Ground-Level Residential Income
For Sale
$229,000
2300 FREETOWN COURT Unit 2B, Reston, VA 20191
The 2-bedroom, 1-bath residence includes an in-unit washer and dryer and direct patio access.
Property Size884 SF
Price / SF$259.05
Days on Market50
Property Features for 2300 FREETOWN COURT Unit 2B
General Information
Standard status
Active
Size
884 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,855
Building Details
Building Size
884 SF
Year Built
1973
Listing Agency:
EXP Realty, LLC
Listed By:
Liliana Vallario · License #0225099760
(240) 388-3507
Source:
Catoctinproperties
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 3 at 6:18AM
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 884-square-foot, ground-floor residence has two bedrooms, one bathroom, and a single-level layout. Laminate flooring runs through the living and dining areas, while the kitchen is equipped with granite countertops and stainless steel appliances. A sliding glass door connects the interior to a concrete patio, and laundry is provided in the unit.
The property is in Reston, with Reston Town Center, Silver Line Metro, Reston Parkway, Fairfax County Parkway, and the Dulles Toll Road within reach. Dulles International Airport is also a short drive away. Shopping, dining, parks, trails, and recreation are among the nearby amenities.
The property is in Reston, with Reston Town Center, Silver Line Metro, Reston Parkway, Fairfax County Parkway, and the Dulles Toll Road within reach. Dulles International Airport is also a short drive away. Shopping, dining, parks, trails, and recreation are among the nearby amenities.
Key Highlights
- 884‑square‑foot, ground‑level residence with 2 bedrooms and 1 bathroom
- Concrete patio accessed through a sliding glass door
- Granite kitchen countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,232
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,640
$264.6K
Cap Rate 7%
$189,029
$189.0K
Cap Rate 9%
$147,022
$147.0K
Market Conditions
NOI Build-Up for 884 SF
Gross rent
$25.5K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$24.1K $27.22/SF
− OpEx
−$10.8K −$12.25/SF
NOI
$13.2K $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%
$264,640
Cap Rate 7%
$189,029
Cap Rate 9%
$147,022
Alternative Uses
Best Use
Apartment 5plus
$189.0K
$165.4K – $220.5K
NOI $13,232 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.71M
$3.24M – $4.32M
NOI $259,385 @ 7.0% cap · market cap 113.27%
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
737
Businesses Nearby
Explore this area
Business Placement
Demographics for 20191, VA
29,948
Population
12,744
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
93%
High-School Grad
7.8 sq mi
ZIP Area
3,839
Density / Sq Mi
$141,019
Median Household Income
$62,313
Median Earnings
$1,983
Median Rent
$616,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2-bedroom, 1-bath residence includes an in-unit washer and dryer and direct patio access.
Where is this residential income property located?
The property is located at 2300 FREETOWN COURT Unit 2B Reston, VA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 884‑square‑foot, ground‑level residence with 2 bedrooms and 1 bathroom; Concrete patio accessed through a sliding glass door; Granite kitchen countertops and stainless steel appliances
