Residential Income
For Sale
$330,000
11655 CHESTERFIELD COURT Unit E, Reston, VA 20190
Updated two-bedroom condo with a private balcony and full-sized in-unit laundry.
Property Size837 SF
Price / SF$394.27
Days on Market37
Property Features for 11655 CHESTERFIELD COURT Unit E
General Information
Standard status
Active
Size
837 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,655
Amenities
private balcony
in-unit washer and dryer
pool
EV charging stations
basketball court
exercise space
Building Details
Building Size
837 SF
Year Built
1985
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Michael D Parmelee
(570) 406-3217
Source:
Canopy-re
Added: Sep 29
Changed: Nov 2
Last Checked: Nov 3 at 6:10AM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 837-square-foot condominium in Parcreston has two bedrooms and one bathroom, with a private balcony accessed through a sliding glass door. Recent interior work includes new carpeting, countertops, a refreshed bathtub, and updated appliances. A utility closet houses a full-sized washer and dryer. The building dates to 1985.
The property is less than half a mile from the W&OD Trail and under a mile from the Silver Line Metro. Lake Anne and Reston Town Center amenities are nearby, while shops and dining are directly across the street. Community facilities include an in-ground pool, basketball court, exercise space, EV charging stations, guest parking, and green areas.
The property is less than half a mile from the W&OD Trail and under a mile from the Silver Line Metro. Lake Anne and Reston Town Center amenities are nearby, while shops and dining are directly across the street. Community facilities include an in-ground pool, basketball court, exercise space, EV charging stations, guest parking, and green areas.
Key Highlights
- 837‑square‑foot condominium with 2 bedrooms and 1 bathroom
- Private balcony and full‑sized in‑unit washer and dryer
- Recent updates include carpeting, countertops, bathtub, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,529
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,580
$250.6K
Cap Rate 7%
$178,986
$179.0K
Cap Rate 9%
$139,211
$139.2K
Market Conditions
NOI Build-Up for 837 SF
Gross rent
$24.1K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$22.8K $27.22/SF
− OpEx
−$10.3K −$12.25/SF
NOI
$12.5K $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%
$250,580
Cap Rate 7%
$178,986
Cap Rate 9%
$139,211
Alternative Uses
Best Use
Apartment 5plus
$179.0K
$156.6K – $208.8K
NOI $12,529 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.51M
$3.07M – $4.09M
NOI $245,595 @ 7.0% cap · market cap 74.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,938
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-bedroom condo with a private balcony and full-sized in-unit laundry.
Where is this residential income property located?
The property is located at 11655 CHESTERFIELD COURT Unit E Reston, VA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 837‑square‑foot condominium with 2 bedrooms and 1 bathroom; Private balcony and full‑sized in‑unit washer and dryer; Recent updates include carpeting, countertops, bathtub, and appliances
