Residential Income
For Sale
$404,000
2230 GEORGE C MARSHALL DRIVE Unit 822, Falls Church, VA 22043
The two-bedroom condominium includes a reserved parking space and two storage units.
Property Size1,074 SF
Price / SF$376.16
Days on Market15
Property Features for 2230 GEORGE C MARSHALL DRIVE Unit 822
General Information
Standard status
Active
Size
1,074 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,541
Amenities
pool
tennis courts
fitness center
business center
shuttle service
24-hour security
Building Details
Building Size
1,074 SF
Year Built
1987
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 1:48PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,069-square-foot condominium offers two bedrooms and two full bathrooms, with an open living and dining area connected to the kitchen. Hardwood floors and updated bathrooms are among the interior features. Appliances were updated in 2026, HVAC in 2025, and the water heater in 2020; the residence was also freshly painted in 2026. A reserved parking space and two storage units on the second floor are included.
The gated community occupies more than 25 acres and provides a year-round pool, tennis courts, fitness center, business center, and 24-hour security with camera monitoring. A complimentary shuttle serves the West Falls Church Metro station. The property is situated off I-495 between Tysons Corner and West Falls Church Metro, with access to I-495 and I-66.
The gated community occupies more than 25 acres and provides a year-round pool, tennis courts, fitness center, business center, and 24-hour security with camera monitoring. A complimentary shuttle serves the West Falls Church Metro station. The property is situated off I-495 between Tysons Corner and West Falls Church Metro, with access to I-495 and I-66.
Key Highlights
- 1,069‑square‑foot condominium with two bedrooms and two full bathrooms
- Two storage units in the second‑floor Storage Room B
- Reserved parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,076
Cap Rate
3.98%
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 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.50M
$3.94M – $5.25M
NOI $315,136 @ 7.0% cap · market cap 78.00%
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
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 two-bedroom condominium includes a reserved parking space and two storage units.
Where is this residential income property located?
The property is located at 2230 GEORGE C MARSHALL DRIVE Unit 822 Falls Church, VA.
What is the asking price?
The asking price for this property is $404,000.
What are key features of this property?
This property features: 1,069‑square‑foot condominium with two bedrooms and two full bathrooms; Two storage units in the second‑floor Storage Room B; Reserved parking space
