Residential Income Property with
For Sale
$230,000
2300 PIMMIT DRIVE Unit 713, Falls Church, VA 22043
The one-bedroom residence has a separate dining area, assigned basement storage, and access to extensive building amenities.
Property Size862 SF
Price / SF$266.82
Days on Market167
Property Features for 2300 PIMMIT DRIVE Unit 713
General Information
Standard status
Active
Size
862 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,571
Amenities
private balcony
in-unit washer/dryer
pet-friendly
24-hour concierge/security
outdoor pool
fitness center
tennis courts
basketball courts
party room
library
billiard room
playground/tot lots
picnic areas
grill areas
bicycle room
assigned storage
Building Details
Building Size
862 SF
Year Built
1974
Listing Agency:
EXP Realty, LLC
Listed By:
Wiwit Tjahjana · License #0225-197457
(703) 375-9989
Source:
Jackrealtygroup
Added: May 15
Changed: Oct 27
Last Checked: Oct 26 at 3:38PM
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
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This 862-square-foot, one-bedroom, one-bath condominium is on a high floor and includes a private balcony. The layout separates the dining area from the living room. Wood flooring, crown molding, a walk-in closet, and a freshly painted interior complement a kitchen with KraftMaid wood cabinets and updated countertops. The stainless steel dishwasher and over-the-range microwave were installed in 2026. The in-unit washer dates to 2020, the dryer to 2019, and the sliding glass doors to 2025. An assigned basement storage unit is included.
Building amenities include a 24-hour concierge and security, an outdoor pool, fitness center, tennis and basketball courts, and a party room. Residents also have access to a library, billiard room, playgrounds, picnic and grill areas, and a bicycle room. The condominium fee covers gas, electricity, water, heat, air conditioning, exterior maintenance, snow removal, and trash. West Falls Church Metro is about a mile away, with bus routes and access to I-66, I-495, Route 7, and the Dulles Toll Road nearby.
Building amenities include a 24-hour concierge and security, an outdoor pool, fitness center, tennis and basketball courts, and a party room. Residents also have access to a library, billiard room, playgrounds, picnic and grill areas, and a bicycle room. The condominium fee covers gas, electricity, water, heat, air conditioning, exterior maintenance, snow removal, and trash. West Falls Church Metro is about a mile away, with bus routes and access to I-66, I-495, Route 7, and the Dulles Toll Road nearby.
Key Highlights
- 862‑square‑foot, one‑bedroom, one‑bath condominium with a private balcony
- Kitchen includes KraftMaid wood cabinetry, updated countertops, and 2026 stainless‑steel dishwasher and microwave
- In‑unit washer (2020), dryer (2019), and sliding glass doors (2025)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,903
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,060
$258.1K
Cap Rate 7%
$184,329
$184.3K
Cap Rate 9%
$143,367
$143.4K
Market Conditions
NOI Build-Up for 862 SF
Gross rent
$24.8K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$23.5K $27.22/SF
− OpEx
−$10.6K −$12.25/SF
NOI
$12.9K $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%
$258,060
Cap Rate 7%
$184,329
Cap Rate 9%
$143,367
Alternative Uses
Best Use
Apartment 5plus
$184.3K
$161.3K – $215.1K
NOI $12,903 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.61M
$3.16M – $4.22M
NOI $252,930 @ 7.0% cap · market cap 109.97%
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
772
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 one-bedroom residence has a separate dining area, assigned basement storage, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 2300 PIMMIT DRIVE Unit 713 Falls Church, VA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 862‑square‑foot, one‑bedroom, one‑bath condominium with a private balcony; Kitchen includes KraftMaid wood cabinetry, updated countertops, and 2026 stainless‑steel dishwasher and microwave; In‑unit washer (2020), dryer (2019), and sliding glass doors (2025)
