Residential Income Property with
For Sale
$479,000
1800 OLD MEADOW ROAD Unit 101, Mc Lean, VA 22102
Two bedrooms, two baths, in-unit laundry, and garage parking support a well-equipped residential layout.
Property Size1,476 SF
Price / SF$324.53
Days on Market104
Property Features for 1800 OLD MEADOW ROAD Unit 101
General Information
Standard status
Active
Size
1,476 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,229
Amenities
outdoor pool
picnic area
concierge services
in-unit laundry
24-hour security
gated community
beauty salon
library
convenience store
Building Details
Building Size
1,476 SF
Year Built
1977
Listing Agency:
Diba Properties
Listed By:
Panthea Mohtasham · License #0225039364
(703) 969-8833
Source:
Irvinrealtyllc
Added: Jul 22
Changed: Oct 27
Last Checked: Nov 1 at 10:42AM
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 Diba Properties
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Investment Insights
Based on property information with market context.
This 1,476-square-foot residence in a high-rise building has two bedrooms and two bathrooms, with a combined living and dining area. The kitchen includes stainless steel appliances and a pantry. A private wraparound balcony extends the living space, while in-unit laundry and an additional storage room add practical convenience. The unit was built in 1977 and has been freshly painted.
Residents have access to a community pool, picnic area, concierge service, and 24-hour security. The gated property also includes two reserved garage parking spaces. All utilities except internet are included in the condo fee.
Residents have access to a community pool, picnic area, concierge service, and 24-hour security. The gated property also includes two reserved garage parking spaces. All utilities except internet are included in the condo fee.
Key Highlights
- 1,476‑square‑foot residence with 2 bedrooms and 2 bathrooms
- Private wraparound balcony
- Two reserved garage parking spaces and a separate storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,094
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,880
$441.9K
Cap Rate 7%
$315,629
$315.6K
Cap Rate 9%
$245,489
$245.5K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$42.5K $28.80/SF
− Vacancy
−$2.3K −$1.58/SF
EGI
$40.2K $27.22/SF
− OpEx
−$18.1K −$12.25/SF
NOI
$22.1K $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%
$441,880
Cap Rate 7%
$315,629
Cap Rate 9%
$245,489
Alternative Uses
Best Use
Apartment 5plus
$315.6K
$276.2K – $368.2K
NOI $22,094 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.19M
$5.41M – $7.22M
NOI $433,092 @ 7.0% cap · market cap 90.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,424
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 - Two bedrooms, two baths, in-unit laundry, and garage parking support a well-equipped residential layout.
Where is this residential income property located?
The property is located at 1800 OLD MEADOW ROAD Unit 101 Mc Lean, VA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 1,476‑square‑foot residence with 2 bedrooms and 2 bathrooms; Private wraparound balcony; Two reserved garage parking spaces and a separate storage room
