Renovated One-Bedroom
For Sale
$328,000
1800 OLD MEADOW ROAD Unit 1516, Mc Lean, VA 22102
The home includes an assigned garage space, private balcony, in-unit laundry, and access to three swimming pools.
Property Size938 SF
Price / SF$349.68
Days on Market117
Property Features for 1800 OLD MEADOW ROAD Unit 1516
General Information
Standard status
Active
Size
938 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,994
Amenities
private balcony
24-hour gated security
concierge service
elegant lobby
beautifully landscaped grounds
three swimming pools
grilling and picnic areas
party room
library
beauty salon
dry cleaning services
health club access
Building Details
Building Size
938 SF
Year Built
1977
Listing Agency:
Redfin Corporation
Listed By:
Anthony H Lam · License #0225204747
(703) 447-1061
Source:
Canopy-re
Added: Jul 9
Changed: Oct 27
Last Checked: Oct 31 at 8:31AM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
This 15th-floor condominium has one bedroom, one bath, and an open layout connecting the kitchen, dining area, and living room. The kitchen features granite counters, stainless steel appliances, a built-in wine refrigerator, ample cabinetry, and a breakfast bar. A private balcony, renovated bathroom, Bosch washer and dryer, assigned garage parking, and separate storage round out the residence. The building dates to 1977.
Community amenities include 24-hour gated security, concierge service, three swimming pools, grilling and picnic areas, a party room, library, beauty salon, and dry cleaning service. Residents also have direct access to an adjacent health club. The condominium fee includes cooling, heating, electricity, and other basic utilities.
The property is in McLean, with access to Tysons Corner Center, Tysons Galleria, Wegmans, Capital One Center, and McLean Metro Station. Nearby routes include I-495, I-66, Route 123, Route 7, and the Dulles Toll Road.
Community amenities include 24-hour gated security, concierge service, three swimming pools, grilling and picnic areas, a party room, library, beauty salon, and dry cleaning service. Residents also have direct access to an adjacent health club. The condominium fee includes cooling, heating, electricity, and other basic utilities.
The property is in McLean, with access to Tysons Corner Center, Tysons Galleria, Wegmans, Capital One Center, and McLean Metro Station. Nearby routes include I-495, I-66, Route 123, Route 7, and the Dulles Toll Road.
Key Highlights
- One‑bedroom, one‑bath residence on the 15th floor
- Open kitchen and living areas, private balcony, and renovated bathroom
- Kitchen includes granite counters, stainless steel appliances, and a built‑in wine refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,041
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,820
$280.8K
Cap Rate 7%
$200,586
$200.6K
Cap Rate 9%
$156,011
$156.0K
Market Conditions
NOI Build-Up for 938 SF
Gross rent
$27.0K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.5K $27.22/SF
− OpEx
−$11.5K −$12.25/SF
NOI
$14.0K $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%
$280,820
Cap Rate 7%
$200,586
Cap Rate 9%
$156,011
Alternative Uses
Best Use
Apartment 5plus
$200.6K
$175.5K – $234.0K
NOI $14,041 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.93M
$3.44M – $4.59M
NOI $275,230 @ 7.0% cap · market cap 83.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,424
Businesses Nearby
Explore this area
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 - The home includes an assigned garage space, private balcony, in-unit laundry, and access to three swimming pools.
Where is this residential income property located?
The property is located at 1800 OLD MEADOW ROAD Unit 1516 Mc Lean, VA.
What is the asking price?
The asking price for this property is $328,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath residence on the 15th floor; Open kitchen and living areas, private balcony, and renovated bathroom; Kitchen includes granite counters, stainless steel appliances, and a built‑in wine refrigerator
