Two-Bedroom Residential Income
For Sale
$400,000
1800 OLD MEADOW ROAD Unit 1204, Mc Lean, VA 22102
Updated corner residence with renovated kitchen and bathrooms, dedicated parking, and access to community amenities.
Property Size1,339 SF
Price / SF$298.73
Days on Market61
Property Features for 1800 OLD MEADOW ROAD Unit 1204
General Information
Standard status
Active
Size
1,339 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,780
Amenities
24-hour gated security
outdoor swimming pool
tennis courts
OneLife Fitness
Building Details
Building Size
1,339 SF
Year Built
1977
Listing Agency:
Samson Properties
Listed By:
Nezam Hakimi · License #0225269059
(202) 770-7001
Source:
Canopy-re
Added: Sep 3
Changed: Oct 26
Last Checked: Oct 31 at 1:55PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
At The Regency at McLean, this 1,403-square-foot corner residence offers two bedrooms and two full bathrooms. The kitchen and both bathrooms have been renovated, and a dedicated parking space is included. Built in 1977, the home has expansive windows and a corner setting.
Residents have access to 24-hour gated security, an outdoor pool, tennis courts, maintained grounds, visitor parking, and direct access to OneLife Fitness. All utilities are included in the condominium fee. The property is in McLean, near Tysons Corner, Metro access, commuter routes, shopping, and dining.
Residents have access to 24-hour gated security, an outdoor pool, tennis courts, maintained grounds, visitor parking, and direct access to OneLife Fitness. All utilities are included in the condominium fee. The property is in McLean, near Tysons Corner, Metro access, commuter routes, shopping, and dining.
Key Highlights
- Two bedrooms and two full bathrooms in 1,403 square feet
- Renovated kitchen and bathrooms
- Corner residence with expansive windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,043
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,860
$400.9K
Cap Rate 7%
$286,329
$286.3K
Cap Rate 9%
$222,700
$222.7K
Market Conditions
NOI Build-Up for 1,339 SF
Gross rent
$38.6K $28.80/SF
− Vacancy
−$2.1K −$1.58/SF
EGI
$36.4K $27.22/SF
− OpEx
−$16.4K −$12.25/SF
NOI
$20.0K $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%
$400,860
Cap Rate 7%
$286,329
Cap Rate 9%
$222,700
Alternative Uses
Best Use
Apartment 5plus
$286.3K
$250.5K – $334.1K
NOI $20,043 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.61M
$4.91M – $6.55M
NOI $392,893 @ 7.0% cap · market cap 98.22%
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
3,424
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 - Updated corner residence with renovated kitchen and bathrooms, dedicated parking, and access to community amenities.
Where is this residential income property located?
The property is located at 1800 OLD MEADOW ROAD Unit 1204 Mc Lean, 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 full bathrooms in 1,403 square feet; Renovated kitchen and bathrooms; Corner residence with expansive windows
