Three-Level Residential Income
For Sale
$447,000
1369 GARDEN WALL CIRCLE Unit 714, Reston, VA 20194
A two-bedroom, two-bath residence combines townhouse-style floor planning with condominium ownership.
Property Size1,116 SF
Price / SF$400.54
Days on Market32
Property Features for 1369 GARDEN WALL CIRCLE Unit 714
General Information
Standard status
Active
Size
1,116 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,106
Amenities
fireplace
skylight
in-unit washer/dryer
outdoor pools
tennis courts
walking paths
common grounds
recreation center
Building Details
Building Size
1,116 SF
Year Built
1993
Stories
3
Construction
townhouse-style
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Elijah Stallings · License #0225272941
(571) 412-2361
Source:
Canopy-re
Added: Oct 4
Changed: Nov 2
Last Checked: Nov 3 at 6:10AM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,116-square-foot residence in Reston, Virginia, has a three-level townhouse-style layout with two bedrooms and two bathrooms. Built in 1993, it features an open living area, a fireplace with glass doors and mantel, and a skylight. The kitchen includes an electric oven and range, dishwasher, and refrigerator; a front-loading washer and dryer are also in the unit. Separate breakfast and dining areas provide additional places to eat, while the primary bedroom has a private bathroom. Wood and ceramic tile flooring are present throughout.
Community amenities include outdoor pools, tennis courts, walking paths, common grounds, and a recreation center. Nearby parks and bike trails add outdoor recreation options.
Community amenities include outdoor pools, tennis courts, walking paths, common grounds, and a recreation center. Nearby parks and bike trails add outdoor recreation options.
Key Highlights
- Three‑level townhouse‑style residence with 1,116 square feet
- Two bedrooms and two bathrooms
- Built in 1993
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,705
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,100
$334.1K
Cap Rate 7%
$238,643
$238.6K
Cap Rate 9%
$185,611
$185.6K
Market Conditions
NOI Build-Up for 1,116 SF
Gross rent
$32.1K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.4K $27.22/SF
− OpEx
−$13.7K −$12.25/SF
NOI
$16.7K $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%
$334,100
Cap Rate 7%
$238,643
Cap Rate 9%
$185,611
Alternative Uses
Best Use
Apartment 5plus
$238.6K
$208.8K – $278.4K
NOI $16,705 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.68M
$4.09M – $5.46M
NOI $327,460 @ 7.0% cap · market cap 73.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
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Business Placement
Demographics for 20194, VA
13,171
Population
5,784
Households
2.3
Avg Household Size
41
Median Age
81%
College-Educated
99%
High-School Grad
3.1 sq mi
ZIP Area
4,249
Density / Sq Mi
$166,423
Median Household Income
$106,463
Median Earnings
$2,303
Median Rent
$792,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bath residence combines townhouse-style floor planning with condominium ownership.
Where is this residential income property located?
The property is located at 1369 GARDEN WALL CIRCLE Unit 714 Reston, VA.
What is the asking price?
The asking price for this property is $447,000.
What are key features of this property?
This property features: Three‑level townhouse‑style residence with 1,116 square feet; Two bedrooms and two bathrooms; Built in 1993
