Residential Income Property with EV
For Sale
$539,900
1669 BANDIT LOOP Unit 105A, Reston, VA 20190
Ground-level living includes a designated underground garage space fitted with an EV charger.
Property Size1,247 SF
Price / SF$432.96
Days on Market70
Property Features for 1669 BANDIT LOOP Unit 105A
General Information
Standard status
Active
Size
1,247 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,128
Amenities
pool
pickleball courts
tennis courts
walking trails
community events
bicycle storage
EV car charger
Building Details
Building Size
1,247 SF
Year Built
2022
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Kristine F Condie · License #0225192178
(540) 336-8197
Source:
Horsefarmsandcountryhomes
Added: Aug 27
Changed: Nov 2
Last Checked: Nov 3 at 7:40AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 2022, this 1,247-square-foot ground-floor condo has an open kitchen, living, and dining area, two bedrooms, and two full bathrooms. The kitchen includes a quartz island, stainless steel appliances, ample cabinetry, and a tile backsplash. The primary suite has an en-suite bathroom with a walk-in shower, double-sink vanity, and walk-in closet. A second bedroom and full bathroom complete the layout. Plank flooring runs through the kitchen and living and dining spaces.
A designated parking space in the underground garage includes an EV charger installed for this unit; bicycle storage is also available in the garage. The community pool is across from the building, and Wiehle-Reston Metro Station is nearby. Reston’s trail network includes 55 miles of routes, with the W&OD Trail a few blocks away. Reston Association membership provides access to pools, pickleball and tennis courts, walking trails, and community events.
A designated parking space in the underground garage includes an EV charger installed for this unit; bicycle storage is also available in the garage. The community pool is across from the building, and Wiehle-Reston Metro Station is nearby. Reston’s trail network includes 55 miles of routes, with the W&OD Trail a few blocks away. Reston Association membership provides access to pools, pickleball and tennis courts, walking trails, and community events.
Key Highlights
- 1,247‑square‑foot condo built in 2022
- Ground‑floor unit with two bedrooms and two full bathrooms
- Designated underground garage parking space with an EV charger
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,666
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,320
$373.3K
Cap Rate 7%
$266,657
$266.7K
Cap Rate 9%
$207,400
$207.4K
Market Conditions
NOI Build-Up for 1,247 SF
Gross rent
$35.9K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$33.9K $27.22/SF
− OpEx
−$15.3K −$12.25/SF
NOI
$18.7K $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%
$373,320
Cap Rate 7%
$266,657
Cap Rate 9%
$207,400
Alternative Uses
Best Use
Apartment 5plus
$266.7K
$233.3K – $311.1K
NOI $18,666 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.23M
$4.57M – $6.10M
NOI $365,898 @ 7.0% cap · market cap 67.77%
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
693
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 - Ground-level living includes a designated underground garage space fitted with an EV charger.
Where is this residential income property located?
The property is located at 1669 BANDIT LOOP Unit 105A Reston, VA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 1,247‑square‑foot condo built in 2022; Ground‑floor unit with two bedrooms and two full bathrooms; Designated underground garage parking space with an EV charger
