Two-Bedroom Residential Income
For Sale
$309,900
1935 WILSON LANE Unit T3, Mc Lean, VA 22102
Residents have access to a pool, sports courts, a playground, picnic and grill areas, and a dog park.
Property Size959 SF
Price / SF$323.15
Days on Market36
Property Features for 1935 WILSON LANE Unit T3
General Information
Standard status
Active
Size
959 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
updates and TLC
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,729
Amenities
outdoor pool
volleyball and basketball courts
playground
picnic/grill areas
dog park
extra storage
Building Details
Building Size
959 SF
Year Built
1964
Construction
garden-style
Listing Agency:
Burch Real Estate Group, LLC
Listed By:
Cameron Senseney · License #0225269882
(540) 335-1277
Source:
Jackrealtygroup
Added: Sep 28
Changed: Oct 27
Last Checked: Oct 31 at 5:23PM
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 Burch Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This two-bedroom, one-bathroom condominium offers approximately 959 square feet and is being sold as-is. Built in 1964, the unit is ready for updates. Community amenities include an outdoor pool, volleyball and basketball courts, a playground, picnic and grill spaces, a dog park, and additional storage.
The property is in McLean, minutes from the Silver Line Metro and Tysons Corner shopping and dining. I-495, I-66, Routes 7 and 123, and Dulles and Reagan airports are also nearby.
The property is in McLean, minutes from the Silver Line Metro and Tysons Corner shopping and dining. I-495, I-66, Routes 7 and 123, and Dulles and Reagan airports are also nearby.
Key Highlights
- Two bedrooms and one bathroom in approximately 959 sq ft
- Built in 1964
- Sold as‑is and ready for updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,355
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,100
$287.1K
Cap Rate 7%
$205,071
$205.1K
Cap Rate 9%
$159,500
$159.5K
Market Conditions
NOI Build-Up for 959 SF
Gross rent
$27.6K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$26.1K $27.22/SF
− OpEx
−$11.7K −$12.25/SF
NOI
$14.4K $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%
$287,100
Cap Rate 7%
$205,071
Cap Rate 9%
$159,500
Alternative Uses
Best Use
Apartment 5plus
$205.1K
$179.4K – $239.3K
NOI $14,355 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.02M
$3.52M – $4.69M
NOI $281,392 @ 7.0% cap · market cap 90.80%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,895
Businesses Nearby
Explore this area
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 - Residents have access to a pool, sports courts, a playground, picnic and grill areas, and a dog park.
Where is this residential income property located?
The property is located at 1935 WILSON LANE Unit T3 Mc Lean, VA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two bedrooms and one bathroom in approximately 959 sq ft; Built in 1964; Sold as‑is and ready for updates
