Renovated Residential Income
For Sale
$279,900
1808 OLD MEADOW ROAD Unit 302, Mc Lean, VA 22102
The gated community includes a reception area and a private outlook toward trees.
Property Size784 SF
Price / SF$357.02
Days on Market59
Property Features for 1808 OLD MEADOW ROAD Unit 302
General Information
Standard status
Active
Size
784 SF
Total Parking Spaces
3
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Multifamily Units
1
Parking per Unit
3
Taxes and HOA fees
Annual Taxes
$2,020
Amenities
gated community
reception area
storage
Building Details
Building Size
784 SF
Year Built
1986
Listing Agency:
Giant Realty, Inc.
Listed By:
Jin Young Kim
(571) 213-9777
Source:
Jackrealtygroup
Added: Sep 5
Changed: Oct 27
Last Checked: Oct 31 at 7:12PM
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 Giant Realty, Inc.
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Investment Insights
Based on property information with market context.
Unit 302 offers 784 square feet with an open layout, hardwood floors, and a renovated interior featuring fresh paint and a custom-designed closet. The kitchen has stainless steel appliances and a new refrigerator. Three parking spaces and storage unit #175 are included, and the unit faces trees for a private view.
The gated community has a reception area. Tysons Corner Shopping Center and the Metro are nearby, with access to I-495 and I-66.
The gated community has a reception area. Tysons Corner Shopping Center and the Metro are nearby, with access to I-495 and I-66.
Key Highlights
- 784‑square‑foot unit with an open floor plan and hardwood floors
- Three parking spaces and storage unit #175 included
- Renovated interior with fresh paint and a custom‑designed closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,736
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,720
$234.7K
Cap Rate 7%
$167,657
$167.7K
Cap Rate 9%
$130,400
$130.4K
Market Conditions
NOI Build-Up for 784 SF
Gross rent
$22.6K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$21.3K $27.22/SF
− OpEx
−$9.6K −$12.25/SF
NOI
$11.7K $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%
$234,720
Cap Rate 7%
$167,657
Cap Rate 9%
$130,400
Alternative Uses
Best Use
Apartment 5plus
$167.7K
$146.7K – $195.6K
NOI $11,736 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.29M
$2.88M – $3.83M
NOI $230,043 @ 7.0% cap · market cap 82.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,491
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 gated community includes a reception area and a private outlook toward trees.
Where is this residential income property located?
The property is located at 1808 OLD MEADOW ROAD Unit 302 Mc Lean, VA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 784‑square‑foot unit with an open floor plan and hardwood floors; Three parking spaces and storage unit #175 included; Renovated interior with fresh paint and a custom‑designed closet
