Top-Floor Residential Income
For Sale
$370,000
12001 TALIESIN PLACE Unit 36, Reston, VA 20190
A two-bedroom home pairs vaulted ceilings and hardwood floors with an in-unit washer and dryer.
Property Size925 SF
Price / SF$400
Days on Market41
Property Features for 12001 TALIESIN PLACE Unit 36
General Information
Standard status
Active
Size
925 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,337
Amenities
outdoor swimming pool
hot tub
fitness center
clubhouse
car wash station
Building Details
Building Size
925 SF
Year Built
1993
Listing Agency:
EXP Realty, LLC
Listed By:
Nadia F Khan · License #0225214732
(571) 283-8131
Source:
Catoctinproperties
Added: Sep 25
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 925-square-foot, top-floor condominium in Oak Park has two bedrooms and one bathroom. Interior features include hardwood flooring, vaulted ceilings, a gas fireplace, and a kitchen with granite countertops, stainless steel appliances, a built-in microwave, and a breakfast bar. The primary bedroom has a walk-in closet, and the unit includes a washer and dryer. A covered L-shaped balcony extends the living area. Built in 1993, the property also has access to an outdoor pool, hot tub, fitness center, clubhouse, and car wash station. Two resident parking hang tags are assigned to each unit, with visitor parking also available. Dogs and cats are welcome.
The home is across from Reston Town Center, with shops, restaurants, a cinema, and the Pavilion nearby. Reston Hospital Center is a four-minute walk away, and the Silver Line station at Reston Town Center connects the area with Tysons, Dulles, and Washington, DC. The W&OD Trail and Reston Association trail network offer additional nearby recreation options.
The home is across from Reston Town Center, with shops, restaurants, a cinema, and the Pavilion nearby. Reston Hospital Center is a four-minute walk away, and the Silver Line station at Reston Town Center connects the area with Tysons, Dulles, and Washington, DC. The W&OD Trail and Reston Association trail network offer additional nearby recreation options.
Key Highlights
- Top‑floor, two‑bedroom, one‑bathroom condo with 925 square feet
- Covered L‑shaped balcony, gas fireplace, vaulted ceilings, and hardwood flooring
- Kitchen includes granite countertops, stainless steel appliances, built‑in microwave, and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,846
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,920
$276.9K
Cap Rate 7%
$197,800
$197.8K
Cap Rate 9%
$153,844
$153.8K
Market Conditions
NOI Build-Up for 925 SF
Gross rent
$26.6K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.2K $27.22/SF
− OpEx
−$11.3K −$12.25/SF
NOI
$13.8K $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%
$276,920
Cap Rate 7%
$197,800
Cap Rate 9%
$153,844
Alternative Uses
Best Use
Apartment 5plus
$197.8K
$173.1K – $230.8K
NOI $13,846 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.88M
$3.39M – $4.52M
NOI $271,416 @ 7.0% cap · market cap 73.36%
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
4,181
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 - A two-bedroom home pairs vaulted ceilings and hardwood floors with an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 12001 TALIESIN PLACE Unit 36 Reston, VA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Top‑floor, two‑bedroom, one‑bathroom condo with 925 square feet; Covered L‑shaped balcony, gas fireplace, vaulted ceilings, and hardwood flooring; Kitchen includes granite countertops, stainless steel appliances, built‑in microwave, and breakfast bar
