Two-Bedroom Residential
For Sale
$374,500
2230 GEORGE C MARSHALL DRIVE Unit 313, Falls Church, VA 22043
Split-level layout pairs two en-suite bedrooms with a private balcony and in-unit laundry.
Property Size1,074 SF
Price / SF$348.70
Days on Market127
Property Features for 2230 GEORGE C MARSHALL DRIVE Unit 313
General Information
Standard status
Active
Size
1,074 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,489
Amenities
fitness center
outdoor swimming pool
hot tub
sauna
tennis courts
dog park
party room
24/7 lobby concierge
gated security
in-unit washer/dryer
private balcony
Building Details
Building Size
1,074 SF
Year Built
1987
Listing Agency:
Samson Properties
Listed By:
Rajan Lalwani · License #0225256931
(703) 750-0484
Source:
Irvinrealtyllc
Added: Jun 24
Changed: Oct 27
Last Checked: Oct 27 at 3:16AM
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 1,074-square-foot condominium has a split-level plan with two en-suite bedrooms, walk-in closets, and two bathrooms. The living area opens to a private balcony. The kitchen includes shaker cabinetry, granite counters, and stainless steel appliances. In-unit laundry is provided. Recent work includes bedroom carpeting, a dishwasher, a built-in microwave, and a stacked washer and dryer; the unit has also been painted and fitted with luxury vinyl plank flooring and a new refrigerator.
The Renaissance community offers a fitness center, outdoor pool and hot tub, sauna, tennis courts, dog park, party room, and maintained common grounds. Building services include a 24-hour lobby concierge and gated security. A complimentary shuttle serves the Metro, which is also within walking distance. Tysons Corner and major transportation routes are nearby.
The condominium fee covers water, sewer, and trash; residents pay for electricity. The building was completed in 1987.
The Renaissance community offers a fitness center, outdoor pool and hot tub, sauna, tennis courts, dog park, party room, and maintained common grounds. Building services include a 24-hour lobby concierge and gated security. A complimentary shuttle serves the Metro, which is also within walking distance. Tysons Corner and major transportation routes are nearby.
The condominium fee covers water, sewer, and trash; residents pay for electricity. The building was completed in 1987.
Key Highlights
- 1,074 sq. ft. split‑level condominium with two en‑suite bedrooms and two bathrooms
- Private balcony, walk‑in closets, and in‑unit washer and dryer
- Updated bedroom carpet, dishwasher, built‑in microwave, stacked washer/dryer, flooring, and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,076
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,520
$321.5K
Cap Rate 7%
$229,657
$229.7K
Cap Rate 9%
$178,622
$178.6K
Market Conditions
NOI Build-Up for 1,074 SF
Gross rent
$30.9K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$29.2K $27.22/SF
− OpEx
−$13.2K −$12.25/SF
NOI
$16.1K $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%
$321,520
Cap Rate 7%
$229,657
Cap Rate 9%
$178,622
Alternative Uses
Best Use
Apartment 5plus
$229.7K
$201.0K – $267.9K
NOI $16,076 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.50M
$3.94M – $5.25M
NOI $315,136 @ 7.0% cap · market cap 84.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
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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 - Split-level layout pairs two en-suite bedrooms with a private balcony and in-unit laundry.
Where is this residential income property located?
The property is located at 2230 GEORGE C MARSHALL DRIVE Unit 313 Falls Church, VA.
What is the asking price?
The asking price for this property is $374,500.
What are key features of this property?
This property features: 1,074 sq. ft. split‑level condominium with two en‑suite bedrooms and two bathrooms; Private balcony, walk‑in closets, and in‑unit washer and dryer; Updated bedroom carpet, dishwasher, built‑in microwave, stacked washer/dryer, flooring, and refrigerator
