Residential Income Property with Modern
For Sale
$349,000
12114 GREEN LEAF COURT Unit 202, Fairfax, VA 22033
The unit includes vinyl windows, LVP flooring, updated kitchen finishes, and newer appliances.
Property Size940 SF
Price / SF$371.28
Days on Market68
Property Features for 12114 GREEN LEAF COURT Unit 202
General Information
Standard status
Active
Size
940 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,943
Building Details
Building Size
940 SF
Year Built
1988
Listing Agency:
Pacific Realty
Listed By:
Ki S Yoon · License #0225075463
(703) 989-8877
Source:
Catoctinproperties
Added: Aug 21
Changed: Oct 27
Last Checked: Oct 26 at 11:10AM
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 Pacific 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 residential income property offers 940 square feet of interior space. Interior features include vinyl windows, LVP flooring, and a kitchen with updated countertops and cabinets. Appliances include a refrigerator, microwave, washer, and dryer; the listed appliance years are 2026 for the refrigerator and 2023 for the microwave, washer, and dryer.
Built in 1988, the property includes parking space #310 and one decal.
Built in 1988, the property includes parking space #310 and one decal.
Key Highlights
- 940 square feet of living space
- Vinyl windows and LVP flooring
- Kitchen with updated countertops and cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,071
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,420
$281.4K
Cap Rate 7%
$201,014
$201.0K
Cap Rate 9%
$156,344
$156.3K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$27.1K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.6K $27.22/SF
− OpEx
−$11.5K −$12.25/SF
NOI
$14.1K $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%
$281,420
Cap Rate 7%
$201,014
Cap Rate 9%
$156,344
Alternative Uses
Best Use
Apartment 5plus
$201.0K
$175.9K – $234.5K
NOI $14,071 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.94M
$3.45M – $4.60M
NOI $275,817 @ 7.0% cap · market cap 79.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes vinyl windows, LVP flooring, updated kitchen finishes, and newer appliances.
Where is this residential income property located?
The property is located at 12114 GREEN LEAF COURT Unit 202 Fairfax, VA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 940 square feet of living space; Vinyl windows and LVP flooring; Kitchen with updated countertops and cabinets
