Two-Bedroom Residential
For Sale
$317,000
1552 NORTHGATE SQUARE Unit 12B, Reston, VA 20190
The home has a separate dining room and a private balcony overlooking trees.
Property Size993 SF
Price / SF$319.23
Days on Market170
Property Features for 1552 NORTHGATE SQUARE Unit 12B
General Information
Standard status
Active
Size
993 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,676
Amenities
private balcony
brand-new appliances
swimming pools
tennis courts
pickleball courts
campgrounds
scenic trails
lakes
Walker Nature Center
Building Details
Building Size
993 SF
Year Built
1971
Listing Agency:
Weichert, REALTORS
Listed By:
Claudia Viana · License #0225213483
(703) 200-1576
Source:
Catoctinproperties
Added: May 19
Changed: Nov 3
Last Checked: Nov 3 at 6:17AM
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 Weichert, REALTORS
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Investment Insights
Based on property information with market context.
This 993-square-foot residential property in Reston was built in 1971 and contains two bedrooms and one bathroom. Its layout includes a living room, a dedicated dining area, and a kitchen with new appliances. A private balcony faces a treed view.
Reston’s community amenities include more than 55 miles of trails, five lakes, swimming pools, tennis and pickleball courts, campgrounds, and the 72-acre Walker Nature Center.
Reston’s community amenities include more than 55 miles of trails, five lakes, swimming pools, tennis and pickleball courts, campgrounds, and the 72-acre Walker Nature Center.
Key Highlights
- Two bedrooms and one bathroom in 993 square feet
- Built in 1971
- Private balcony with a treed view
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,864
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,280
$297.3K
Cap Rate 7%
$212,343
$212.3K
Cap Rate 9%
$165,156
$165.2K
Market Conditions
NOI Build-Up for 993 SF
Gross rent
$28.6K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$27.0K $27.22/SF
− OpEx
−$12.2K −$12.25/SF
NOI
$14.9K $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%
$297,280
Cap Rate 7%
$212,343
Cap Rate 9%
$165,156
Alternative Uses
Best Use
Apartment 5plus
$212.3K
$185.8K – $247.7K
NOI $14,864 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.16M
$3.64M – $4.86M
NOI $291,369 @ 7.0% cap · market cap 91.91%
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 - The home has a separate dining room and a private balcony overlooking trees.
Where is this residential income property located?
The property is located at 1552 NORTHGATE SQUARE Unit 12B Reston, VA.
What is the asking price?
The asking price for this property is $317,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom in 993 square feet; Built in 1971; Private balcony with a treed view
