Residential Income Property with Garage
12025 NEW DOMINION PARKWAY Unit 313, Reston, VA 20190
For Sale
$735,000
The corner residence offers two bedrooms, two baths, and two-car garage parking within a full-service condominium.
Property Size1,421 SF
Price / SF$517.24
Days on Market64
Property Features for 12025 NEW DOMINION PARKWAY Unit 313
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
concierge services
fitness and recreation amenities
security
Building Details
Building Size
Year Built
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Jennifer Toole Jo · License #0225228712
(703) 489-0935
Source:
Signaturemoverealestate
Added: Sep 7
Changed: Nov 7
Last Checked: Nov 8 at 10:12AM
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 TTR Sotheby's International Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,421-square-foot corner residence at Midtown North has two bedrooms and two baths, with expansive windows and high ceilings. Its open living and dining area connects to a kitchen with an island, gas cooking, and abundant cabinetry. The primary suite includes a private bath and generous closet space; a second bedroom and full bath provide additional room for varied needs. The property was built in 2007 and includes two-car garage parking.
The condominium provides concierge services, fitness and recreation amenities, and security. Reston Town Center’s restaurants, shops, and entertainment are nearby, along with Metro access and major commuter routes. A qualified buyer may be eligible to assume the seller’s 2.25% VA mortgage, subject to lender approval and applicable eligibility requirements.
The condominium provides concierge services, fitness and recreation amenities, and security. Reston Town Center’s restaurants, shops, and entertainment are nearby, along with Metro access and major commuter routes. A qualified buyer may be eligible to assume the seller’s 2.25% VA mortgage, subject to lender approval and applicable eligibility requirements.
Key Highlights
- 1,421‑square‑foot corner residence with two bedrooms and two baths
- Two‑car garage parking
- Kitchen features an island, gas cooking, and abundant cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,271
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$425,420
$425.4K
Cap Rate 7%
$303,871
$303.9K
Cap Rate 9%
$236,344
$236.3K
Market Conditions
NOI Build-Up for 1,421 SF
Gross rent
$40.9K $28.80/SF
− Vacancy
−$2.3K −$1.58/SF
EGI
$38.7K $27.22/SF
− OpEx
−$17.4K −$12.25/SF
NOI
$21.3K $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%
$425,420
Cap Rate 7%
$303,871
Cap Rate 9%
$236,344
Alternative Uses
Best Use
Apartment 5plus
$303.9K
$265.9K – $354.5K
NOI $21,271 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$789.3K
$690.6K – $920.8K
NOI $55,248 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,181
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The corner residence offers two bedrooms, two baths, and two-car garage parking within a full-service condominium.
Where is this residential income property located?
The property is located at 12025 NEW DOMINION PARKWAY Unit 313 Reston, VA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 1,421‑square‑foot corner residence with two bedrooms and two baths; Two‑car garage parking; Kitchen features an island, gas cooking, and abundant cabinetry
