Residential Income Property with
For Sale
$315,000
1414 NORTHGATE SQUARE Unit 14/1B, Reston, VA 20190
The two-bedroom, two-bath residence features a private patio and updated kitchen countertops.
Property Size956 SF
Price / SF$329.50
Days on Market70
Property Features for 1414 NORTHGATE SQUARE Unit 14/1B
General Information
Standard status
Active
Size
956 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,693
Amenities
custom window shutters
upgraded LVP flooring
kitchen granite countertops
stackable washer & dryer
secluded patio
jogging and bike trails
tennis
tot lots
swimming
Building Details
Building Size
956 SF
Year Built
1971
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Debra K Hagan · License #0225145233
(571) 259-4138
Source:
Catoctinproperties
Added: Aug 27
Changed: Nov 2
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 956-square-foot residential property in a condominium community has two bedrooms and two bathrooms. Interior details include LVP flooring in the main living area, custom window shutters, accent walls, and granite kitchen countertops. A stackable washer and dryer is included, and the patio faces wooded common grounds.
The community association covers electricity, gas heat and cooking, water, sewer, exterior upkeep, common-area maintenance, landscaping, trash service, and snow removal. Reston Association amenities include jogging and biking trails, tennis courts, playgrounds, and swimming facilities. Commuter and public transportation are readily available.
The community association covers electricity, gas heat and cooking, water, sewer, exterior upkeep, common-area maintenance, landscaping, trash service, and snow removal. Reston Association amenities include jogging and biking trails, tennis courts, playgrounds, and swimming facilities. Commuter and public transportation are readily available.
Key Highlights
- Two bedrooms and two bathrooms in 956 square feet
- Private patio facing wooded common grounds
- Granite kitchen countertops, LVP flooring in the main living area, and custom window shutters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,310
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,200
$286.2K
Cap Rate 7%
$204,429
$204.4K
Cap Rate 9%
$159,000
$159.0K
Market Conditions
NOI Build-Up for 956 SF
Gross rent
$27.5K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$26.0K $27.22/SF
− OpEx
−$11.7K −$12.25/SF
NOI
$14.3K $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%
$286,200
Cap Rate 7%
$204,429
Cap Rate 9%
$159,000
Alternative Uses
Best Use
Apartment 5plus
$204.4K
$178.9K – $238.5K
NOI $14,310 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.01M
$3.51M – $4.68M
NOI $280,512 @ 7.0% cap · market cap 89.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath residence features a private patio and updated kitchen countertops.
Where is this residential income property located?
The property is located at 1414 NORTHGATE SQUARE Unit 14/1B Reston, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 956 square feet; Private patio facing wooded common grounds; Granite kitchen countertops, LVP flooring in the main living area, and custom window shutters
