One-Bedroom Residential Income
For Sale
$279,000
202 PARK TERRACE COURT SE Unit 21, Vienna, VA 22180
The unit combines an open kitchen and living area with a private balcony and access to shared community amenities.
Property Size718 SF
Price / SF$388.58
Days on Market60
Property Features for 202 PARK TERRACE COURT SE Unit 21
General Information
Standard status
Active
Size
718 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,097
Amenities
outdoor community pool
additional storage
common laundry facilities
Building Details
Building Size
718 SF
Year Built
1963
Listing Agency:
Keller Williams Realty
Listed By:
Faryal Ahmad Faheem · License #0225272319
(571) 245-7468
Source:
Jackrealtygroup
Added: Sep 2
Changed: Oct 27
Last Checked: Oct 26 at 3:53PM
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 718-square-foot residential unit includes one bedroom, one bathroom, an open kitchen and living area, and a private balcony. The building dates to 1963. A new A/C unit was installed in 2025, and the bathroom received a partial upgrade in 2026.
Residents have access to an outdoor pool, additional storage, common laundry facilities, and resident parking. The condo fee covers water, gas, trash collection, snow removal, and building maintenance. Shops, restaurants, grocery stores, the W&OD Trail, and Vienna Community Center are nearby.
Residents have access to an outdoor pool, additional storage, common laundry facilities, and resident parking. The condo fee covers water, gas, trash collection, snow removal, and building maintenance. Shops, restaurants, grocery stores, the W&OD Trail, and Vienna Community Center are nearby.
Key Highlights
- 718‑square‑foot unit with one bedroom and one bathroom
- Open kitchen and living area with a private balcony
- New A/C unit installed in 2025; bathroom partially upgraded in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,748
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,960
$215.0K
Cap Rate 7%
$153,543
$153.5K
Cap Rate 9%
$119,422
$119.4K
Market Conditions
NOI Build-Up for 718 SF
Gross rent
$20.7K $28.80/SF
− Vacancy
−$1.1K −$1.58/SF
EGI
$19.5K $27.22/SF
− OpEx
−$8.8K −$12.25/SF
NOI
$10.7K $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%
$214,960
Cap Rate 7%
$153,543
Cap Rate 9%
$119,422
Alternative Uses
Best Use
Apartment 5plus
$153.5K
$134.4K – $179.1K
NOI $10,748 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.01M
$2.63M – $3.51M
NOI $210,677 @ 7.0% cap · market cap 75.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,930
Businesses Nearby
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Business Placement
Demographics for 22180, VA
26,666
Population
10,013
Households
2.7
Avg Household Size
38
Median Age
76%
College-Educated
95%
High-School Grad
5.9 sq mi
ZIP Area
4,520
Density / Sq Mi
$181,467
Median Household Income
$90,369
Median Earnings
$2,335
Median Rent
$916,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit combines an open kitchen and living area with a private balcony and access to shared community amenities.
Where is this residential income property located?
The property is located at 202 PARK TERRACE COURT SE Unit 21 Vienna, VA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 718‑square‑foot unit with one bedroom and one bathroom; Open kitchen and living area with a private balcony; New A/C unit installed in 2025; bathroom partially upgraded in 2026
