Residential Income Property with
2230 GEORGE C MARSHALL DRIVE Unit 1209, Falls Church, VA 22043
For Sale
$389,900
The twelfth-floor residence has a two-bedroom, two-bath layout and a renovated kitchen.
Property Size1,050 SF
Price / SF$371.33
Days on Market81
Property Features for 2230 GEORGE C MARSHALL DRIVE Unit 1209
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
wood floors
fireplace
private balconies
updated kitchen
quartz countertops
contemporary cabinetry
24/7 front desk security
year-round pool
tennis courts
fitness center
walking trails
Building Details
Building Size
Year Built
Listing Agency:
Homes By Owner, Inc.
Listed By:
Lawrence M. Lessin · License #0225025177
(301) 355-6104
Source:
Mxwrealestate
Added: Aug 20
Changed: Nov 3
Last Checked: Nov 8 at 9:29AM
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 Homes By Owner, Inc.
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Investment Insights
Based on property information with market context.
This 1,050-square-foot residence occupies the 12th floor and includes two bedrooms, two bathrooms, wood flooring, a fireplace, and two private balconies. The kitchen has quartz countertops and updated cabinetry. Built in 1987, the property is part of The Renaissance at Tysons.
Community amenities include a year-round swimming pool, tennis courts, a fitness center, walking trails, and a daily shuttle to Metro stations. The building also has a 24-hour front desk and security. I-66 and I-495 provide nearby highway access.
Community amenities include a year-round swimming pool, tennis courts, a fitness center, walking trails, and a daily shuttle to Metro stations. The building also has a 24-hour front desk and security. I-66 and I-495 provide nearby highway access.
Key Highlights
- 1,050 square feet on the 12th floor
- Two bedrooms, two bathrooms, and two private balconies
- Wood floors throughout and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,717
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,340
$314.3K
Cap Rate 7%
$224,529
$224.5K
Cap Rate 9%
$174,633
$174.6K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$30.2K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$28.6K $27.22/SF
− OpEx
−$12.9K −$12.25/SF
NOI
$15.7K $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%
$314,340
Cap Rate 7%
$224,529
Cap Rate 9%
$174,633
Alternative Uses
Best Use
Apartment 5plus
$224.5K
$196.5K – $262.0K
NOI $15,717 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.40M
$3.85M – $5.13M
NOI $308,094 @ 7.0% cap · market cap 79.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 22043, VA
25,850
Population
10,316
Households
2.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
4.7 sq mi
ZIP Area
5,500
Density / Sq Mi
$143,836
Median Household Income
$80,230
Median Earnings
$2,136
Median Rent
$868,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The twelfth-floor residence has a two-bedroom, two-bath layout and a renovated kitchen.
Where is this residential income property located?
The property is located at 2230 GEORGE C MARSHALL DRIVE Unit 1209 Falls Church, VA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 1,050 square feet on the 12th floor; Two bedrooms, two bathrooms, and two private balconies; Wood floors throughout and a fireplace
