Two-Bedroom Residential Income
For Sale
$400,000
1720 LAKE SHORE CREST DRIVE Unit 36, Reston, VA 20190
The condo includes an in-home washer and dryer and a split-bedroom layout.
Property Size1,108 SF
Price / SF$361.01
Days on Market182
Property Features for 1720 LAKE SHORE CREST DRIVE Unit 36
General Information
Standard status
Active
Size
1,108 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,699
Building Details
Building Size
1,108 SF
Year Built
1994
Listing Agency:
EXP Realty, LLC
Listed By:
John W Gordon · License #0225234859
(703) 405-8492
Source:
Canopy-re
Added: May 7
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,108-square-foot condo was built in 1994 and has two bedrooms and two bathrooms. Its split-bedroom arrangement separates the sleeping areas, while a walk-in closet and in-home washer and dryer add functional convenience. The kitchen has upgraded countertops and stainless steel appliances, and the primary suite looks out over the lake.
Reston Town Center, the W&OD trail, and Lake Anne are nearby, offering access to shopping, dining, and outdoor recreation.
Reston Town Center, the W&OD trail, and Lake Anne are nearby, offering access to shopping, dining, and outdoor recreation.
Key Highlights
- Two bedrooms and two bathrooms in 1,108+ square feet
- Built in 1994
- Split‑bedroom floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,585
Cap Rate
4.15%
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 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.64M
$4.06M – $5.42M
NOI $325,112 @ 7.0% cap · market cap 81.28%
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
3,563
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 includes an in-home washer and dryer and a split-bedroom layout.
Where is this residential income property located?
The property is located at 1720 LAKE SHORE CREST DRIVE Unit 36 Reston, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,108+ square feet; Built in 1994; Split‑bedroom floor plan
