Residential Income Property with
12205 FAIRFIELD HOUSE DRIVE Unit 608, Fairfax, VA 22033
For Sale
$479,000
Two-level layout pairs renovated living areas with a loft, private balcony, and views of the community pond.
Property Size1,580 SF
Price / SF$303.16
Days on Market26
Property Features for 12205 FAIRFIELD HOUSE DRIVE Unit 608
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Sprinkler System
Taxes and HOA fees
Annual Taxes
Amenities
tennis court
scenic pond
gazebo
little library
Building Details
Building Size
Year Built
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
William E Swarm · License #0225095907
(703) 772-3963
Source:
Catoctinproperties
Added: Oct 15
Changed: Nov 7
Last Checked: Nov 8 at 8:53PM
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 Spring Hill Real Estate, LLC.
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Investment Insights
Based on property information with market context.
This 1,580-square-foot, two-level condominium was built in 1992 and includes two bedrooms, a loft, and a private balcony overlooking the community pond. The kitchen was updated in 2016, and both bathrooms have been renovated. Other improvements include a 2022 air conditioning system, a 2023 water heater, replaced windows and sliding glass doors, and LG laundry appliances installed in 2023. Hardwood floors, a brick fireplace, custom closet organization, a dedicated laundry room, and attic storage round out the interior. A built-in fire sprinkler system is also present.
Community amenities include a tennis court, pond, gazebo, and little library. The property has one reserved parking space, with additional unassigned parking available. Access to I-66, Route 50, and Fairfax County Parkway connects the property with Fairfax Corner, Fair Oaks Mall, Fair Lakes, Wegmans, and Whole Foods.
Community amenities include a tennis court, pond, gazebo, and little library. The property has one reserved parking space, with additional unassigned parking available. Access to I-66, Route 50, and Fairfax County Parkway connects the property with Fairfax Corner, Fair Oaks Mall, Fair Lakes, Wegmans, and Whole Foods.
Key Highlights
- 1,580‑square‑foot, two‑level condominium with two bedrooms and an upstairs loft
- Kitchen updated in 2016; both bathrooms renovated
- Air conditioning system installed in 2022; water heater and LG washer and dryer installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,651
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,020
$473.0K
Cap Rate 7%
$337,871
$337.9K
Cap Rate 9%
$262,789
$262.8K
Market Conditions
NOI Build-Up for 1,580 SF
Gross rent
$45.5K $28.80/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$43.0K $27.22/SF
− OpEx
−$19.4K −$12.25/SF
NOI
$23.7K $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%
$473,020
Cap Rate 7%
$337,871
Cap Rate 9%
$262,789
Alternative Uses
Best Use
Apartment 5plus
$337.9K
$295.6K – $394.2K
NOI $23,651 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$877.6K
$767.9K – $1.02M
NOI $61,430 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,779
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 - Two-level layout pairs renovated living areas with a loft, private balcony, and views of the community pond.
Where is this residential income property located?
The property is located at 12205 FAIRFIELD HOUSE DRIVE Unit 608 Fairfax, VA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 1,580‑square‑foot, two‑level condominium with two bedrooms and an upstairs loft; Kitchen updated in 2016; both bathrooms renovated; Air conditioning system installed in 2022; water heater and LG washer and dryer installed in 2023
