Renovated Residential Income
For Sale
$425,000
1800 OLD MEADOW ROAD Unit 1619, Mc Lean, VA 22102
A two-bedroom residence pairs updated interiors with full-service building amenities and reserved underground parking.
Property Size1,341 SF
Price / SF$316.93
Days on Market74
Property Features for 1800 OLD MEADOW ROAD Unit 1619
General Information
Standard status
Active
Size
1,341 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,807
Amenities
24-hour concierge
gated security
three outdoor pools
landscaped plaza with fire pits and grills
library
social room
hobby room
salon
fitness access
in-unit washer/dryer
private storage unit
Building Details
Building Size
1,341 SF
Year Built
1978
Listing Agency:
Compass
Listed By:
Joy Deevy · License #0225063103
(703) 930-5198
Source:
Mxwrealestate
Added: Aug 21
Changed: Oct 31
Last Checked: Oct 30 at 2:07AM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,341-square-foot, two-bedroom, two-bath condominium residence occupies the 16th floor of the Regency at McLean. Renovations include new flooring, kitchen cabinetry, countertops and appliances, along with remodeled bathrooms. The unit also has a full-size washer and dryer, reserved underground parking and a private storage unit. The building was constructed in 1978.
Building features include 24-hour concierge service, gated security, three outdoor pools, a landscaped plaza with fire pits and grills, a library, social room, hobby room and salon. Residents have indoor access to OneLife Fitness next door. Heating, cooling, electricity and water are included in the condo fee.
The property is within walking distance of McLean Metro, Tysons Corner Center, Tysons Galleria, Wegmans and Capital One Hall. I-495, I-66 and the Dulles Access Road are within minutes.
Building features include 24-hour concierge service, gated security, three outdoor pools, a landscaped plaza with fire pits and grills, a library, social room, hobby room and salon. Residents have indoor access to OneLife Fitness next door. Heating, cooling, electricity and water are included in the condo fee.
The property is within walking distance of McLean Metro, Tysons Corner Center, Tysons Galleria, Wegmans and Capital One Hall. I-495, I-66 and the Dulles Access Road are within minutes.
Key Highlights
- 1,341‑square‑foot condominium residence on the 16th floor
- Two bedrooms and two bathrooms
- Renovated kitchen and bathrooms; new flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,073
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,460
$401.5K
Cap Rate 7%
$286,757
$286.8K
Cap Rate 9%
$223,033
$223.0K
Market Conditions
NOI Build-Up for 1,341 SF
Gross rent
$38.6K $28.80/SF
− Vacancy
−$2.1K −$1.58/SF
EGI
$36.5K $27.22/SF
− OpEx
−$16.4K −$12.25/SF
NOI
$20.1K $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%
$401,460
Cap Rate 7%
$286,757
Cap Rate 9%
$223,033
Alternative Uses
Best Use
Apartment 5plus
$286.8K
$250.9K – $334.6K
NOI $20,073 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.62M
$4.92M – $6.56M
NOI $393,480 @ 7.0% cap · market cap 92.58%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
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 - A two-bedroom residence pairs updated interiors with full-service building amenities and reserved underground parking.
Where is this residential income property located?
The property is located at 1800 OLD MEADOW ROAD Unit 1619 Mc Lean, VA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,341‑square‑foot condominium residence on the 16th floor; Two bedrooms and two bathrooms; Renovated kitchen and bathrooms; new flooring throughout
