Residential Income Property with Recreation
For Sale
$340,000
1808 OLD MEADOW ROAD Unit 404, Mc Lean, VA 22102
The residence includes assigned garage parking, private storage, and access to extensive shared recreation facilities.
Property Size884 SF
Price / SF$384.62
Days on Market60
Property Features for 1808 OLD MEADOW ROAD Unit 404
General Information
Standard status
Active
Size
884 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
update on your timeline
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,742
Amenities
gym
health club
basketball court
tennis court
pool
sauna
resident's lounge
electric gate
security gate
security system
on-site security staff
concierge
bike room
common storage
private storage
courtyard
deck
dishwasher
electric stove
refrigerator
washer/dryer
Building Details
Building Size
884 SF
Year Built
1986
Listing Agency:
Compass
Listed By:
Juli Clifford · License #0225194891
(703) 980-0243
Source:
Jackrealtygroup
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 30 at 11:59AM
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 884-square-foot, two-bedroom, two-bathroom condominium was built in 1986 and is offered in as-is condition. Interior finishes include carpet and ceramic flooring; the kitchen has a dishwasher, electric range, and refrigerator. An in-unit European-style washer and dryer are also included.
Residents have access to a fitness center, health club, basketball and tennis courts, swimming pool, sauna, lounge, courtyard, and deck. Building services and features include a 24-hour concierge, on-site security, gated access, assigned garage parking, private storage, bike room, and common storage. The pet policy allows either up to two cats or one small dog and one cat.
Residents have access to a fitness center, health club, basketball and tennis courts, swimming pool, sauna, lounge, courtyard, and deck. Building services and features include a 24-hour concierge, on-site security, gated access, assigned garage parking, private storage, bike room, and common storage. The pet policy allows either up to two cats or one small dog and one cat.
Key Highlights
- Two‑bedroom, two‑bathroom residence with 884 square feet
- Built in 1986; conveyed in as‑is condition
- Kitchen includes a dishwasher, electric range, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,232
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,640
$264.6K
Cap Rate 7%
$189,029
$189.0K
Cap Rate 9%
$147,022
$147.0K
Market Conditions
NOI Build-Up for 884 SF
Gross rent
$25.5K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$24.1K $27.22/SF
− OpEx
−$10.8K −$12.25/SF
NOI
$13.2K $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%
$264,640
Cap Rate 7%
$189,029
Cap Rate 9%
$147,022
Alternative Uses
Best Use
Apartment 5plus
$189.0K
$165.4K – $220.5K
NOI $13,232 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.71M
$3.24M – $4.32M
NOI $259,385 @ 7.0% cap · market cap 76.29%
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
4,491
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 assigned garage parking, private storage, and access to extensive shared recreation facilities.
Where is this residential income property located?
The property is located at 1808 OLD MEADOW ROAD Unit 404 Mc Lean, VA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom residence with 884 square feet; Built in 1986; conveyed in as‑is condition; Kitchen includes a dishwasher, electric range, and refrigerator
