One-Bedroom Residential Income
For Sale
$214,000
2311 PIMMIT DRIVE Unit 511E, Falls Church, VA 22043
Residents have access to a fitness center, outdoor pool, tennis courts, and 24-hour concierge service.
Property Size579 SF
Price / SF$369.60
Days on Market98
Property Features for 2311 PIMMIT DRIVE Unit 511E
General Information
Standard status
Active
Size
579 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,254
Amenities
24-hour concierge
outdoor swimming pool
fitness center
tennis courts
clubhouse
party room
meeting room
billiard room
picnic area
common grounds
tot lots/playground
Building Details
Building Size
579 SF
Year Built
1974
Listing Agency:
Samson Properties
Listed By:
Crystal Catherine-Laurina Thorne · License #0225234280
(202) 372-6631
Source:
Jackrealtygroup
Added: Jul 24
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 Samson Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium is part of Idylwood Towers, a residential community in Falls Church, Virginia. The building dates to 1974 and offers residents a 24-hour concierge, fitness center, outdoor swimming pool, and tennis courts. Shared spaces include a clubhouse, party and meeting rooms, billiard room, picnic area, playground, and landscaped common grounds.
Key Highlights
- One‑bedroom, one‑bathroom condominium
- Built in 1974
- Community amenities include a 24‑hour concierge, fitness center, outdoor pool, and tennis courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,667
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,340
$173.3K
Cap Rate 7%
$123,814
$123.8K
Cap Rate 9%
$96,300
$96.3K
Market Conditions
NOI Build-Up for 579 SF
Gross rent
$16.7K $28.80/SF
− Vacancy
−$917 −$1.58/SF
EGI
$15.8K $27.22/SF
− OpEx
−$7.1K −$12.25/SF
NOI
$8.7K $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%
$173,340
Cap Rate 7%
$123,814
Cap Rate 9%
$96,300
Alternative Uses
Best Use
Apartment 5plus
$123.8K
$108.3K – $144.5K
NOI $8,667 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.43M
$2.12M – $2.83M
NOI $169,892 @ 7.0% cap · market cap 79.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
413
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
Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a fitness center, outdoor pool, tennis courts, and 24-hour concierge service.
Where is this residential income property located?
The property is located at 2311 PIMMIT DRIVE Unit 511E Falls Church, VA.
What is the asking price?
The asking price for this property is $214,000.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium; Built in 1974; Community amenities include a 24‑hour concierge, fitness center, outdoor pool, and tennis courts
