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Residential Income Property with Balcony
For Sale
$198,000

1951 SAGEWOOD LN #523, Reston, VA 20191

RESTON, VA

Property SizeContact for details
Days on Market42

Property Features for 1951 SAGEWOOD LN #523

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1
Subdivision THOREAU PLACE CONDOS
Elementary school district FAIRFAX COUNTY PUBLIC SCHOOLS
Middle school district FAIRFAX COUNTY PUBLIC SCHOOLS
High school district FAIRFAX COUNTY PUBLIC SCHOOLS
Standard status Active

Amenities

staffed front desk
library
solarium
exercise room
rooftop decks
in-unit laundry
balcony
extra storage space

Building Details

Year built 1985
Listing Agency: Reston
Listed By: Missy Edmondson
Added: Jul 16 Changed: Aug 23 Last Checked: Aug 26 at 7:06AM
MLS# VAFX2328954

Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This upgraded one-bedroom, one-bath residential unit includes a private balcony, in-unit laundry, additional storage, and one garage parking space. Interior improvements include new carpeting, fresh paint, a kitchen with granite counters, white cabinetry, and stainless steel appliances, plus a remodeled bath with a walk-in shower, built-in seat, and grab bar.

The 1985 community features a staffed front desk, library, solarium, exercise room, landscaped grounds, fountains, and two rooftop decks. Residents also have access to pools, walking paths, tennis, pickleball, and activities at Thoreau House. Wiehle Metro Station is less than 1 mile away, while a shopping center across the street includes Starbucks, Safeway, CVS, and restaurants. The property is located in Reston, Virginia.

Key Highlights

  • One‑bedroom, one‑bath unit with balcony and one garage parking space
  • Kitchen upgraded with granite countertops, white cabinetry, and stainless steel appliances
  • Bathroom includes walk‑in shower, built‑in seat, and grab bar

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Hair Salon Nail Salon (Bike/Boat/Book/etc) Store Barber Shop Furniture & Home Goods Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,356
Businesses Nearby

Demographics for 20191, VA

29,948
Population
12,744
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
93%
High-School Grad
7.8 sq mi
ZIP Area
3,839
Density / Sq Mi
$141,019
Median Household Income
$62,313
Median Earnings
$1,983
Median Rent
$616,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Updated one-bedroom residence in a 55+ active-adult community with garage parking, private laundry, and extensive shared amenities.
Where is this residential income property located?
The property is located at 1951 SAGEWOOD LN #523 Reston, VA.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath unit with balcony and one garage parking space; Kitchen upgraded with granite countertops, white cabinetry, and stainless steel appliances; Bathroom includes walk‑in shower, built‑in seat, and grab bar
More about this property
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