Two-Level Residential Income
For Sale
$379,900
2497 ANGELINE DRIVE Unit 301, Herndon, VA 20171
The condo offers two bedrooms, 2.5 baths, a private balcony, and shared recreation amenities.
Property Size1,521 SF
Price / SF$249.77
Days on Market29
Property Features for 2497 ANGELINE DRIVE Unit 301
General Information
Standard status
Active
Size
1,521 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,648
Amenities
swimming pools
tennis courts
basketball courts
tot lots
community center
clubhouse
walking trails
gas fireplace
private balcony
Building Details
Building Size
1,521 SF
Year Built
2001
Listing Agency:
Samson Properties
Listed By:
Quan Ma · License #0225264668
(703) 424-0310
Source:
Canopy-re
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 26 at 3:09PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This two-level, penthouse-style condo has 1,521 square feet, two bedrooms, and 2.5 baths. A gas fireplace anchors the main living area, while walk-in closets in both bedrooms add storage. The unit also includes a private balcony. Interior paint was refreshed in 2026; the HVAC system dates to 2022, and the washer and dryer were replaced in 2019. The property was built in 2001.
Residents of the Manors at McNair have access to two swimming pools, tennis and basketball courts, tot lots, a community center, a clubhouse, and walking trails. Parking is unassigned, with additional street parking for residents and guests.
The Herndon location is near shopping, restaurants, grocery stores, parks, local bus stops, and McNair Elementary School. Route 28, Route 267, Fairfax County Parkway, the Silver Line Metro, Dulles Airport, the Dulles Technology Corridor, Reston, and Tysons are also noted as nearby destinations.
Residents of the Manors at McNair have access to two swimming pools, tennis and basketball courts, tot lots, a community center, a clubhouse, and walking trails. Parking is unassigned, with additional street parking for residents and guests.
The Herndon location is near shopping, restaurants, grocery stores, parks, local bus stops, and McNair Elementary School. Route 28, Route 267, Fairfax County Parkway, the Silver Line Metro, Dulles Airport, the Dulles Technology Corridor, Reston, and Tysons are also noted as nearby destinations.
Key Highlights
- Two‑level condo with 1,521 square feet, 2 bedrooms, and 2.5 baths
- Gas fireplace, private balcony, and walk‑in closets in both bedrooms
- Interior painted in 2026; HVAC system installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,768
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,360
$455.4K
Cap Rate 7%
$325,257
$325.3K
Cap Rate 9%
$252,978
$253.0K
Market Conditions
NOI Build-Up for 1,521 SF
Gross rent
$43.8K $28.80/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$41.4K $27.22/SF
− OpEx
−$18.6K −$12.25/SF
NOI
$22.8K $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%
$455,360
Cap Rate 7%
$325,257
Cap Rate 9%
$252,978
Alternative Uses
Best Use
Apartment 5plus
$325.3K
$284.6K – $379.5K
NOI $22,768 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.38M
$5.58M – $7.44M
NOI $446,296 @ 7.0% cap · market cap 117.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
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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 - The condo offers two bedrooms, 2.5 baths, a private balcony, and shared recreation amenities.
Where is this residential income property located?
The property is located at 2497 ANGELINE DRIVE Unit 301 Herndon, VA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑level condo with 1,521 square feet, 2 bedrooms, and 2.5 baths; Gas fireplace, private balcony, and walk‑in closets in both bedrooms; Interior painted in 2026; HVAC system installed in 2022
