Updated One-Bedroom
2311 PIMMIT DRIVE Unit 817, Falls Church, VA 22043
For Sale
$270,000
A private balcony, renovated kitchen, and in-unit laundry add useful features to this Falls Church residence.
Property Size862 SF
Price / SF$313.23
Days on Market46
Property Features for 2311 PIMMIT DRIVE Unit 817
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
swimming pool
tennis courts
fitness center
party room
library
private balcony
in-unit washer and dryer
walk-in closet
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty/Lee Beaver & Assoc.
Listed By:
NADER HOMOS · License #0225255849
(703) 577-0705
Source:
Horsefarmsandcountryhomes
Added: Sep 24
Changed: Nov 5
Last Checked: Nov 8 at 8:35AM
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 Keller Williams Realty/Lee Beaver & Assoc.
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Investment Insights
Based on property information with market context.
Set on the eighth floor, this 862-square-foot condo has one bedroom, one bathroom, and an open arrangement connecting the living room, dining area, and kitchen. A private balcony faces the community swimming pool. The kitchen includes a breakfast area, refrigerator, and dishwasher; the flooring and electrical panel were updated in 2024, and the HVAC dates to 2020. Fresh paint, a walk-in closet, and an in-unit washer and dryer complete the unit.
Community facilities include a swimming pool, tennis courts, fitness center, party room, and library. Utilities are included in the condo fee. Whole Foods, Trader Joe’s, shopping, and dining are nearby, and West Falls Church Metro is approximately 1.4 miles away. The property also has access to I-66, I-495, and Route 267, with Tysons, Washington, DC, and area airports noted as convenient destinations.
Community facilities include a swimming pool, tennis courts, fitness center, party room, and library. Utilities are included in the condo fee. Whole Foods, Trader Joe’s, shopping, and dining are nearby, and West Falls Church Metro is approximately 1.4 miles away. The property also has access to I-66, I-495, and Route 267, with Tysons, Washington, DC, and area airports noted as convenient destinations.
Key Highlights
- 862‑square‑foot, one‑bedroom, one‑bathroom condo on the 8th floor
- Private balcony overlooking the community swimming pool
- Kitchen appliances and flooring updated in 2024; electrical panel updated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,903
Cap Rate
4.78%
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 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.61M
$3.16M – $4.22M
NOI $252,930 @ 7.0% cap · market cap 93.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A private balcony, renovated kitchen, and in-unit laundry add useful features to this Falls Church residence.
Where is this residential income property located?
The property is located at 2311 PIMMIT DRIVE Unit 817 Falls Church, VA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 862‑square‑foot, one‑bedroom, one‑bathroom condo on the 8th floor; Private balcony overlooking the community swimming pool; Kitchen appliances and flooring updated in 2024; electrical panel updated in 2024
