Two-Bedroom Residential Income
For Sale
$250,000
2330 FREETOWN COURT Unit 4/1B, Reston, VA 20191
An 884-square-foot residence with in-unit laundry, a private patio, and adjacent exterior storage.
Property Size884 SF
Price / SF$282.81
Days on Market153
Property Features for 2330 FREETOWN COURT Unit 4/1B
General Information
Standard status
Active
Size
884 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,778
Amenities
in-unit washer and dryer
private exterior storage room
rear concrete patio
community pools
tennis courts
pickleball courts
parks
playgrounds
athletic fields
walking, jogging and biking trails
Building Details
Building Size
884 SF
Year Built
1973
Listing Agency:
EXP Realty, LLC
Listed By:
Tara F Houston
(571) 212-4898
Source:
Horsefarmsandcountryhomes
Added: Jun 5
Changed: Nov 2
Last Checked: Nov 3 at 7:41AM
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
Based on property information with market context.
This 2-bedroom, 1-bath condominium offers 884 square feet of living area and was built in 1973. Fresh interior paint was completed in 2026. Hardwood flooring runs through the kitchen, living room, hallway, and bedrooms, while the kitchen features granite countertops and ample cabinetry. The home also includes an in-unit washer and dryer, a rear concrete patio, and an exterior storage room beside the residence. The condominium is presented as suitable for owner occupancy or rental use.
In Reston’s Glenvale community, the residence is steps from a community bus stop with access to Metro stations. Nearby transportation options include the Silver Line, Dulles Toll Road, Route 7, and Fairfax County Parkway. Community features include walking trails, pools, tennis and pickleball courts, parks, playgrounds, and athletic fields. Lake Thoreau, Lake Audubon, and Lake Anne are also nearby. The condominium fee covers water, sewer, gas, and trash service; parking passes are included.
In Reston’s Glenvale community, the residence is steps from a community bus stop with access to Metro stations. Nearby transportation options include the Silver Line, Dulles Toll Road, Route 7, and Fairfax County Parkway. Community features include walking trails, pools, tennis and pickleball courts, parks, playgrounds, and athletic fields. Lake Thoreau, Lake Audubon, and Lake Anne are also nearby. The condominium fee covers water, sewer, gas, and trash service; parking passes are included.
Key Highlights
- 2 bedrooms and 1 full bath in 884 square feet
- Built in 1973; interior freshly painted in 2026
- Hardwood flooring in kitchen, living room, hallway, and bedrooms; granite kitchen countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,232
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,640
$264.6K
Cap Rate 7%
$189,029
$189.0K
Cap Rate 9%
$147,022
$147.0K
Market Conditions
NOI Build-Up for 884 SF
Gross rent
$25.5K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$24.1K $27.22/SF
− OpEx
−$10.8K −$12.25/SF
NOI
$13.2K $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%
$264,640
Cap Rate 7%
$189,029
Cap Rate 9%
$147,022
Alternative Uses
Best Use
Apartment 5plus
$189.0K
$165.4K – $220.5K
NOI $13,232 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.71M
$3.24M – $4.32M
NOI $259,385 @ 7.0% cap · market cap 103.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 20191, VA
29,948
Population
12,744
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
93%
High-School Grad
7.8 sq mi
ZIP Area
3,839
Density / Sq Mi
$141,019
Median Household Income
$62,313
Median Earnings
$1,983
Median Rent
$616,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - An 884-square-foot residence with in-unit laundry, a private patio, and adjacent exterior storage.
Where is this residential income property located?
The property is located at 2330 FREETOWN COURT Unit 4/1B Reston, VA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2 bedrooms and 1 full bath in 884 square feet; Built in 1973; interior freshly painted in 2026; Hardwood flooring in kitchen, living room, hallway, and bedrooms; granite kitchen countertops
