Updated Residential
For Sale
$263,500
Pending
128 FORT EVANS ROAD SE Unit C, Leesburg, VA 20175
An upgraded one-bedroom home includes in-unit laundry, a walk-in closet, and access to shared recreational amenities.
Property Size820 SF
Days on Market110
Property Features for 128 FORT EVANS ROAD SE Unit C
General Information
Standard status
Pending
Size
820 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,525
Amenities
pool
play area
exercise space
bike racks
party room
Building Details
Building Size
820 SF
Year Built
1986
Listing Agency:
EXP Realty, LLC
Listed By:
Kimberly A Barber · License #0225079229
(571) 269-2281
Source:
Catoctinproperties
Added: Jul 11
Changed: Oct 26
Last Checked: Oct 26 at 3:16PM
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, LLC
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Investment Insights
Based on property information with market context.
This 820-square-foot condominium, built in 1986, has one bedroom and one bathroom. Recent improvements include new flooring, paint, kitchen appliances, and bathroom updates. The kitchen and dining area share an open layout, and the bedroom includes a walk-in closet. A front-loading washer and dryer are inside the unit; the HVAC system and water heater have also been replaced recently.
The Fox Chapel community offers an outdoor pool, play area, exercise space, party room, bike racks, and benches. The unit has an assigned parking space, with visitor parking also available. Route 7, Route 15, downtown Leesburg, Leesburg Village, shopping, dining, and Dulles Airport are accessible from the property.
The Fox Chapel community offers an outdoor pool, play area, exercise space, party room, bike racks, and benches. The unit has an assigned parking space, with visitor parking also available. Route 7, Route 15, downtown Leesburg, Leesburg Village, shopping, dining, and Dulles Airport are accessible from the property.
Key Highlights
- 820‑square‑foot condominium with one bedroom and one bathroom
- Recent flooring, paint, kitchen appliance, and bathroom updates
- In‑unit front‑loading washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,789
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,780
$255.8K
Cap Rate 7%
$182,700
$182.7K
Cap Rate 9%
$142,100
$142.1K
Market Conditions
NOI Build-Up for 820 SF
Gross rent
$24.9K $30.36/SF
− Vacancy
−$1.6K −$2.00/SF
EGI
$23.3K $28.36/SF
− OpEx
−$10.5K −$12.76/SF
NOI
$12.8K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,780
Cap Rate 7%
$182,700
Cap Rate 9%
$142,100
Alternative Uses
Best Use
Apartment 5plus
$182.7K
$159.9K – $213.2K
NOI $12,789 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$257.0K
$224.9K – $299.8K
NOI $17,989 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,494
Businesses Nearby
Explore this area
Business Placement
Demographics for 20175, VA
33,245
Population
12,695
Households
2.6
Avg Household Size
38
Median Age
64%
College-Educated
94%
High-School Grad
59.0 sq mi
ZIP Area
563
Density / Sq Mi
$168,035
Median Household Income
$80,588
Median Earnings
$2,039
Median Rent
$717,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An upgraded one-bedroom home includes in-unit laundry, a walk-in closet, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 128 FORT EVANS ROAD SE Unit C Leesburg, VA.
What is the asking price?
The asking price for this property is $263,500.
What are key features of this property?
This property features: 820‑square‑foot condominium with one bedroom and one bathroom; Recent flooring, paint, kitchen appliance, and bathroom updates; In‑unit front‑loading washer and dryer
