Three-Bedroom Residential
For Sale
$354,999
1534 NORTHGATE SQUARE Unit 11C, Reston, VA 20190
The monthly condo fee covers electricity, gas, water, sewer, and trash.
Property Size1,234 SF
Price / SF$287.68
Days on Market99
Property Features for 1534 NORTHGATE SQUARE Unit 11C
General Information
Standard status
Active
Size
1,234 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,446
Amenities
private balcony
in-unit washer/dryer
Building Details
Building Size
1,234 SF
Year Built
1971
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
Jai Sharma · License #0225258669
(703) 712-3226
Source:
Catoctinproperties
Added: Jul 29
Changed: Oct 29
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 Spring Hill Real Estate, LLC.
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Investment Insights
Based on property information with market context.
This 1,234-square-foot condo has three bedrooms and two full bathrooms. The kitchen has granite counters, hardwood cabinets with soft-close hardware, and ample storage. A stacked washer and dryer, an in-unit thermostat, and a private balcony are also included. The primary suite has a walk-in closet and en-suite bath; two additional bedrooms share an updated full bathroom.
The property is in Reston’s Northgate community, 0.5 miles from Lake Anne Plaza, 1.5 miles from Wiehle-Reston East Metro, and 2 miles from Reston Town Center. Barron Cameron Park is also a short drive away. Two parking spaces are included. The condo fee covers electricity, gas, water, sewer, and trash; residents pay separately for internet and cable.
The property is in Reston’s Northgate community, 0.5 miles from Lake Anne Plaza, 1.5 miles from Wiehle-Reston East Metro, and 2 miles from Reston Town Center. Barron Cameron Park is also a short drive away. Two parking spaces are included. The condo fee covers electricity, gas, water, sewer, and trash; residents pay separately for internet and cable.
Key Highlights
- Three bedrooms and two full bathrooms in 1,234 square feet
- Condo fee includes electricity, gas, water, sewer, and trash
- Renovated kitchen with granite counters and soft‑close hardwood cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,471
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,420
$369.4K
Cap Rate 7%
$263,871
$263.9K
Cap Rate 9%
$205,233
$205.2K
Market Conditions
NOI Build-Up for 1,234 SF
Gross rent
$35.5K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$33.6K $27.22/SF
− OpEx
−$15.1K −$12.25/SF
NOI
$18.5K $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%
$369,420
Cap Rate 7%
$263,871
Cap Rate 9%
$205,233
Alternative Uses
Best Use
Apartment 5plus
$263.9K
$230.9K – $307.9K
NOI $18,471 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.17M
$4.53M – $6.03M
NOI $362,083 @ 7.0% cap · market cap 102.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
388
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The monthly condo fee covers electricity, gas, water, sewer, and trash.
Where is this residential income property located?
The property is located at 1534 NORTHGATE SQUARE Unit 11C Reston, VA.
What is the asking price?
The asking price for this property is $354,999.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms in 1,234 square feet; Condo fee includes electricity, gas, water, sewer, and trash; Renovated kitchen with granite counters and soft‑close hardwood cabinetry
