End-Unit Duplex with Lake
For Sale
$628,785
Pending
9424 Goshen Lane, Burke, VA 22015
Three-bedroom residence with community pools, courts, playgrounds, and lake access for kayaking or canoeing.
Property Size1,540 SF
Days on Market60
Property Features for 9424 Goshen Lane
General Information
Standard status
Pending
Size
1,540 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Duplex
Amenities
two sparkling pools
tennis courts
basketball courts
tot lots
lake access
scenic paths
Washer/Dryer Stacked
Building Details
Year Built
1972
Listing Agency:
Compass
(707) 592-9696
Listed By:
Tamara Barnes · License #0225227045
(707) 592-9696
Source:
Compass
Added: Jul 3
Changed: Aug 30
Last Checked: Aug 30 at 8:50AM
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 Compass
Investment Insights
Based on property information with market context.
This end-unit duplex offers 1,540 SF with 3 bedrooms and 3.5 baths. Built in 1972, the residence includes a stacked washer and dryer and overlooks Lake Braddock with a direct view of the water and surrounding wildlife.
Residents have access to two pools, tennis and basketball courts, tot lots, and lake activities for kayaks and canoes. Paths around the lake support walking and jogging. The property is assigned to Kings Park Elementary School and Lake Braddock High School within Fairfax County Public Schools.
Residents have access to two pools, tennis and basketball courts, tot lots, and lake activities for kayaks and canoes. Paths around the lake support walking and jogging. The property is assigned to Kings Park Elementary School and Lake Braddock High School within Fairfax County Public Schools.
Key Highlights
- End‑unit duplex with a full view of Lake Braddock
- 1,540 SF with 3 bedrooms and 3.5 baths
- Built in 1972; stacked washer and dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,400
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$508,000
$508.0K
Cap Rate 7%
$362,857
$362.9K
Cap Rate 9%
$282,222
$282.2K
Market Conditions
NOI Build-Up for 1,540 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.8K $25.20/SF
− Vacancy
−$2.5K −$1.64/SF
EGI
$36.3K $23.56/SF
− OpEx
−$10.9K −$7.07/SF
NOI
$25.4K $16.49/SF
Area
Fairfax County, VA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$508,000
Cap Rate 7%
$362,857
Cap Rate 9%
$282,222
Alternative Uses
Best Use
Multifamily LT 5
$362.9K
$317.5K – $423.3K
NOI $25,400 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$329.3K
$288.2K – $384.2K
NOI $23,052 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$6.46M
$5.65M – $7.53M
NOI $451,871 @ 7.0% cap · market cap 71.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 22015, VA
43,941
Population
15,132
Households
2.9
Avg Household Size
41
Median Age
66%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
5,170
Density / Sq Mi
$166,016
Median Household Income
$70,767
Median Earnings
$2,441
Median Rent
$666,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom residence with community pools, courts, playgrounds, and lake access for kayaking or canoeing.
Where is this duplex located?
The property is located at 9424 Goshen Lane Burke, VA.
What is the asking price?
The asking price for this property is $628,785.
What are key features of this property?
This property features: End‑unit duplex with a full view of Lake Braddock; 1,540 SF with 3 bedrooms and 3.5 baths; Built in 1972; stacked washer and dryer included
