Residential Income Unit with
For Sale
$285,000
1532 LINCOLN WAY Unit 202B, Mc Lean, VA 22102
Corner residence with updated kitchen and bath, in-unit laundry, and community amenities.
Property Size762 SF
Price / SF$374.02
Days on Market18
Property Features for 1532 LINCOLN WAY Unit 202B
General Information
Standard status
Active
Size
762 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,414
Amenities
24-hour gym
outdoor pool
landscaped grounds
party room
billiards
clubhouse
in-unit laundry
balcony
extra storage room
Building Details
Building Size
762 SF
Year Built
1988
Year Renovated
2020
Construction
garden-style
Listing Agency:
Samson Properties
Listed By:
John D. Medaris · License #0225048831
(703) 855-4687
Source:
Jackrealtygroup
Added: Oct 16
Changed: Nov 2
Last Checked: Oct 31 at 7:53PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 762-square-foot corner residence in a garden-style building has 1 bedroom and 1 bathroom. The kitchen was upgraded in 2020, and the bathroom renovation added expanded cabinetry and counters. Wood and 12-by-12-inch tile flooring, a wood-burning fireplace, built-in shelving, and a balcony with separate storage add to the interior features. The unit also includes a full-size washer and dryer; its HVAC system and water heater were replaced within the last five years. New kitchen appliances were installed in October 2026, and the interior was painted that month. The building’s roof, doors, siding, exterior paint, and retaining walls were renovated in 2020.
Community facilities include a 24-hour gym, outdoor pool, clubhouse, party room, billiards, and landscaped grounds. Metro and Metro Bus service, I-495, Dulles Access Road, Route 7, Tysons Corner, Tysons Galleria, and The Boro are all cited as nearby destinations or transportation options.
Community facilities include a 24-hour gym, outdoor pool, clubhouse, party room, billiards, and landscaped grounds. Metro and Metro Bus service, I-495, Dulles Access Road, Route 7, Tysons Corner, Tysons Galleria, and The Boro are all cited as nearby destinations or transportation options.
Key Highlights
- 762‑square‑foot, 1‑bedroom, 1‑bath corner residence
- Balcony with additional storage; full‑size washer and dryer
- Kitchen and bathroom upgrades completed in 2020
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 - Corner residence with updated kitchen and bath, in-unit laundry, and community amenities.
Where is this residential income property located?
The property is located at 1532 LINCOLN WAY Unit 202B 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, 1‑bedroom, 1‑bath corner residence; Balcony with additional storage; full‑size washer and dryer; Kitchen and bathroom upgrades completed in 2020
