Two-Bedroom Residential
For Sale
$325,000
1412 NORTHGATE SQUARE Unit 1B, Reston, VA 20190
Ground-level layout includes a patio beneath mature trees and an updated kitchen with granite countertops and new cabinetry.
Property Size986 SF
Price / SF$329.61
Days on Market56
Property Features for 1412 NORTHGATE SQUARE Unit 1B
General Information
Standard status
Active
Size
986 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,281
Building Details
Building Size
986 SF
Year Built
1971
Listing Agency:
Washington Fine Properties, LLC
Listed By:
Jean T Beatty · License #0225208843
(301) 641-4149
Source:
Catoctinproperties
Added: Sep 10
Changed: Oct 26
Last Checked: Nov 3 at 6:18AM
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 Washington Fine Properties, LLC
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Investment Insights
Based on property information with market context.
This 986-square-foot, two-bedroom, two-bath condo was built in 1971 and has fresh paint and new flooring. The interior includes a living room, formal dining room, and an updated kitchen with granite countertops and new cabinetry. The primary bedroom has an en suite bath and walk-in closet, while the second bedroom provides additional living space. A ground-level layout opens to a patio beneath mature trees, with a wooded backdrop beyond.
The property is at 1412 Northgate Square in Reston, Virginia. Reston Town Center, Lake Anne Plaza, shopping, dining, and entertainment are described as minutes away. The W&OD Trail, Reston's trail system, nearby parks, and Great Falls National Park are also identified as accessible destinations.
The property is at 1412 Northgate Square in Reston, Virginia. Reston Town Center, Lake Anne Plaza, shopping, dining, and entertainment are described as minutes away. The W&OD Trail, Reston's trail system, nearby parks, and Great Falls National Park are also identified as accessible destinations.
Key Highlights
- 986‑square‑foot condo with two bedrooms and two baths
- Ground‑level home with a patio and wooded backdrop
- Updated kitchen with granite countertops and new cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,759
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,180
$295.2K
Cap Rate 7%
$210,843
$210.8K
Cap Rate 9%
$163,989
$164.0K
Market Conditions
NOI Build-Up for 986 SF
Gross rent
$28.4K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$26.8K $27.22/SF
− OpEx
−$12.1K −$12.25/SF
NOI
$14.8K $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%
$295,180
Cap Rate 7%
$210,843
Cap Rate 9%
$163,989
Alternative Uses
Best Use
Apartment 5plus
$210.8K
$184.5K – $246.0K
NOI $14,759 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.13M
$3.62M – $4.82M
NOI $289,315 @ 7.0% cap · market cap 89.02%
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
359
Businesses Nearby
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Business Placement
Demographics for 20190, VA
20,957
Population
12,180
Households
1.7
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,763
Density / Sq Mi
$126,928
Median Household Income
$83,750
Median Earnings
$2,241
Median Rent
$568,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level layout includes a patio beneath mature trees and an updated kitchen with granite countertops and new cabinetry.
Where is this residential income property located?
The property is located at 1412 NORTHGATE SQUARE Unit 1B Reston, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 986‑square‑foot condo with two bedrooms and two baths; Ground‑level home with a patio and wooded backdrop; Updated kitchen with granite countertops and new cabinetry
