One-Bedroom
For Sale
$274,900
1808 OLD MEADOW ROAD Unit 503, Mc Lean, VA 22102
The residence pairs an open living area with a pass-through kitchen and a walk-in closet.
Property Size617 SF
Price / SF$445.54
Days on Market129
Property Features for 1808 OLD MEADOW ROAD Unit 503
General Information
Standard status
Active
Size
617 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,210
Amenities
concierge
gated entry
fitness center
swimming pool
party room
storage bin
Building Details
Building Size
617 SF
Year Built
1986
Listing Agency:
Samson Properties
Listed By:
Crystal Catherine-Laurina Thorne · License #0225234280
(202) 372-6631
Source:
Jackrealtygroup
Added: Jun 27
Changed: Oct 27
Last Checked: Oct 31 at 5:16PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 617-square-foot condominium in a 1986 building has one bedroom and one bathroom. An open living area connects to a kitchen with granite countertops, white cabinetry, a marble backsplash, and a pass-through window. The bedroom includes a walk-in closet, and a floor-to-ceiling balcony window brings natural light into the unit. One assigned parking space is included.
Building amenities include a concierge, gated entry, fitness center, swimming pool, party room, and storage bin. Condo fees cover gas, heat, water, sewer, trash, exterior building maintenance, and common area maintenance. Shopping, dining, and major commuter routes are nearby, with Tysons and McLean also referenced as surrounding destinations.
Building amenities include a concierge, gated entry, fitness center, swimming pool, party room, and storage bin. Condo fees cover gas, heat, water, sewer, trash, exterior building maintenance, and common area maintenance. Shopping, dining, and major commuter routes are nearby, with Tysons and McLean also referenced as surrounding destinations.
Key Highlights
- 617‑square‑foot, one‑bedroom, one‑bathroom condominium
- Kitchen features granite countertops, white cabinetry, and a marble backsplash
- Floor‑to‑ceiling balcony window and a walk‑in bedroom closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,236
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,720
$184.7K
Cap Rate 7%
$131,943
$131.9K
Cap Rate 9%
$102,622
$102.6K
Market Conditions
NOI Build-Up for 617 SF
Gross rent
$17.8K $28.80/SF
− Vacancy
−$977 −$1.58/SF
EGI
$16.8K $27.22/SF
− OpEx
−$7.6K −$12.25/SF
NOI
$9.2K $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%
$184,720
Cap Rate 7%
$131,943
Cap Rate 9%
$102,622
Alternative Uses
Best Use
Apartment 5plus
$131.9K
$115.5K – $153.9K
NOI $9,236 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.59M
$2.26M – $3.02M
NOI $181,042 @ 7.0% cap · market cap 65.86%
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 pairs an open living area with a pass-through kitchen and a walk-in closet.
Where is this residential income property located?
The property is located at 1808 OLD MEADOW ROAD Unit 503 Mc Lean, VA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 617‑square‑foot, one‑bedroom, one‑bathroom condominium; Kitchen features granite countertops, white cabinetry, and a marble backsplash; Floor‑to‑ceiling balcony window and a walk‑in bedroom closet
