Residential Income Property with
For Sale
$295,000
2230 GEORGE C MARSHALL DRIVE Unit 611, Falls Church, VA 22043
A one-bedroom residence pairs hardwood flooring with in-unit laundry and access to shared recreation and services.
Property Size792 SF
Price / SF$372.47
Days on Market98
Property Features for 2230 GEORGE C MARSHALL DRIVE Unit 611
General Information
Standard status
Active
Size
792 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,235
Amenities
hardwood floors
stainless steel appliances
in-unit washer and dryer
private balcony
24-hour lobby security
year-round pool
tennis courts
fitness center
saunas
club rooms
on-site retail
gated community
free shuttle to Metro
Building Details
Building Size
792 SF
Year Built
1987
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 26 at 4:25PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This one-bedroom residential property contains 792 square feet and was built in 1987. Hardwood flooring runs through the living area, and the kitchen is equipped with stainless steel appliances. A private balcony faces wooded views, while an in-unit washer and dryer provide laundry facilities within the residence.
The home is part of Renaissance at Tysons, a gated community spread across 22 wooded acres. Shared amenities include a year-round pool, tennis courts, fitness center, saunas, club rooms, on-site retail, and a lobby with 24-hour security. A complimentary shuttle connects the community with West Falls Church Metro. I-495, I-66, Route 7, Tysons Corner, shopping, dining, and parks are described as nearby.
The home is part of Renaissance at Tysons, a gated community spread across 22 wooded acres. Shared amenities include a year-round pool, tennis courts, fitness center, saunas, club rooms, on-site retail, and a lobby with 24-hour security. A complimentary shuttle connects the community with West Falls Church Metro. I-495, I-66, Route 7, Tysons Corner, shopping, dining, and parks are described as nearby.
Key Highlights
- 792 square feet; built in 1987
- One‑bedroom residence with private balcony overlooking wooded views
- Hardwood floors, stainless steel kitchen appliances, and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,855
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,100
$237.1K
Cap Rate 7%
$169,357
$169.4K
Cap Rate 9%
$131,722
$131.7K
Market Conditions
NOI Build-Up for 792 SF
Gross rent
$22.8K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$21.6K $27.22/SF
− OpEx
−$9.7K −$12.25/SF
NOI
$11.9K $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%
$237,100
Cap Rate 7%
$169,357
Cap Rate 9%
$131,722
Alternative Uses
Best Use
Apartment 5plus
$169.4K
$148.2K – $197.6K
NOI $11,855 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.32M
$2.90M – $3.87M
NOI $232,391 @ 7.0% cap · market cap 78.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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 - A one-bedroom residence pairs hardwood flooring with in-unit laundry and access to shared recreation and services.
Where is this residential income property located?
The property is located at 2230 GEORGE C MARSHALL DRIVE Unit 611 Falls Church, VA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 792 square feet; built in 1987; One‑bedroom residence with private balcony overlooking wooded views; Hardwood floors, stainless steel kitchen appliances, and in‑unit washer and dryer
