Residential Income Property with
For Sale
$329,900
2311 PIMMIT DRIVE Unit 603, Falls Church, VA 22043
Updated interior features a renovated kitchen, new HVAC, and floor-to-ceiling windows.
Property Size862 SF
Price / SF$382.71
Days on Market100
Property Features for 2311 PIMMIT DRIVE Unit 603
General Information
Standard status
Active
Size
862 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,686
Amenities
balcony
24-hour front desk
FOB entry
security cameras
storage unit
exercise room
outdoor pool
children's pool
patio seating
gas grill area
children's playground
free parking
package hold service
Building Details
Building Size
862 SF
Year Built
1974
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Jul 21
Changed: Oct 27
Last Checked: Oct 26 at 12:35PM
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
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 862-square-foot residential property includes a spacious balcony and an interior updated with new HVAC, energy-efficient floor-to-ceiling windows and a sliding door, luxury vinyl flooring, fresh paint, and a remodeled kitchen. The building dates to 1974. The condo fee covers utilities; residents arrange their own phone, internet, and cable or streaming services.
Community features include a 24-hour front desk, key-fob entry, security cameras, a storage unit, exercise room, outdoor pool and children’s pool, playground, and grilling area. Parking is available on site. The grounds include trees and landscaping, and Ruckstuhl Park is across the street. The property is inside the beltway, with access to major routes, Metro, bus stops, shopping, restaurants, and everyday services.
Community features include a 24-hour front desk, key-fob entry, security cameras, a storage unit, exercise room, outdoor pool and children’s pool, playground, and grilling area. Parking is available on site. The grounds include trees and landscaping, and Ruckstuhl Park is across the street. The property is inside the beltway, with access to major routes, Metro, bus stops, shopping, restaurants, and everyday services.
Key Highlights
- 862‑square‑foot unit with a spacious balcony
- Updated kitchen, new HVAC, luxury vinyl flooring, and fresh paint
- Energy‑efficient floor‑to‑ceiling windows and a sliding door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,903
Cap Rate
3.91%
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 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.61M
$3.16M – $4.22M
NOI $252,930 @ 7.0% cap · market cap 76.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior features a renovated kitchen, new HVAC, and floor-to-ceiling windows.
Where is this residential income property located?
The property is located at 2311 PIMMIT DRIVE Unit 603 Falls Church, VA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 862‑square‑foot unit with a spacious balcony; Updated kitchen, new HVAC, luxury vinyl flooring, and fresh paint; Energy‑efficient floor‑to‑ceiling windows and a sliding door
