Residential Income Property with
For Sale
$525,000
2319 FIELD POINT ROAD Unit 102, Herndon, VA 20171
First-level condo combines flexible workspace, contemporary finishes, private outdoor space, and extensive community amenities.
Property Size1,451 SF
Price / SF$361.82
Days on Market156
Property Features for 2319 FIELD POINT ROAD Unit 102
General Information
Standard status
Active
Size
1,451 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA + office
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,056
Amenities
in-unit laundry room
tankless water heater
assigned garage parking
EV charging station
secure lobby mail and package room
package concierge service
private balcony
tot lot
playground
dog park
basketball courts
tennis courts
walking trail
Building Details
Building Size
1,451 SF
Year Built
2021
Listing Agency:
Keller Williams Realty
Listed By:
Paul G Bedewi · License #0225086190
(571) 228-5648
Source:
Kerishull
Added: May 15
Changed: Oct 11
Last Checked: Oct 16 at 3:22PM
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
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Investment Insights
Based on property information with market context.
This first-level condominium at The Flats at Metropark at Arrowbrook offers 1,451 square feet with two bedrooms, an office, and two full bathrooms. The open interior connects the living, dining, and kitchen areas, with hardwood flooring, contemporary fixtures, quartz countertops, stainless steel appliances, subway tile, and an island with seating. A private balcony extends from the dining area, while the primary suite includes a walk-in closet and en-suite bath with dual vanities and a frameless glass shower. In-unit laundry and a tankless water heater add functional convenience.
The residence also includes assigned garage parking, access to an EV charging station in the parking lot, and a secure lobby mail and package room with concierge service. Community amenities include a tot lot, playground, dog park, basketball and tennis courts, and a walking trail connecting to the Metro. The property is in Herndon, near Innovation Center Metro, Dulles Airport, shopping, dining, and major commuter routes.
The residence also includes assigned garage parking, access to an EV charging station in the parking lot, and a secure lobby mail and package room with concierge service. Community amenities include a tot lot, playground, dog park, basketball and tennis courts, and a walking trail connecting to the Metro. The property is in Herndon, near Innovation Center Metro, Dulles Airport, shopping, dining, and major commuter routes.
Key Highlights
- 1,451 square feet with 2 bedrooms, a dedicated office, and 2 full bathrooms
- Contemporary kitchen with quartz countertops, stainless steel appliances, subway tile backsplash, and center island
- Private balcony opens from the dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,720
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,400
$434.4K
Cap Rate 7%
$310,286
$310.3K
Cap Rate 9%
$241,333
$241.3K
Market Conditions
NOI Build-Up for 1,451 SF
Gross rent
$41.8K $28.80/SF
− Vacancy
−$2.3K −$1.58/SF
EGI
$39.5K $27.22/SF
− OpEx
−$17.8K −$12.25/SF
NOI
$21.7K $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%
$434,400
Cap Rate 7%
$310,286
Cap Rate 9%
$241,333
Alternative Uses
Best Use
Apartment 5plus
$310.3K
$271.5K – $362.0K
NOI $21,720 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.08M
$5.32M – $7.10M
NOI $425,756 @ 7.0% cap · market cap 81.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 20171, VA
51,759
Population
19,221
Households
2.7
Avg Household Size
36
Median Age
74%
College-Educated
97%
High-School Grad
11.6 sq mi
ZIP Area
4,462
Density / Sq Mi
$166,154
Median Household Income
$89,943
Median Earnings
$2,276
Median Rent
$770,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - First-level condo combines flexible workspace, contemporary finishes, private outdoor space, and extensive community amenities.
Where is this residential income property located?
The property is located at 2319 FIELD POINT ROAD Unit 102 Herndon, VA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,451 square feet with 2 bedrooms, a dedicated office, and 2 full bathrooms; Contemporary kitchen with quartz countertops, stainless steel appliances, subway tile backsplash, and center island; Private balcony opens from the dining area
