2-Bedroom Residential Income
For Sale
$454,900
12753 FAIR CREST CT #22, Fairfax, VA 22033
FAIRFAX, VA
Property Size1,360 SF
Price / SF$334.49
Days on Market148
Property Features for 12753 FAIR CREST CT #22
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1
Subdivision
FAIR LAKES
Elementary school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Middle school district
FAIRFAX COUNTY PUBLIC SCHOOLS
High school district
FAIRFAX COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
private rear patio
playgrounds
tot lots
manicured common grounds
Building Details
Year built
1998
Listing Agency:
Vienna/Tysons
(703) 938-4200
Listed By:
Liz Potemra
(703) 581-7759
Added: May 23
Changed: Sep 20
Last Checked: Oct 17 at 5:06AM
MLS# VAFX2314640
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story condominium unit offers approximately 1,360 square feet with two bedrooms, two full bathrooms, and one half bathroom. The main level combines living and family areas with an open kitchen, breakfast space, pantry, hardwood flooring, crown molding, and built-in bookcases. Upstairs, each bedroom has access to a dedicated full bathroom; the primary suite includes a soaking tub and walk-in closet space. A dedicated laundry area is also located on the upper level. Natural gas forced-air heating and central electric air conditioning serve the unit.
The ground-level entry connects the main living area to a private rear patio. Two parking spaces are included, including one directly outside the unit. Fair Lakes Condominium association services include exterior and common-area maintenance, front lawn care, snow removal, trash, and water. Residents also have access to playgrounds, tot lots, and maintained common grounds. The property is near I-66, Route 50, and the Fairfax County Parkway, with retail, grocery, and dining options nearby.
The ground-level entry connects the main living area to a private rear patio. Two parking spaces are included, including one directly outside the unit. Fair Lakes Condominium association services include exterior and common-area maintenance, front lawn care, snow removal, trash, and water. Residents also have access to playgrounds, tot lots, and maintained common grounds. The property is near I-66, Route 50, and the Fairfax County Parkway, with retail, grocery, and dining options nearby.
Key Highlights
- Approximately 1,360 square feet in a two‑story condominium layout
- Two bedrooms, two full bathrooms, and one half bathroom
- Open kitchen with breakfast area, pantry, and wide counter seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,358
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,160
$407.2K
Cap Rate 7%
$290,829
$290.8K
Cap Rate 9%
$226,200
$226.2K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$39.2K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$37.0K $27.22/SF
− OpEx
−$16.7K −$12.25/SF
NOI
$20.4K $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%
$407,160
Cap Rate 7%
$290,829
Cap Rate 9%
$226,200
Alternative Uses
Best Use
Apartment 5plus
$290.8K
$254.5K – $339.3K
NOI $20,358 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.70M
$4.99M – $6.65M
NOI $399,055 @ 7.0% cap · market cap 87.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
614
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 - Two-story condominium layout with a private patio, assigned parking, and community-maintained grounds.
Where is this residential income property located?
The property is located at 12753 FAIR CREST CT #22 Fairfax, VA.
What is the asking price?
The asking price for this property is $454,900.
What are key features of this property?
This property features: Approximately 1,360 square feet in a two‑story condominium layout; Two bedrooms, two full bathrooms, and one half bathroom; Open kitchen with breakfast area, pantry, and wide counter seating
