Residential Income
For Sale
$312,500
1429 N NORTHGATE SQUARE N Unit 26/12B, Reston, VA 20190
This 2-bedroom, 2-bathroom residence offers a compact residential income asset.
Property Size986 SF
Price / SF$316.94
Days on Market22
Property Features for 1429 N NORTHGATE SQUARE N Unit 26/12B
General Information
Standard status
Active
Size
986 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,643
Building Details
Building Size
986 SF
Year Built
1971
Listing Agency:
Keystone Realty
Listed By:
James L Wilkerson Jr. · License #0225158278
(703) 906-7124
Source:
Catoctinproperties
Added: Oct 14
Changed: Oct 28
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 Keystone Realty
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Investment Insights
Based on property information with market context.
This residential income property contains 986 square feet, with two bedrooms and two bathrooms. The building dates to 1971.
The property is at 1429 N Northgate Square N, Unit 26/12B, in Reston, Virginia 20190.
The property is at 1429 N Northgate Square N, Unit 26/12B, in Reston, Virginia 20190.
Key Highlights
- 986‑square‑foot residence
- Two bedrooms and two bathrooms
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,759
Cap Rate
4.72%
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 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.13M
$3.62M – $4.82M
NOI $289,315 @ 7.0% cap · market cap 92.58%
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
363
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 - This 2-bedroom, 2-bathroom residence offers a compact residential income asset.
Where is this residential income property located?
The property is located at 1429 N NORTHGATE SQUARE N Unit 26/12B Reston, VA.
What is the asking price?
The asking price for this property is $312,500.
What are key features of this property?
This property features: 986‑square‑foot residence; Two bedrooms and two bathrooms; Built in 1971
