Top-Floor Residential Income
12919 ALTON Unit 417, Herndon, VA 20170
For Sale
$289,000
Pending
The one-bedroom condominium includes in-unit laundry, a private balcony, and access to community amenities.
Property Size735 SF
Days on Market107
Property Features for 12919 ALTON Unit 417
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
secured access
balcony
gas fireplace
in-unit washer/dryer
storage unit
swimming pool
fitness center
clubhouse
party room
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Ashley AM Gerlach
(703) 297-7066
Source:
Catoctinproperties
Added: Jul 31
Changed: Nov 12
Last Checked: Nov 13 at 7:48AM
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 735-square-foot, one-bedroom, one-bath condominium occupies the building’s top floor. Built in 1993, the unit has a new HVAC system, LVP flooring, and a new range. Interior features include a gas fireplace, full-size in-unit washer and dryer, and an 8-by-8-foot built-in storage unit, along with a private balcony. Secured community access is provided.
Residents can use the swimming pool, fitness center, clubhouse, and party room. The condominium association covers exterior maintenance, water, sewer, trash, snow removal, grounds and common-area care, and amenity access. Rental restrictions are absent. The property is less than a mile from Metro and minutes from Dulles Airport, Route 267, and Route 28. Worldgate Centre is within walking distance, with restaurants, coffee shops, a movie theater, and an athletic club among the nearby conveniences.
Residents can use the swimming pool, fitness center, clubhouse, and party room. The condominium association covers exterior maintenance, water, sewer, trash, snow removal, grounds and common-area care, and amenity access. Rental restrictions are absent. The property is less than a mile from Metro and minutes from Dulles Airport, Route 267, and Route 28. Worldgate Centre is within walking distance, with restaurants, coffee shops, a movie theater, and an athletic club among the nearby conveniences.
Key Highlights
- Top‑floor condominium with 735 square feet, one bedroom, and one bathroom
- New HVAC system, LVP flooring, and range
- Private balcony, gas fireplace, and full‑size in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,002
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,040
$220.0K
Cap Rate 7%
$157,171
$157.2K
Cap Rate 9%
$122,244
$122.2K
Market Conditions
NOI Build-Up for 735 SF
Gross rent
$21.2K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$20.0K $27.22/SF
− OpEx
−$9.0K −$12.25/SF
NOI
$11.0K $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%
$220,040
Cap Rate 7%
$157,171
Cap Rate 9%
$122,244
Alternative Uses
Best Use
Apartment 5plus
$157.2K
$137.5K – $183.4K
NOI $11,002 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$408.2K
$357.2K – $476.3K
NOI $28,577 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 20170, VA
42,756
Population
14,084
Households
3
Avg Household Size
36
Median Age
57%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
4,859
Density / Sq Mi
$157,875
Median Household Income
$59,119
Median Earnings
$2,224
Median Rent
$625,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom condominium includes in-unit laundry, a private balcony, and access to community amenities.
Where is this residential income property located?
The property is located at 12919 ALTON Unit 417 Herndon, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Top‑floor condominium with 735 square feet, one bedroom, and one bathroom; New HVAC system, LVP flooring, and range; Private balcony, gas fireplace, and full‑size in‑unit washer and dryer
