Two-Bedroom Residential Income
For Sale
$429,900
12789 FAIR CREST COURT Unit 301, Fairfax, VA 22033
The upper-level home pairs private outdoor space with en suite bathrooms and walk-in closets in both bedrooms.
Property Size1,258 SF
Price / SF$341.73
Days on Market48
Property Features for 12789 FAIR CREST COURT Unit 301
General Information
Standard status
Active
Size
1,258 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,978
Amenities
gas fireplace
private outdoor porch
dedicated laundry area
custom window coverings
plantation blinds
built-in microwave
range fan
playgrounds
tot lots
manicured common grounds
Building Details
Building Size
1,258 SF
Year Built
1997
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 27 at 3:42AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,258-square-foot condominium, built in 1997, has a shared living and kitchen area with a gas fireplace and a private porch. Upstairs are two bedrooms, each with a walk-in closet and en suite bathroom, along with a dedicated laundry area. The kitchen has a built-in microwave and range fan; plantation blinds on the main level and custom window coverings at the sliding glass door are included. The water heater was replaced in 2020.
Community features include playgrounds, tot lots, and landscaped common grounds. The condo fee covers exterior and common-area maintenance, front lawn care, snow removal, trash, and water. Retail stores and restaurants are within walking distance, with access to transit, I-66, Route 50, and the Fairfax County Parkway.
Community features include playgrounds, tot lots, and landscaped common grounds. The condo fee covers exterior and common-area maintenance, front lawn care, snow removal, trash, and water. Retail stores and restaurants are within walking distance, with access to transit, I-66, Route 50, and the Fairfax County Parkway.
Key Highlights
- 1,258‑square‑foot condominium built in 1997
- Two upstairs bedrooms, each with a walk‑in closet and en suite bathroom
- Private porch and a gas fireplace in the shared living and kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,831
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,620
$376.6K
Cap Rate 7%
$269,014
$269.0K
Cap Rate 9%
$209,233
$209.2K
Market Conditions
NOI Build-Up for 1,258 SF
Gross rent
$36.2K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$34.2K $27.22/SF
− OpEx
−$15.4K −$12.25/SF
NOI
$18.8K $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%
$376,620
Cap Rate 7%
$269,014
Cap Rate 9%
$209,233
Alternative Uses
Best Use
Apartment 5plus
$269.0K
$235.4K – $313.9K
NOI $18,831 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.27M
$4.61M – $6.15M
NOI $369,126 @ 7.0% cap · market cap 85.86%
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
614
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 upper-level home pairs private outdoor space with en suite bathrooms and walk-in closets in both bedrooms.
Where is this residential income property located?
The property is located at 12789 FAIR CREST COURT Unit 301 Fairfax, VA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 1,258‑square‑foot condominium built in 1997; Two upstairs bedrooms, each with a walk‑in closet and en suite bathroom; Private porch and a gas fireplace in the shared living and kitchen area
