Residential Income
For Sale
$250,000
2341 FREETOWN COURT Unit 34/2B, Reston, VA 20191
This 2-bedroom condo pairs a private patio and basement storage with access to shared community amenities.
Property Size884 SF
Price / SF$282.81
Days on Market48
Property Features for 2341 FREETOWN COURT Unit 34/2B
General Information
Standard status
Active
Size
884 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Parking per Unit
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,855
Amenities
luxury vinyl plank flooring
updated kitchen with stainless steel appliances
renovated bathroom
private patio
central air conditioning
storage unit in basement
garden-style setting
mature trees
four playgrounds
paved trails
pet stations
15 swimming pools
pickleball and tennis courts
scenic parks
lakes
community centers
year-round events
Building Details
Building Size
884 SF
Year Built
1973
Construction
mid-century modern
Listing Agency:
EXP Realty, LLC
Listed By:
Michael I Putnam · License #0225064348
(703) 928-6514
Source:
Horsefarmsandcountryhomes
Added: Sep 18
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.
The 884-square-foot condo has 2 bedrooms and 1 bathroom, with an open living, dining, and kitchen area. The primary bedroom includes a walk-in closet and a separate vanity and dressing area. Central AC, abundant storage, and a private basement storage area add practical features. A private patio faces a grassy area with trees. Two parking passes are included: one for a reserved space near the building entrance and one for designated permit parking; visitor parking is also available.
The garden-style Glenvale community has mature trees, landscaped grounds, four playgrounds, paved trails, and pet stations. Reston Association amenities include 15 swimming pools, tennis and pickleball courts, parks, trails, lakes, community centers, and year-round events. A shopping center with Safeway is within walking distance, and Reston Town Center is approximately 1.5 miles away. Metro, community bus stops, major commuter routes, and Dulles International Airport are accessible from the area.
The condo fee covers gas heating, water, sewer, and trash and recycling service. The property was built in 1973.
The garden-style Glenvale community has mature trees, landscaped grounds, four playgrounds, paved trails, and pet stations. Reston Association amenities include 15 swimming pools, tennis and pickleball courts, parks, trails, lakes, community centers, and year-round events. A shopping center with Safeway is within walking distance, and Reston Town Center is approximately 1.5 miles away. Metro, community bus stops, major commuter routes, and Dulles International Airport are accessible from the area.
The condo fee covers gas heating, water, sewer, and trash and recycling service. The property was built in 1973.
Key Highlights
- 884‑square‑foot condo with 2 bedrooms and 1 bathroom
- Private patio overlooks a grassy, tree‑lined area
- Two parking passes: one reserved space and one permit for designated spaces
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
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 - This 2-bedroom condo pairs a private patio and basement storage with access to shared community amenities.
Where is this residential income property located?
The property is located at 2341 FREETOWN COURT Unit 34/2B 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: 884‑square‑foot condo with 2 bedrooms and 1 bathroom; Private patio overlooks a grassy, tree‑lined area; Two parking passes: one reserved space and one permit for designated spaces
