Residential Income Property with
For Sale
$289,000
1808 OLD MEADOW ROAD Unit 718, Mc Lean, VA 22102
The one-bedroom, one-bath residence includes an assigned garage space and access to building amenities.
Property Size826 SF
Price / SF$349.88
Days on Market54
Property Features for 1808 OLD MEADOW ROAD Unit 718
General Information
Standard status
Active
Size
826 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,594
Amenities
private balcony
fitness center
swimming pool
concierge
community spaces
secure building access
Building Details
Building Size
826 SF
Year Built
1986
Listing Agency:
Samson Properties
Listed By:
Ladan Aref · License #0225228702
(703) 225-8478
Source:
Jackrealtygroup
Added: Sep 10
Changed: Nov 2
Last Checked: Oct 31 at 5:11PM
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 826-square-foot residence has one bedroom, one bathroom, an open-plan living area, a kitchen with cabinet and counter space, and a private balcony. The building dates to 1986, and the unit includes an assigned garage parking space.
Residents have access to a fitness center, swimming pool, concierge, community spaces, and secure building entry. The property is in McLean, with access to Tysons Corner, shopping, dining, major commuter routes, and Metro.
Residents have access to a fitness center, swimming pool, concierge, community spaces, and secure building entry. The property is in McLean, with access to Tysons Corner, shopping, dining, major commuter routes, and Metro.
Key Highlights
- 826‑square‑foot residence with one bedroom and one bathroom
- Private balcony and open‑plan living area
- Assigned garage parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,364
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,280
$247.3K
Cap Rate 7%
$176,629
$176.6K
Cap Rate 9%
$137,378
$137.4K
Market Conditions
NOI Build-Up for 826 SF
Gross rent
$23.8K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$22.5K $27.22/SF
− OpEx
−$10.1K −$12.25/SF
NOI
$12.4K $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%
$247,280
Cap Rate 7%
$176,629
Cap Rate 9%
$137,378
Alternative Uses
Best Use
Apartment 5plus
$176.6K
$154.6K – $206.1K
NOI $12,364 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.46M
$3.03M – $4.04M
NOI $242,367 @ 7.0% cap · market cap 83.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 one-bedroom, one-bath residence includes an assigned garage space and access to building amenities.
Where is this residential income property located?
The property is located at 1808 OLD MEADOW ROAD Unit 718 Mc Lean, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 826‑square‑foot residence with one bedroom and one bathroom; Private balcony and open‑plan living area; Assigned garage parking space
