Condominium with Private
For Sale
$354,000
1657 PARKCREST CIRCLE Unit 201, Reston, VA 20190
An open interior combines an updated kitchen and bath with a private outdoor space.
Property Size1,112 SF
Price / SF$318.35
Days on Market47
Property Features for 1657 PARKCREST CIRCLE Unit 201
General Information
Standard status
Active
Size
1,112 SF
Total Parking Spaces
1
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
$3,722
Amenities
private balcony
Building Details
Building Size
1,112 SF
Year Built
1973
Listing Agency:
Libra Realty, LLC
Listed By:
Yuan Yao · License #0225205639
(703) 899-2379
Source:
Canopy-re
Added: Sep 19
Changed: Nov 3
Last Checked: Nov 3 at 6:10AM
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 Libra Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,112-square-foot condominium, built in 1973, has two bedrooms and one bathroom. The interior features an open layout, laminate flooring, recessed lighting, and refreshed kitchen and bath finishes. A private balcony looks out toward trees.
The unit includes one assigned covered parking space, with additional unassigned lot parking available for guests. The condo fee covers gas, electricity, water, and trash removal. The property is described as close to Metro, Reston Town Center, and shopping.
The unit includes one assigned covered parking space, with additional unassigned lot parking available for guests. The condo fee covers gas, electricity, water, and trash removal. The property is described as close to Metro, Reston Town Center, and shopping.
Key Highlights
- 1,112‑square‑foot condominium with 2 bedrooms and 1 bathroom
- Private balcony with tree views
- Assigned covered parking space, plus unassigned guest lot parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,645
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,900
$332.9K
Cap Rate 7%
$237,786
$237.8K
Cap Rate 9%
$184,944
$184.9K
Market Conditions
NOI Build-Up for 1,112 SF
Gross rent
$32.0K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.3K $27.22/SF
− OpEx
−$13.6K −$12.25/SF
NOI
$16.6K $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%
$332,900
Cap Rate 7%
$237,786
Cap Rate 9%
$184,944
Alternative Uses
Best Use
Apartment 5plus
$237.8K
$208.1K – $277.4K
NOI $16,645 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.66M
$4.08M – $5.44M
NOI $326,286 @ 7.0% cap · market cap 92.17%
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
856
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 - An open interior combines an updated kitchen and bath with a private outdoor space.
Where is this residential income property located?
The property is located at 1657 PARKCREST CIRCLE Unit 201 Reston, VA.
What is the asking price?
The asking price for this property is $354,000.
What are key features of this property?
This property features: 1,112‑square‑foot condominium with 2 bedrooms and 1 bathroom; Private balcony with tree views; Assigned covered parking space, plus unassigned guest lot parking
