Two-Bedroom Residential
For Sale
$495,000
2665 PROSPERITY AVENUE Unit 351, Fairfax, VA 22031
Split-bedroom design, two garage spaces, and community amenities complement the condo’s convenient Metro access.
Property Size1,086 SF
Price / SF$455.80
Days on Market175
Property Features for 2665 PROSPERITY AVENUE Unit 351
General Information
Standard status
Active
Size
1,086 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,841
Amenities
24-hour concierge
secure package handling
swimming pool
fitness center
clubhouse
recreational courts
smart refrigerator
smart lock
smart hallway lighting
Building Details
Building Size
1,086 SF
Year Built
2006
Listing Agency:
Glass House Real Estate
Listed By:
Khalil Alexander El-Ghoul · License #0225094538
(571) 235-4821
Source:
Gallerycollectivere
Added: May 7
Changed: Oct 27
Last Checked: Oct 26 at 6:04PM
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 Glass House Real Estate
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Investment Insights
Based on property information with market context.
This 1,086-square-foot condominium, built in 2006, has two bedrooms and two bathrooms arranged on opposite sides of the home. The layout includes an open living and dining area connected to a kitchen with stainless steel appliances. Recent updates include fresh paint, newer appliances, and a new water heater. North-facing windows bring in natural light and provide open views.
The Dunn Loring-Merrifield Metro station is a short walk away. Nearby destinations include Starbucks, Harris Teeter, fitness studios, restaurants, and the Mosaic District. I-66 and I-495 provide regional routes toward Northern Virginia and Washington, DC.
Community features include 24-hour concierge service, secure package handling, a swimming pool, fitness center, clubhouse, and recreational courts. The residence also includes two garage parking spaces and smart-home features such as a smart refrigerator, lock, and hallway lighting.
The Dunn Loring-Merrifield Metro station is a short walk away. Nearby destinations include Starbucks, Harris Teeter, fitness studios, restaurants, and the Mosaic District. I-66 and I-495 provide regional routes toward Northern Virginia and Washington, DC.
Community features include 24-hour concierge service, secure package handling, a swimming pool, fitness center, clubhouse, and recreational courts. The residence also includes two garage parking spaces and smart-home features such as a smart refrigerator, lock, and hallway lighting.
Key Highlights
- Two‑bedroom, two‑bathroom condo with bedrooms on opposite sides of the home
- 1,086 square feet; built in 2006
- Two garage parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,256
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,120
$325.1K
Cap Rate 7%
$232,229
$232.2K
Cap Rate 9%
$180,622
$180.6K
Market Conditions
NOI Build-Up for 1,086 SF
Gross rent
$31.3K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$29.6K $27.22/SF
− OpEx
−$13.3K −$12.25/SF
NOI
$16.3K $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%
$325,120
Cap Rate 7%
$232,229
Cap Rate 9%
$180,622
Alternative Uses
Best Use
Apartment 5plus
$232.2K
$203.2K – $270.9K
NOI $16,256 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.55M
$3.98M – $5.31M
NOI $318,657 @ 7.0% cap · market cap 64.38%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway 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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Frequently Asked Questions
What type of property is this?
Residential income property - Split-bedroom design, two garage spaces, and community amenities complement the condo’s convenient Metro access.
Where is this residential income property located?
The property is located at 2665 PROSPERITY AVENUE Unit 351 Fairfax, VA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condo with bedrooms on opposite sides of the home; 1,086 square feet; built in 2006; Two garage parking spaces
