One-Bedroom
For Sale
$293,000
1914 WILSON Unit 204, Mc Lean, VA 22102
An in-unit washer and dryer, separate dining room, and balcony add useful features to the residence.
Property Size816 SF
Price / SF$359.07
Days on Market98
Property Features for 1914 WILSON Unit 204
General Information
Standard status
Active
Size
816 SF
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
$3,340
Amenities
balcony
washer/dryer in unit
pool
Building Details
Building Size
816 SF
Year Built
1964
Listing Agency:
Premiere Property Management, LLC
Listed By:
Erin Peabody · License #0225218189
(703) 382-6690
Source:
Jackrealtygroup
Added: Jul 28
Changed: Nov 2
Last Checked: Oct 31 at 2:31PM
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 Premiere Property Management, LLC
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Investment Insights
Based on property information with market context.
This 816-square-foot condominium, built in 1964, has one bedroom and one bathroom. Its layout includes a separate dining room and a balcony, while an in-unit washer and dryer and new HVAC provide additional features. Residents also have access to a community pool.
The property is less than 2 miles from Metro. The residence combines a defined dining area with private outdoor space and in-unit laundry.
The property is less than 2 miles from Metro. The residence combines a defined dining area with private outdoor space and in-unit laundry.
Key Highlights
- 816‑square‑foot condominium with one bedroom and one bathroom
- Community pool
- Metro is less than 2 miles away
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,215
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,300
$244.3K
Cap Rate 7%
$174,500
$174.5K
Cap Rate 9%
$135,722
$135.7K
Market Conditions
NOI Build-Up for 816 SF
Gross rent
$23.5K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$22.2K $27.22/SF
− OpEx
−$10.0K −$12.25/SF
NOI
$12.2K $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%
$244,300
Cap Rate 7%
$174,500
Cap Rate 9%
$135,722
Alternative Uses
Best Use
Apartment 5plus
$174.5K
$152.7K – $203.6K
NOI $12,215 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.42M
$2.99M – $3.99M
NOI $239,433 @ 7.0% cap · market cap 81.72%
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
Location Intelligence
Trade Area within ½ mile
3,841
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 - An in-unit washer and dryer, separate dining room, and balcony add useful features to the residence.
Where is this residential income property located?
The property is located at 1914 WILSON Unit 204 Mc Lean, VA.
What is the asking price?
The asking price for this property is $293,000.
What are key features of this property?
This property features: 816‑square‑foot condominium with one bedroom and one bathroom; Community pool; Metro is less than 2 miles away
