Residential Income Property with
For Sale
$479,990
Pending
19316 DIAMOND LAKE DRIVE, Leesburg, VA 20176
Two-level condo offers flexible living space, attached parking, and access to a walkable retail and dining district.
Property Size1,606 SF
Days on Market62
Property Features for 19316 DIAMOND LAKE DRIVE
General Information
Standard status
Pending
Size
1,606 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
outdoor pool
clubhouse
fitness center
playgrounds
walking and jogging paths
green spaces
neighborhood gathering areas
fireplace
private balcony
Building Details
Building Size
1,606 SF
Year Built
2009
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Anna Maria Dendrinou
(571) 386-1075
Source:
Kdrealtygroup.kw
Added: Aug 28
Changed: Oct 25
Last Checked: Oct 26 at 12:45PM
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 Pearson Smith Realty, LLC
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Investment Insights
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This two-level, townhome-style condominium combines an open main-floor layout with adaptable upper-level space. Hardwood flooring extends through the living and dining areas, where a fireplace anchors the room. The kitchen includes granite counters, stainless-steel appliances, a custom backsplash, and substantial cabinetry. A powder room, private driveway, and attached one-car garage serve the main level.
Upstairs are two bedrooms, two full bathrooms, and bedroom-level laundry. The former third-bedroom area is configured as a large family room with private balcony access, creating additional room for office, recreation, or living use. The property was built in 2009.
The home is located steps from Lansdowne Town Center, with restaurants, coffee shops, grocery shopping, fitness and wellness studios, retail, and daily conveniences nearby. Community amenities include an outdoor pool, clubhouse, fitness center, playgrounds, walking and jogging paths, green spaces, and gathering areas. Route 7, Route 28, the Dulles Greenway, Dulles International Airport, One Loudoun, Historic Downtown Leesburg, and Leesburg Premium Outlets are also accessible from the property.
Upstairs are two bedrooms, two full bathrooms, and bedroom-level laundry. The former third-bedroom area is configured as a large family room with private balcony access, creating additional room for office, recreation, or living use. The property was built in 2009.
The home is located steps from Lansdowne Town Center, with restaurants, coffee shops, grocery shopping, fitness and wellness studios, retail, and daily conveniences nearby. Community amenities include an outdoor pool, clubhouse, fitness center, playgrounds, walking and jogging paths, green spaces, and gathering areas. Route 7, Route 28, the Dulles Greenway, Dulles International Airport, One Loudoun, Historic Downtown Leesburg, and Leesburg Premium Outlets are also accessible from the property.
Key Highlights
- Two‑level townhome‑style condominium built in 2009
- Open living and dining areas with hardwood floors and fireplace
- Kitchen with granite counters, stainless‑steel appliances, custom backsplash, and generous cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,047
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,940
$500.9K
Cap Rate 7%
$357,814
$357.8K
Cap Rate 9%
$278,300
$278.3K
Market Conditions
NOI Build-Up for 1,606 SF
Gross rent
$48.8K $30.36/SF
− Vacancy
−$3.2K −$2.00/SF
EGI
$45.5K $28.36/SF
− OpEx
−$20.5K −$12.76/SF
NOI
$25.0K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,940
Cap Rate 7%
$357,814
Cap Rate 9%
$278,300
Alternative Uses
Best Use
Apartment 5plus
$357.8K
$313.1K – $417.5K
NOI $25,047 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$503.3K
$440.4K – $587.2K
NOI $35,232 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 20176, VA
51,777
Population
17,044
Households
3
Avg Household Size
38
Median Age
59%
College-Educated
94%
High-School Grad
54.9 sq mi
ZIP Area
943
Density / Sq Mi
$166,870
Median Household Income
$67,473
Median Earnings
$2,089
Median Rent
$702,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condo offers flexible living space, attached parking, and access to a walkable retail and dining district.
Where is this residential income property located?
The property is located at 19316 DIAMOND LAKE DRIVE Leesburg, VA.
What is the asking price?
The asking price for this property is $479,990.
What are key features of this property?
This property features: Two‑level townhome‑style condominium built in 2009; Open living and dining areas with hardwood floors and fireplace; Kitchen with granite counters, stainless‑steel appliances, custom backsplash, and generous cabinetry
