Residential Income Property with
For Sale
$568,000
12025 NEW DOMINION PARKWAY Unit 204, Reston, VA 20190
Renovated condominium residence with two full baths, high ceilings, private outdoor space, and assigned underground parking.
Property Size1,310 SF
Price / SF$433.59
Days on Market63
Property Features for 12025 NEW DOMINION PARKWAY Unit 204
General Information
Standard status
Active
Size
1,310 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR+den/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,740
Amenities
concierge service
fitness center
rooftop terrace
resident lounge
private storage unit
Building Details
Building Size
1,310 SF
Year Built
2007
Listing Agency:
Real Broker, LLC
Listed By:
Shellie M Hanlon · License #0225221000
(703) 581-2511
Source:
Kerishull
Added: Sep 3
Changed: Oct 31
Last Checked: Nov 3 at 10:50AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This 1,310-square-foot condominium residence includes one bedroom, a den, two full baths, and an open living and dining area. The interior features 11-foot ceilings, floor-to-ceiling windows, wide-plank flooring, custom window treatments, and a renovated kitchen with stainless steel appliances. The primary suite has a private balcony, organized closet, and ensuite bath with dual vanities, a glass-enclosed shower, separate soaking tub, and private water closet. The den provides additional flexible interior space, with a second full bath nearby.
The property includes two side-by-side assigned underground garage parking spaces near the elevators and a private storage unit. Building amenities include concierge service, a fitness center, rooftop terrace, resident lounge, semi-private entrance, and elevator access. Reston Town Center restaurants, cafes, shopping, entertainment, and nightlife are within walking distance, while the Silver Line Metro provides access toward Tysons, Washington, D.C., and Dulles International Airport.
The property includes two side-by-side assigned underground garage parking spaces near the elevators and a private storage unit. Building amenities include concierge service, a fitness center, rooftop terrace, resident lounge, semi-private entrance, and elevator access. Reston Town Center restaurants, cafes, shopping, entertainment, and nightlife are within walking distance, while the Silver Line Metro provides access toward Tysons, Washington, D.C., and Dulles International Airport.
Key Highlights
- 1,310‑square‑foot condominium with one bedroom, den, and two full baths
- 11‑foot ceilings and floor‑to‑ceiling windows
- Primary suite includes private balcony and ensuite bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,609
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,180
$392.2K
Cap Rate 7%
$280,129
$280.1K
Cap Rate 9%
$217,878
$217.9K
Market Conditions
NOI Build-Up for 1,310 SF
Gross rent
$37.7K $28.80/SF
− Vacancy
−$2.1K −$1.58/SF
EGI
$35.7K $27.22/SF
− OpEx
−$16.0K −$12.25/SF
NOI
$19.6K $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%
$392,180
Cap Rate 7%
$280,129
Cap Rate 9%
$217,878
Alternative Uses
Best Use
Apartment 5plus
$280.1K
$245.1K – $326.8K
NOI $19,609 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.49M
$4.80M – $6.41M
NOI $384,383 @ 7.0% cap · market cap 67.67%
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 - Renovated condominium residence with two full baths, high ceilings, private outdoor space, and assigned underground parking.
Where is this residential income property located?
The property is located at 12025 NEW DOMINION PARKWAY Unit 204 Reston, VA.
What is the asking price?
The asking price for this property is $568,000.
What are key features of this property?
This property features: 1,310‑square‑foot condominium with one bedroom, den, and two full baths; 11‑foot ceilings and floor‑to‑ceiling windows; Primary suite includes private balcony and ensuite bath
