Residential Income Property with
New
For Sale
$650,000
11776 STRATFORD HOUSE PLACE Unit 301, Reston, VA 20190
Two balconies, two garage parking spaces, and access to building amenities accompany this Reston residence.
Property Size1,358 SF
Price / SF$478.65
Days on Market4
Property Features for 11776 STRATFORD HOUSE PLACE Unit 301
General Information
Standard status
Active
Size
1,358 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,595
Amenities
electric vehicle charging station
pool
fitness center
W&OD trail
in-unit washer & dryer
gas fireplace
balcony
Building Details
Building Size
1,358 SF
Year Built
2001
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Pamela A Jones · License #0225003072
(703) 726-3405
Source:
Kerishull
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 16 at 3:05PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,358-square-foot residence has two bedrooms and two full bathrooms, with hardwood flooring throughout. The kitchen includes stainless steel appliances, recessed lighting, and a breakfast area adjoining the living and dining spaces. A gas fireplace, built-in shelving, crown molding, and in-unit stacked washer and dryer complete the interior. The primary suite features a walk-in closet, double vanities, a separate shower, and a soaking tub. Both bedrooms have balcony access, and the second bedroom includes built-in closet storage.
The unit conveys with two garage parking spaces and separate garage storage. Building amenities include three elevators, an electric vehicle charging station, a pool, and a fitness center. The W&OD trail runs beside the complex. Reston Town Center is one block away, and the Metro station is three blocks away; the Toll Road is also nearby.
The unit conveys with two garage parking spaces and separate garage storage. Building amenities include three elevators, an electric vehicle charging station, a pool, and a fitness center. The W&OD trail runs beside the complex. Reston Town Center is one block away, and the Metro station is three blocks away; the Toll Road is also nearby.
Key Highlights
- 1,358‑square‑foot residence with two bedrooms and two full bathrooms
- Two balconies, including access from the primary suite
- Two garage parking spaces convey, along with separate garage storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,328
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,560
$406.6K
Cap Rate 7%
$290,400
$290.4K
Cap Rate 9%
$225,867
$225.9K
Market Conditions
NOI Build-Up for 1,358 SF
Gross rent
$39.1K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$37.0K $27.22/SF
− OpEx
−$16.6K −$12.25/SF
NOI
$20.3K $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%
$406,560
Cap Rate 7%
$290,400
Cap Rate 9%
$225,867
Alternative Uses
Best Use
Apartment 5plus
$290.4K
$254.1K – $338.8K
NOI $20,328 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.69M
$4.98M – $6.64M
NOI $398,468 @ 7.0% cap · market cap 61.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,348
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two balconies, two garage parking spaces, and access to building amenities accompany this Reston residence.
Where is this residential income property located?
The property is located at 11776 STRATFORD HOUSE PLACE Unit 301 Reston, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,358‑square‑foot residence with two bedrooms and two full bathrooms; Two balconies, including access from the primary suite; Two garage parking spaces convey, along with separate garage storage
