Top-Floor One-Bedroom
For Sale
$285,000
1513 LINCOLN WAY Unit 301A, Mc Lean, VA 22102
Vaulted ceilings, a wood-burning fireplace, and a private balcony shape the top-floor residence.
Property Size762 SF
Price / SF$374.02
Days on Market30
Property Features for 1513 LINCOLN WAY Unit 301A
General Information
Standard status
Active
Size
762 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,482
Amenities
wood-burning fireplace
private balcony
storage
walk-in closet
full-size washer and dryer
vaulted ceilings
Building Details
Building Size
762 SF
Year Built
1988
Listing Agency:
Ten Thousand Realty
Listed By:
Jay Yu
(301) 529-3985
Source:
Jackrealtygroup
Added: Oct 4
Changed: Oct 27
Last Checked: Oct 31 at 3:46PM
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 Ten Thousand Realty
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Investment Insights
Based on property information with market context.
This 762-square-foot, one-bedroom, one-bath condominium is on the top floor of Fountains of McLean. Built in 1988, it features vaulted ceilings, a wood-burning fireplace, and a private balcony with adjacent storage. The bedroom includes a walk-in closet, and a full-size washer and dryer are inside the unit. Parking comprises one assigned space and one guest space.
The community is near Tysons Galleria and Tysons Corner Center, with access to the Dulles Toll Road, I-495, I-66, Route 7, and Route 123. Dulles International Airport and Reagan National Airport are also nearby. The condo fee includes exterior maintenance, lawn care, water, trash, common-area upkeep, and snow removal.
The community is near Tysons Galleria and Tysons Corner Center, with access to the Dulles Toll Road, I-495, I-66, Route 7, and Route 123. Dulles International Airport and Reagan National Airport are also nearby. The condo fee includes exterior maintenance, lawn care, water, trash, common-area upkeep, and snow removal.
Key Highlights
- 762‑square‑foot, one‑bedroom, one‑bath top‑floor condominium
- Vaulted ceilings and a wood‑burning fireplace
- Private balcony with separate storage nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,406
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,120
$228.1K
Cap Rate 7%
$162,943
$162.9K
Cap Rate 9%
$126,733
$126.7K
Market Conditions
NOI Build-Up for 762 SF
Gross rent
$21.9K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$20.7K $27.22/SF
− OpEx
−$9.3K −$12.25/SF
NOI
$11.4K $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%
$228,120
Cap Rate 7%
$162,943
Cap Rate 9%
$126,733
Alternative Uses
Best Use
Apartment 5plus
$162.9K
$142.6K – $190.1K
NOI $11,406 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.19M
$2.79M – $3.73M
NOI $223,588 @ 7.0% cap · market cap 78.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,652
Businesses Nearby
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Business Placement
Demographics for 22102, VA
27,743
Population
14,274
Households
1.9
Avg Household Size
37
Median Age
81%
College-Educated
99%
High-School Grad
12.3 sq mi
ZIP Area
2,256
Density / Sq Mi
$153,816
Median Household Income
$93,200
Median Earnings
$2,471
Median Rent
$1,003,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Vaulted ceilings, a wood-burning fireplace, and a private balcony shape the top-floor residence.
Where is this residential income property located?
The property is located at 1513 LINCOLN WAY Unit 301A Mc Lean, VA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 762‑square‑foot, one‑bedroom, one‑bath top‑floor condominium; Vaulted ceilings and a wood‑burning fireplace; Private balcony with separate storage nearby
