Residential Income Property with
For Sale
$430,000
19370 MAGNOLIA GROVE SQUARE Unit 212, Leesburg, VA 20176
A two-bedroom, two-bath residence pairs garage parking and dedicated storage with a wooded view.
Property Size1,444 SF
Price / SF$297.78
Days on Market30
Property Features for 19370 MAGNOLIA GROVE SQUARE Unit 212
General Information
Standard status
Active
Size
1,444 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,058
Building Details
Building Size
1,444 SF
Year Built
2004
Listing Agency:
Keller Williams Realty
Listed By:
Kim Spear · License #0225077886
(703) 618-6892
Source:
Canopy-re
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 27 at 4:12AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,444-square-foot Eaton-plan condominium in Magnolia South has two bedrooms, two full bathrooms, a sunroom and an in-unit laundry room. The kitchen includes Corian counters, light wood cabinetry and an adjoining breakfast area. New LVP flooring spans the foyer, living and dining rooms, bedrooms and hallways; the unit also received fresh paint. A private garage storage space and assigned garage parking are included. The HVAC system was replaced in 2020, and the building dates to 2004.
The home is part of Lansdowne Woods, a 55+ community with a 48,000-square-foot clubhouse, indoor saltwater pool, fitness facilities, courts, studios, library and theater. Residents must be at least 45; ownership is open to any age. Community services include hot and cold water, internet, cable TV, trash and recycling, HVAC servicing, window washing and bus service. Lansdowne Town Center, Inova Loudoun Hospital and Historic Leesburg are among the nearby destinations; Leesburg is approximately four miles away.
The home is part of Lansdowne Woods, a 55+ community with a 48,000-square-foot clubhouse, indoor saltwater pool, fitness facilities, courts, studios, library and theater. Residents must be at least 45; ownership is open to any age. Community services include hot and cold water, internet, cable TV, trash and recycling, HVAC servicing, window washing and bus service. Lansdowne Town Center, Inova Loudoun Hospital and Historic Leesburg are among the nearby destinations; Leesburg is approximately four miles away.
Key Highlights
- 1,444‑square‑foot Eaton floor plan with two bedrooms and two full bathrooms
- Sunroom overlooks wooded green space and connects to the living room, kitchen area and second bedroom
- Assigned garage parking and a private storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,521
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,420
$450.4K
Cap Rate 7%
$321,729
$321.7K
Cap Rate 9%
$250,233
$250.2K
Market Conditions
NOI Build-Up for 1,444 SF
Gross rent
$43.8K $30.36/SF
− Vacancy
−$2.9K −$2.00/SF
EGI
$40.9K $28.36/SF
− OpEx
−$18.4K −$12.76/SF
NOI
$22.5K $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%
$450,420
Cap Rate 7%
$321,729
Cap Rate 9%
$250,233
Alternative Uses
Best Use
Apartment 5plus
$321.7K
$281.5K – $375.4K
NOI $22,521 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$452.5K
$396.0K – $528.0K
NOI $31,678 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
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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 - A two-bedroom, two-bath residence pairs garage parking and dedicated storage with a wooded view.
Where is this residential income property located?
The property is located at 19370 MAGNOLIA GROVE SQUARE Unit 212 Leesburg, VA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 1,444‑square‑foot Eaton floor plan with two bedrooms and two full bathrooms; Sunroom overlooks wooded green space and connects to the living room, kitchen area and second bedroom; Assigned garage parking and a private storage space
