Residential Income Property with Renovated
For Sale
$449,900
12461 HAYES COURT Unit 203, Fairfax, VA 22033
Updated kitchen and two remodeled bathrooms distinguish this Fairfax residence, with shopping, dining, trails, and commuter routes nearby.
Property Size1,133 SF
Price / SF$397.09
Days on Market20
Property Features for 12461 HAYES COURT Unit 203
General Information
Standard status
Active
Size
1,133 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,628
Building Details
Building Size
1,133 SF
Year Built
1996
Listing Agency:
Samson Properties
Listed By:
Kathryn Emily DeWitt · License #0225237915
(571) 242-0101
Source:
Catoctinproperties
Added: Oct 8
Changed: Oct 26
Last Checked: Oct 26 at 2:38PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1,133-square-foot residence was built in 1996 and features an upgraded kitchen with white granite counters, custom maple cabinetry, soft-close storage, glass-front accents, and a pantry fitted with pull-out shelves. Both bathrooms have been renovated with Crema Marfil marble. The primary bath includes an expanded glass-enclosed shower with three niches, an upgraded vanity and mirror, crystal sconces, and dimmable recessed lighting. Crown molding and recessed lighting are also part of the interior, along with a Carrier furnace, an A. O. Smith gas water heater replaced in 2020, and an LG stacked washer and dryer.
Cedar Lakes is near shopping, dining, walking trails, Whole Foods, and Fair Oaks Mall. I-66 and major commuter routes are accessible from the community.
Cedar Lakes is near shopping, dining, walking trails, Whole Foods, and Fair Oaks Mall. I-66 and major commuter routes are accessible from the community.
Key Highlights
- 1,133‑square‑foot residence in Cedar Lakes
- Kitchen with white granite counters and custom maple cabinetry
- Both bathrooms renovated with Crema Marfil marble
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,960
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,200
$339.2K
Cap Rate 7%
$242,286
$242.3K
Cap Rate 9%
$188,444
$188.4K
Market Conditions
NOI Build-Up for 1,133 SF
Gross rent
$32.6K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.8K $27.22/SF
− OpEx
−$13.9K −$12.25/SF
NOI
$17.0K $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%
$339,200
Cap Rate 7%
$242,286
Cap Rate 9%
$188,444
Alternative Uses
Best Use
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,960 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.75M
$4.16M – $5.54M
NOI $332,448 @ 7.0% cap · market cap 73.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,303
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen and two remodeled bathrooms distinguish this Fairfax residence, with shopping, dining, trails, and commuter routes nearby.
Where is this residential income property located?
The property is located at 12461 HAYES COURT Unit 203 Fairfax, VA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,133‑square‑foot residence in Cedar Lakes; Kitchen with white granite counters and custom maple cabinetry; Both bathrooms renovated with Crema Marfil marble
