Residential Income Property Near
New
For Sale
$589,000
2295 VILLAGE CROSSING ROAD Unit 304, Falls Church, VA 22043
A renovated two-level residence offers two bedroom suites, in-unit laundry, and access to a community pool.
Property Size1,320 SF
Price / SF$446.21
Days on Market7
Property Features for 2295 VILLAGE CROSSING ROAD Unit 304
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
HOA Fee
$381
Taxes and HOA fees
Annual Taxes
$6,542
Amenities
pool
in-unit laundry
balcony
Building Details
Building Size
1,320 SF
Year Built
1996
Listing Agency:
eXp Realty LLC
Listed By:
Nicole Dash · License #0225231466
(703) 973-2848
Source:
Barnesrealestatecompany
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 2:15AM
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 LLC
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Investment Insights
Based on property information with market context.
This two-level residential property contains 1,320 square feet, with two bedrooms and two full bathrooms plus a powder room. The living and dining areas connect to the kitchen, and a balcony extends the first-level living space. Both bedrooms have walk-in closets and private bathrooms. In-unit laundry is located on the bedroom level. Updates completed in 2026 include new carpet, luxury vinyl plank flooring, kitchen counters and backsplash, appliances, fixtures, and interior paint.
The community provides access to an outdoor pool, common grounds, and assigned parking. A community gate provides pedestrian access to the West Falls Church Metro station. The property is near Route 7 and has connections to I-66, I-495, and the Dulles Toll Road.
The community provides access to an outdoor pool, common grounds, and assigned parking. A community gate provides pedestrian access to the West Falls Church Metro station. The property is near Route 7 and has connections to I-66, I-495, and the Dulles Toll Road.
Key Highlights
- 1,320‑square‑foot, two‑level residence with two bedrooms and 2.5 bathrooms
- 2026 updates include flooring, kitchen finishes and appliances, fixtures, and paint
- Balcony off the first level; in‑unit washer and dryer on the bedroom level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,759
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,180
$395.2K
Cap Rate 7%
$282,271
$282.3K
Cap Rate 9%
$219,544
$219.5K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$38.0K $28.80/SF
− Vacancy
−$2.1K −$1.58/SF
EGI
$35.9K $27.22/SF
− OpEx
−$16.2K −$12.25/SF
NOI
$19.8K $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%
$395,180
Cap Rate 7%
$282,271
Cap Rate 9%
$219,544
Alternative Uses
Best Use
Apartment 5plus
$282.3K
$247.0K – $329.3K
NOI $19,759 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.53M
$4.84M – $6.46M
NOI $387,318 @ 7.0% cap · market cap 65.76%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
743
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A renovated two-level residence offers two bedroom suites, in-unit laundry, and access to a community pool.
Where is this residential income property located?
The property is located at 2295 VILLAGE CROSSING ROAD Unit 304 Falls Church, VA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 1,320‑square‑foot, two‑level residence with two bedrooms and 2.5 bathrooms; 2026 updates include flooring, kitchen finishes and appliances, fixtures, and paint; Balcony off the first level; in‑unit washer and dryer on the bedroom level
