Two-Bedroom Residential Income
For Sale
$399,900
12003 RIDGE KNOLL DRIVE Unit 10, Fairfax, VA 22033
A sunroom, balcony, and wood-burning fireplace complement renovated bathrooms and updated kitchen finishes.
Property Size1,240 SF
Price / SF$322.50
Days on Market16
Property Features for 12003 RIDGE KNOLL DRIVE Unit 10
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,430
Amenities
pool
fitness center
clubhouse
tennis and pickleball courts
basketball courts
playground
wood-burning fireplace
sunroom
balcony
Building Details
Building Size
1,240 SF
Year Built
1988
Listing Agency:
Keller Williams Realty
Listed By:
Jennifer D Young · License #0225061689
(703) 956-5128
Source:
Catoctinproperties
Added: Oct 12
Changed: Oct 26
Last Checked: Oct 26 at 3:55PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1988, this 1,240-square-foot residence has two bedrooms and two bathrooms. The living area includes a wood-burning fireplace, while a sunroom connects to a balcony with a wooded outlook. The kitchen has quartz countertops, GE Cafe stainless steel appliances, and LVT flooring. The primary suite includes two closets with custom systems and an updated bathroom with a shower; the second bathroom has also been renovated.
Community amenities include a pool, fitness center, clubhouse, tennis and pickleball courts, basketball courts, and a playground. Penderbrook Golf Club is also nearby, and the property offers access to major commuter routes.
Community amenities include a pool, fitness center, clubhouse, tennis and pickleball courts, basketball courts, and a playground. Penderbrook Golf Club is also nearby, and the property offers access to major commuter routes.
Key Highlights
- Two bedrooms and two bathrooms across 1,240 square feet
- Wood‑burning fireplace, sunroom, and balcony with a wooded outlook
- Kitchen features quartz countertops, GE Cafe stainless steel appliances, and LVT flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,561
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,220
$371.2K
Cap Rate 7%
$265,157
$265.2K
Cap Rate 9%
$206,233
$206.2K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$35.7K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$33.7K $27.22/SF
− OpEx
−$15.2K −$12.25/SF
NOI
$18.6K $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%
$371,220
Cap Rate 7%
$265,157
Cap Rate 9%
$206,233
Alternative Uses
Best Use
Apartment 5plus
$265.2K
$232.0K – $309.4K
NOI $18,561 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.20M
$4.55M – $6.06M
NOI $363,844 @ 7.0% cap · market cap 90.98%
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
1,506
Businesses Nearby
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Business Placement
Demographics for 22033, VA
40,692
Population
16,057
Households
2.5
Avg Household Size
37
Median Age
67%
College-Educated
95%
High-School Grad
7.8 sq mi
ZIP Area
5,217
Density / Sq Mi
$134,532
Median Household Income
$75,231
Median Earnings
$2,253
Median Rent
$621,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A sunroom, balcony, and wood-burning fireplace complement renovated bathrooms and updated kitchen finishes.
Where is this residential income property located?
The property is located at 12003 RIDGE KNOLL DRIVE Unit 10 Fairfax, VA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two bedrooms and two bathrooms across 1,240 square feet; Wood‑burning fireplace, sunroom, and balcony with a wooded outlook; Kitchen features quartz countertops, GE Cafe stainless steel appliances, and LVT flooring
