Residential Income Property in Need of
For Sale
$170,000
1951 SAGEWOOD Unit 317, Reston, VA 20191
The 1985-built unit is offered in as-is condition and requires rehabilitation.
Property Size426 SF
Price / SF$399.06
Days on Market31
Property Features for 1951 SAGEWOOD Unit 317
General Information
Standard status
Active
Size
426 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
PROPERTY NEEDS REHAB
Taxes and HOA fees
Annual Taxes
$1,649
Building Details
Building Size
426 SF
Year Built
1985
Listing Agency:
Samson Properties
Listed By:
Tony O Saa · License #0225085946
(703) 314-7742
Source:
Catoctinproperties
Added: Oct 5
Changed: Oct 26
Last Checked: Nov 3 at 6:17AM
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 residential income property is a unit built in 1985. It requires rehabilitation and is being offered in its current as-is condition. The property is at 1951 Sagewood, Unit 317, in Reston, Virginia.
Key Highlights
- Built in 1985
- Offered as‑is; rehabilitation is needed
- Located at 1951 Sagewood, Unit 317, Reston, VA 20191
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,377
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$127,540
$127.5K
Cap Rate 7%
$91,100
$91.1K
Cap Rate 9%
$70,856
$70.9K
Market Conditions
NOI Build-Up for 426 SF
Gross rent
$12.3K $28.80/SF
− Vacancy
−$675 −$1.58/SF
EGI
$11.6K $27.22/SF
− OpEx
−$5.2K −$12.25/SF
NOI
$6.4K $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%
$127,540
Cap Rate 7%
$91,100
Cap Rate 9%
$70,856
Alternative Uses
Best Use
Apartment 5plus
$91.1K
$79.7K – $106.3K
NOI $6,377 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.79M
$1.56M – $2.08M
NOI $124,998 @ 7.0% cap · market cap 73.53%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1985-built unit is offered in as-is condition and requires rehabilitation.
Where is this residential income property located?
The property is located at 1951 SAGEWOOD Unit 317 Reston, VA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Built in 1985; Offered as‑is; rehabilitation is needed; Located at 1951 Sagewood, Unit 317, Reston, VA 20191
