One-Bedroom Residential Income
For Sale
$304,990
1570 SPRING GATE DRIVE Unit 7109, Mc Lean, VA 22102
The condo pairs a renovated interior with community recreation and convenient access to transit and shopping.
Property Size690 SF
Price / SF$442.01
Days on Market54
Property Features for 1570 SPRING GATE DRIVE Unit 7109
General Information
Standard status
Active
Size
690 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$304,990
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,808
Amenities
pool
clubhouse
fitness center
basketball court
bike trail
grilling areas
gated entry
in-unit washer/dryer
Building Details
Building Size
690 SF
Year Built
1997
Listing Agency:
Samson Properties
Listed By:
Victoria Zhao · License #0225203413
(703) 725-6969
Source:
Jackrealtygroup
Added: Sep 10
Changed: Nov 2
Last Checked: Oct 31 at 6:19PM
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 690-square-foot condo has one bedroom and one bathroom. Interior features include bamboo flooring, plantation shutters, Brazilian granite counters, oak cabinetry, and stainless steel kitchen appliances. The bathroom was refinished and the home was painted in 2026; the HVAC system was replaced in 2023. An in-unit washer and dryer are included, along with one assigned parking space and two visitor passes.
Community amenities include an outdoor pool, fitness center, clubhouse, basketball court, bike trail, grilling areas, and gated entry. Wegmans and Capital One Center are across the street, and McLean Metro Station is one block away. The property also has access to I-66 and I-495.
Community amenities include an outdoor pool, fitness center, clubhouse, basketball court, bike trail, grilling areas, and gated entry. Wegmans and Capital One Center are across the street, and McLean Metro Station is one block away. The property also has access to I-66 and I-495.
Key Highlights
- 690‑square‑foot condo with one bedroom and one bathroom
- HVAC system replaced in 2023; interior painted and bathroom refinished in 2026
- Brazilian granite counters, custom oak cabinetry, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,328
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,560
$206.6K
Cap Rate 7%
$147,543
$147.5K
Cap Rate 9%
$114,756
$114.8K
Market Conditions
NOI Build-Up for 690 SF
Gross rent
$19.9K $28.80/SF
− Vacancy
−$1.1K −$1.58/SF
EGI
$18.8K $27.22/SF
− OpEx
−$8.5K −$12.25/SF
NOI
$10.3K $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%
$206,560
Cap Rate 7%
$147,543
Cap Rate 9%
$114,756
Alternative Uses
Best Use
Apartment 5plus
$147.5K
$129.1K – $172.1K
NOI $10,328 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.37M
NOI $202,462 @ 7.0% cap · market cap 66.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,398
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 - The condo pairs a renovated interior with community recreation and convenient access to transit and shopping.
Where is this residential income property located?
The property is located at 1570 SPRING GATE DRIVE Unit 7109 Mc Lean, VA.
What is the asking price?
The asking price for this property is $304,990.
What are key features of this property?
This property features: 690‑square‑foot condo with one bedroom and one bathroom; HVAC system replaced in 2023; interior painted and bathroom refinished in 2026; Brazilian granite counters, custom oak cabinetry, and stainless steel appliances
