One-Bedroom Residential Income
For Sale
$295,000
1923 WILSON LANE Unit 201, Mc Lean, VA 22102
The residence includes a private balcony, in-unit washer and dryer hookups, and community access to a pool and volleyball courts.
Property Size780 SF
Price / SF$378.21
Days on Market132
Property Features for 1923 WILSON LANE Unit 201
General Information
Standard status
Active
Size
780 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,242
Amenities
pool
volleyball courts
Building Details
Building Size
780 SF
Year Built
1964
Tenancy
Single
Listing Agency:
Samson Properties
Listed By:
Mudaser Jaura · License #0225256725
(703) 332-9760
Source:
Jackrealtygroup
Added: Jun 24
Changed: Oct 27
Last Checked: Oct 31 at 7:48PM
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 one-bedroom condominium measures 780 square feet and was built in 1964. Its layout includes an open living area, an eat-in kitchen with gas cooking, built-in microwave and dishwasher, and a separate dining area. A private balcony extends the living space, while the bedroom, full bath, and washer and dryer hookups provide the core residential features. The property is leased through September 2027.
Community amenities include an outdoor pool and volleyball courts. The condominium fee covers water, gas, trash removal, and exterior maintenance.
Community amenities include an outdoor pool and volleyball courts. The condominium fee covers water, gas, trash removal, and exterior maintenance.
Key Highlights
- 780‑square‑foot, one‑bedroom condominium
- Leased through September 2027
- Private balcony, eat‑in kitchen, and open living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,676
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,520
$233.5K
Cap Rate 7%
$166,800
$166.8K
Cap Rate 9%
$129,733
$129.7K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$22.5K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$21.2K $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%
$233,520
Cap Rate 7%
$166,800
Cap Rate 9%
$129,733
Alternative Uses
Best Use
Apartment 5plus
$166.8K
$146.0K – $194.6K
NOI $11,676 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.27M
$2.86M – $3.81M
NOI $228,870 @ 7.0% cap · market cap 77.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,895
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 a private balcony, in-unit washer and dryer hookups, and community access to a pool and volleyball courts.
Where is this residential income property located?
The property is located at 1923 WILSON LANE Unit 201 Mc Lean, VA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 780‑square‑foot, one‑bedroom condominium; Leased through September 2027; Private balcony, eat‑in kitchen, and open living area
