Residential Income Property with Private
For Sale
$546,000
1473 CHURCH HILL PLACE, Reston, VA 20194
Two-level end-unit residence with flexible loft space, updated baths, and direct access to a substantial outdoor area.
Property Size1,667 SF
Price / SF$327.53
Days on Market96
Property Features for 1473 CHURCH HILL PLACE
General Information
Standard status
Active
Size
1,667 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,289
Amenities
private patio
gourmet kitchen
granite countertops
stainless steel appliances
hardwood floors
walk-in closet
soaking tub
loft
Tesla EV chargers
Reston Association amenities
Building Details
Building Size
1,667 SF
Year Built
1988
Listing Agency:
Better Homes and Gardens Real Estate Reserve
(240) 888-6609
Listed By:
Junghwan Lee · License #0225067357
(240) 888-6609
Source:
Kerishull
Added: May 30
Changed: Aug 28
Last Checked: Aug 29 at 5:02PM
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 Better Homes and Gardens Real Estate Reserve
Investment Insights
Based on property information with market context.
This two-level end-unit residence in Hampton Pointe offers an open-concept layout with high ceilings, large windows, and hardwood flooring across the main level. The home includes two bedrooms, two updated full baths, a primary suite with walk-in closet and soaking tub, plus a loft with its own full bath. Sliding doors connect the living room and both bedrooms to a private patio. The kitchen has granite counters, stainless steel appliances, and an updated dining area.
The property is located across from North Point Village Center at 1473 Church Hill Place in Reston, Virginia. Reston Association amenities include 15 pools, 55 miles of trails, lakes, tennis courts, and pickleball courts. The community also provides 4 Tesla EV chargers. Reston Town Center, the Silver Line Metro, and Dulles Airport are each identified as 2 miles away.
The property is located across from North Point Village Center at 1473 Church Hill Place in Reston, Virginia. Reston Association amenities include 15 pools, 55 miles of trails, lakes, tennis courts, and pickleball courts. The community also provides 4 Tesla EV chargers. Reston Town Center, the Silver Line Metro, and Dulles Airport are each identified as 2 miles away.
Key Highlights
- Two‑level end‑unit residence in Hampton Pointe
- Private patio accessible from the living room and two bedrooms
- Two bedrooms, two updated full baths, and a loft with its own full bath
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
$25,998
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
4.76%
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%
$519,960
$520.0K
Cap Rate 7%
$371,400
$371.4K
Cap Rate 9%
$288,867
$288.9K
Market Conditions
NOI Build-Up for 1,667 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
$50.6K $30.36/SF
− Vacancy
−$3.3K −$2.00/SF
EGI
$47.3K $28.36/SF
− OpEx
−$21.3K −$12.76/SF
NOI
$26.0K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$519,960
Cap Rate 7%
$371,400
Cap Rate 9%
$288,867
Alternative Uses
Best Use
Apartment 5plus
$371.4K
$325.0K – $433.3K
NOI $25,998 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$522.4K
$457.1K – $609.5K
NOI $36,570 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level end-unit residence with flexible loft space, updated baths, and direct access to a substantial outdoor area.
Where is this residential income property located?
The property is located at 1473 CHURCH HILL PLACE Reston, VA.
What is the asking price?
The asking price for this property is $546,000.
What are key features of this property?
This property features: Two‑level end‑unit residence in Hampton Pointe; Private patio accessible from the living room and two bedrooms; Two bedrooms, two updated full baths, and a loft with its own full bath
