Courtyard-View
2665 PROSPERITY AVENUE Unit 357, Fairfax, VA 22031
For Sale
$360,000
Across from Dunn Loring Metro, the residence includes assigned garage parking and a private balcony overlooking landscaped grounds.
Property Size704 SF
Price / SF$511.36
Days on Market19
Property Features for 2665 PROSPERITY AVENUE Unit 357
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balcony
gas fireplace
granite countertops
stainless steel appliances
walk-in closet
custom organization system
built-in storage
laundry room
separate storage unit
secure building entrance
outdoor pool
fitness center
basketball courts
clubhouse
party room
meeting room
common grounds
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty, LLC
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Source:
Districtpropertygroup
Added: Oct 22
Changed: Nov 6
Last Checked: Nov 8 at 8:09AM
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 704-square-foot, one-bedroom condominium occupies the third floor of a 2006 building. The layout connects the living, dining, and kitchen areas, with a gas fireplace and granite counters, stainless steel appliances, and ample cabinetry. A private balcony faces the landscaped courtyard. The unit also has a walk-in bedroom closet with custom organizers and a separate indoor storage space. HVAC was replaced in 2020, and the water heater dates to 2019.
An assigned garage space and secure building entry serve the residence. Building amenities include an outdoor pool, fitness center, basketball courts, clubhouse, party room, meeting room, and elevator access. Dunn Loring Metro is across the street; Harris Teeter is nearby, and the Mosaic District is within walking distance. I-66, I-495, Route 29, and Gallows Road are also accessible within minutes.
An assigned garage space and secure building entry serve the residence. Building amenities include an outdoor pool, fitness center, basketball courts, clubhouse, party room, meeting room, and elevator access. Dunn Loring Metro is across the street; Harris Teeter is nearby, and the Mosaic District is within walking distance. I-66, I-495, Route 29, and Gallows Road are also accessible within minutes.
Key Highlights
- 704‑square‑foot, one‑bedroom condominium on the third floor
- Private balcony overlooking the landscaped courtyard
- Gas fireplace; kitchen has granite counters and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,538
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,760
$210.8K
Cap Rate 7%
$150,543
$150.5K
Cap Rate 9%
$117,089
$117.1K
Market Conditions
NOI Build-Up for 704 SF
Gross rent
$20.3K $28.80/SF
− Vacancy
−$1.1K −$1.58/SF
EGI
$19.2K $27.22/SF
− OpEx
−$8.6K −$12.25/SF
NOI
$10.5K $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%
$210,760
Cap Rate 7%
$150,543
Cap Rate 9%
$117,089
Alternative Uses
Best Use
Apartment 5plus
$150.5K
$131.7K – $175.6K
NOI $10,538 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,075
Businesses Nearby
Explore this area
Business Placement
Demographics for 22031, VA
35,256
Population
15,390
Households
2.3
Avg Household Size
36
Median Age
72%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,966
Density / Sq Mi
$129,743
Median Household Income
$74,178
Median Earnings
$2,267
Median Rent
$710,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Across from Dunn Loring Metro, the residence includes assigned garage parking and a private balcony overlooking landscaped grounds.
Where is this residential income property located?
The property is located at 2665 PROSPERITY AVENUE Unit 357 Fairfax, VA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 704‑square‑foot, one‑bedroom condominium on the third floor; Private balcony overlooking the landscaped courtyard; Gas fireplace; kitchen has granite counters and stainless steel appliances
