Residential Income Property with
For Sale
$290,000
1558 NORTHGATE SQUARE Unit 32B, Reston, VA 20190
The condo fee covers utilities, waste services, snow removal, and maintenance of shared areas.
Property Size993 SF
Price / SF$292.04
Days on Market173
Property Features for 1558 NORTHGATE SQUARE Unit 32B
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
$3,860
Amenities
private balcony
Building Details
Building Size
993 SF
Year Built
1971
Listing Agency:
Century 21 Redwood Realty
Listed By:
Katherine Wetzel · License #0225230553
(571) 213-8406
Source:
Catoctinproperties
Added: May 16
Changed: Nov 2
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 Century 21 Redwood Realty
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Investment Insights
Based on property information with market context.
This 993-square-foot, two-bedroom, one-bath residence was built in 1971. Its open layout includes a separate dining room and a private balcony facing green space. Mature trees surround the home, and there are no neighbors above.
The condo fee includes electricity, heat, air conditioning, water, sewer, trash and recycling service, snow removal, and common area maintenance. The property is in Reston, minutes from Reston Town Center, Metro service, shopping, dining, and major commuter routes.
The condo fee includes electricity, heat, air conditioning, water, sewer, trash and recycling service, snow removal, and common area maintenance. The property is in Reston, minutes from Reston Town Center, Metro service, shopping, dining, and major commuter routes.
Key Highlights
- 993‑square‑foot residence with two bedrooms and one bathroom
- Built in 1971
- Open layout, separate dining room, and private balcony overlooking green space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,864
Cap Rate
5.13%
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 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.16M
$3.64M – $4.86M
NOI $291,369 @ 7.0% cap · market cap 100.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 condo fee covers utilities, waste services, snow removal, and maintenance of shared areas.
Where is this residential income property located?
The property is located at 1558 NORTHGATE SQUARE Unit 32B Reston, VA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 993‑square‑foot residence with two bedrooms and one bathroom; Built in 1971; Open layout, separate dining room, and private balcony overlooking green space
