Residential Income Property with
For Sale
$409,000
12237 FAIRFIELD HOUSE DRIVE Unit 311A, Fairfax, VA 22033
The two-bedroom residence includes three full baths and a loft above the main living area.
Property Size1,580 SF
Price / SF$258.86
Days on Market48
Property Features for 12237 FAIRFIELD HOUSE DRIVE Unit 311A
General Information
Standard status
Active
Size
1,580 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
2BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,928
Building Details
Building Size
1,580 SF
Year Built
1992
Listing Agency:
REAL Realty
Listed By:
Catoctin Properties
(703) 340-8986
Source:
Catoctinproperties
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 26 at 12:01PM
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 Realty
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Investment Insights
Based on property information with market context.
This 1,580-square-foot residential unit was built in 1992 and is configured with two bedrooms, three full baths, and a loft overlooking the living room. Outdoor space can be reached from both the primary bedroom and the living area. The HVAC system and water heater have been updated, and the property is being sold as is.
Major routes, shopping, dining, and everyday services are accessible from the property.
Major routes, shopping, dining, and everyday services are accessible from the property.
Key Highlights
- 1,580‑square‑foot unit built in 1992
- Two bedrooms and three full baths
- Loft overlooking the living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,651
Cap Rate
5.78%
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 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.62M
$5.80M – $7.73M
NOI $463,608 @ 7.0% cap · market cap 113.35%
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
1,779
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 - The two-bedroom residence includes three full baths and a loft above the main living area.
Where is this residential income property located?
The property is located at 12237 FAIRFIELD HOUSE DRIVE Unit 311A Fairfax, VA.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: 1,580‑square‑foot unit built in 1992; Two bedrooms and three full baths; Loft overlooking the living room
