catoctinproperties
Added: May 11
Changed: Oct 27
Last Checked: Nov 3 at 6:16AM
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 Ikon Realty
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Investment Insights
Based on property information with market context.
This 998-square-foot condominium was built in 1967 and has two bedrooms, one full bathroom, and one half bathroom. Utilities are included. Shared laundry is located on the building’s lower level, and parking consists of one assigned space plus access to one permit space.
Community amenities include a pool, gazebo, grills, and walking and biking paths. The unit is minutes from Silverline Metro, Reston Town Center, and Lake Anne Center.
Community amenities include a pool, gazebo, grills, and walking and biking paths. The unit is minutes from Silverline Metro, Reston Town Center, and Lake Anne Center.
Key Highlights
- 998‑square‑foot condominium with 2 bedrooms, 1 full bathroom, and 1 half bathroom
- Utilities included
- One assigned parking space and one permit space available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,939
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,780
$298.8K
Cap Rate 7%
$213,414
$213.4K
Cap Rate 9%
$165,989
$166.0K
Market Conditions
NOI Build-Up for 998 SF
Gross rent
$28.7K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$27.2K $27.22/SF
− OpEx
−$12.2K −$12.25/SF
NOI
$14.9K $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%
$298,780
Cap Rate 7%
$213,414
Cap Rate 9%
$165,989
Alternative Uses
Best Use
Apartment 5plus
$213.4K
$186.7K – $249.0K
NOI $14,939 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.18M
$3.66M – $4.88M
NOI $292,836 @ 7.0% cap · market cap 104.96%
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
1,160
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 - Utilities are included, with shared laundry in the building and two parking options.
Where is this residential income property located?
The property is located at 11620 VANTAGE HILL ROAD Unit 22B Reston, VA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 998‑square‑foot condominium with 2 bedrooms, 1 full bathroom, and 1 half bathroom; Utilities included; One assigned parking space and one permit space available
