Two-Bedroom Condo with
For Sale
$350,000
1705 LAKE SHORE CREST DRIVE Unit 25, Reston, VA 20190
A private balcony, in-unit laundry, and a gas fireplace complement the two-bedroom, two-bathroom layout.
Property Size1,108 SF
Price / SF$315.88
Days on Market217
Property Features for 1705 LAKE SHORE CREST DRIVE Unit 25
General Information
Standard status
Active
Size
1,108 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,320
Amenities
balcony
in-unit laundry
fitness center
pool
gas fireplace
storage room
Building Details
Building Size
1,108 SF
Year Built
1996
Listing Agency:
Realty ONE Group Old Towne
Listed By:
Meghan A. Pachas
(703) 597-9273
Source:
Canopy-re
Added: Apr 2
Changed: Nov 2
Last Checked: Nov 3 at 6:11AM
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 Realty ONE Group Old Towne
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,108-square-foot condominium in a 1996-built community has two bedrooms and two bathrooms. Interior features include a gas fireplace in the living room, in-unit laundry, and a private balcony. A separate storage room is located just outside the unit’s front door.
Reston Town Center is just over half a mile away, and a Metro station and major commuter routes are nearby. Community amenities include a fitness center and pool; Reston walking trails, parks, and lakes are also in the surrounding area.
Reston Town Center is just over half a mile away, and a Metro station and major commuter routes are nearby. Community amenities include a fitness center and pool; Reston walking trails, parks, and lakes are also in the surrounding area.
Key Highlights
- Two bedrooms and two bathrooms across 1,108 square feet
- Private balcony and in‑unit laundry
- Gas fireplace in the living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,585
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,700
$331.7K
Cap Rate 7%
$236,929
$236.9K
Cap Rate 9%
$184,278
$184.3K
Market Conditions
NOI Build-Up for 1,108 SF
Gross rent
$31.9K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.2K $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%
$331,700
Cap Rate 7%
$236,929
Cap Rate 9%
$184,278
Alternative Uses
Best Use
Apartment 5plus
$236.9K
$207.3K – $276.4K
NOI $16,585 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.64M
$4.06M – $5.42M
NOI $325,112 @ 7.0% cap · market cap 92.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,563
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony, in-unit laundry, and a gas fireplace complement the two-bedroom, two-bathroom layout.
Where is this residential income property located?
The property is located at 1705 LAKE SHORE CREST DRIVE Unit 25 Reston, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms across 1,108 square feet; Private balcony and in‑unit laundry; Gas fireplace in the living room
