Residential Income Property with
New
For Sale
$699,900
23679 BOLTON CRESCENT TERRACE Unit 305, Ashburn, VA 20148
Third-floor condominium in a 55+ community offers open living areas, quartz kitchen finishes, and flexible room options.
Property Size2,491 SF
Days on Market5
Property Features for 23679 BOLTON CRESCENT TERRACE Unit 305
General Information
Standard status
Active
Size
2,491 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,936
Amenities
private balcony
in-unit laundry
indoor pool
outdoor pool
exercise room
pickleball courts
paths
pond/lake
community center
golf simulator
fireplaces
outdoor seating with fire pit
community garden
Building Details
Building Size
2,491 SF
Year Built
2024
Listing Agency:
EXP Realty, LLC
Listed By:
Matthew L Megel · License #0225190150
(703) 863-1792
Source:
Barnesrealestatecompany
Added: Sep 7
Changed: Sep 10
Last Checked: Sep 10 at 2:41PM
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
Investment Insights
Based on property information with market context.
Built in 2024, this third-floor residential income property is a one-level condominium with an open living and dining arrangement, three bedrooms, two full bathrooms, and an additional room with a closet for office or guest use. The kitchen includes quartz countertops, stainless steel appliances, a gas cooktop, a large island, and a walk-in pantry. Motorized shades, LVP flooring, updated lighting, a humidifier, and a smart thermostat add to the interior improvements. A private balcony and attached one-car garage with storage and bike racks are included, with elevator access to the unit.
The 55+ Birchwood at Brambleton community provides indoor and outdoor pools, an exercise room, pickleball courts, paths, a pond or lake, a community center, three restaurants, and an estimated 14 miles of nearby trails. Additional community features include a golf simulator, fireplaces, outdoor seating, a fire pit, private-event areas, and access to a community garden plot upon request. The property is in Ashburn, Virginia, near shopping, dining, recreation, and commuter routes.
The 55+ Birchwood at Brambleton community provides indoor and outdoor pools, an exercise room, pickleball courts, paths, a pond or lake, a community center, three restaurants, and an estimated 14 miles of nearby trails. Additional community features include a golf simulator, fireplaces, outdoor seating, a fire pit, private-event areas, and access to a community garden plot upon request. The property is in Ashburn, Virginia, near shopping, dining, recreation, and commuter routes.
Key Highlights
- 2024‑built third‑floor condominium with one‑level layout
- Three bedrooms, two full bathrooms, plus a flexible room with closet
- Quartz kitchen with stainless steel appliances, gas cooktop, island, and walk‑in pantry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,849
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$776,980
$777.0K
Cap Rate 7%
$554,986
$555.0K
Cap Rate 9%
$431,656
$431.7K
Market Conditions
NOI Build-Up for 2,491 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.6K $30.36/SF
− Vacancy
−$5.0K −$2.00/SF
EGI
$70.6K $28.36/SF
− OpEx
−$31.8K −$12.76/SF
NOI
$38.8K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$776,980
Cap Rate 7%
$554,986
Cap Rate 9%
$431,656
Alternative Uses
Best Use
Apartment 5plus
$555.0K
$485.6K – $647.5K
NOI $38,849 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$780.7K
$683.1K – $910.8K
NOI $54,646 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
Business Placement
Demographics for 20148, VA
61,793
Population
20,413
Households
3
Avg Household Size
34
Median Age
77%
College-Educated
97%
High-School Grad
19.4 sq mi
ZIP Area
3,185
Density / Sq Mi
$233,502
Median Household Income
$119,027
Median Earnings
$2,647
Median Rent
$843,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor condominium in a 55+ community offers open living areas, quartz kitchen finishes, and flexible room options.
Where is this residential income property located?
The property is located at 23679 BOLTON CRESCENT TERRACE Unit 305 Ashburn, VA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2024‑built third‑floor condominium with one‑level layout; Three bedrooms, two full bathrooms, plus a flexible room with closet; Quartz kitchen with stainless steel appliances, gas cooktop, island, and walk‑in pantry
