Two-Level Residential Income
For Sale
$637,000
1800 OLD MEADOW ROAD Unit 218, Mc Lean, VA 22102
The residence includes three bedrooms, a patio, and access to shared recreational and service amenities.
Property Size2,638 SF
Price / SF$241.47
Days on Market111
Property Features for 1800 OLD MEADOW ROAD Unit 218
General Information
Standard status
Active
Size
2,638 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/3.5BA
Multifamily Units
1
Parking per Unit
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,196
Amenities
gated entrance
secure building access
24-hour concierge
three swimming pools
landscaped Plaza with fire pits and grilling areas
social room
library
on-site management
OneLife Fitness Club
pedestrian and bicycle bridge
Building Details
Building Size
2,638 SF
Year Built
1977
Listing Agency:
Corcoran McEnearney
Listed By:
Elizabeth L Carson · License #0225135498
(703) 599-9494
Source:
Evansgroupdmv
Added: Jul 17
Changed: Nov 2
Last Checked: Nov 4 at 7:09AM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
This 2,638-square-foot condominium spans two levels in a building constructed in 1977. The upper floor has a living area, kitchen, two bedrooms, and two full bathrooms. Sliding doors connect the living room and primary bedroom to a semi-private patio. On the lower level, a recreation room is accompanied by a separate flexible-use room, a third bedroom, a full bathroom, a powder room, and laundry and storage space.
The property is in Tysons, with access to two nearby Metro stations and four major commuter roads. A pedestrian and bicycle bridge connects the gated entrance to Tysons Corner Center. Tysons Galleria is a three-minute drive away.
Residents have two garage parking spaces, a 24-hour concierge, three swimming pools, a social room, a library, and landscaped common areas with fire pits and grilling facilities. The building also has secure entry and on-site management, with direct access to OneLife Fitness Club, whose membership includes fitness facilities, tennis courts, and a restaurant.
The property is in Tysons, with access to two nearby Metro stations and four major commuter roads. A pedestrian and bicycle bridge connects the gated entrance to Tysons Corner Center. Tysons Galleria is a three-minute drive away.
Residents have two garage parking spaces, a 24-hour concierge, three swimming pools, a social room, a library, and landscaped common areas with fire pits and grilling facilities. The building also has secure entry and on-site management, with direct access to OneLife Fitness Club, whose membership includes fitness facilities, tennis courts, and a restaurant.
Key Highlights
- 2,638‑square‑foot condominium with a two‑level layout
- Three bedrooms, three full bathrooms, and one powder room
- Semi‑private patio accessed from both the living room and primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,488
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,760
$789.8K
Cap Rate 7%
$564,114
$564.1K
Cap Rate 9%
$438,756
$438.8K
Market Conditions
NOI Build-Up for 2,638 SF
Gross rent
$76.0K $28.80/SF
− Vacancy
−$4.2K −$1.58/SF
EGI
$71.8K $27.22/SF
− OpEx
−$32.3K −$12.25/SF
NOI
$39.5K $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%
$789,760
Cap Rate 7%
$564,114
Cap Rate 9%
$438,756
Alternative Uses
Best Use
Apartment 5plus
$564.1K
$493.6K – $658.1K
NOI $39,488 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.06M
$9.68M – $12.90M
NOI $774,049 @ 7.0% cap · market cap 121.51%
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 - The residence includes three bedrooms, a patio, and access to shared recreational and service amenities.
Where is this residential income property located?
The property is located at 1800 OLD MEADOW ROAD Unit 218 Mc Lean, VA.
What is the asking price?
The asking price for this property is $637,000.
What are key features of this property?
This property features: 2,638‑square‑foot condominium with a two‑level layout; Three bedrooms, three full bathrooms, and one powder room; Semi‑private patio accessed from both the living room and primary bedroom
