Ground-Floor Residential Income
For Sale
$374,900
2674 GLENGYLE DRIVE Unit 53, Vienna, VA 22181
A private patio and updated kitchen surfaces add practical features to this Vienna condo.
Property Size1,018 SF
Price / SF$368.27
Days on Market26
Property Features for 2674 GLENGYLE DRIVE Unit 53
General Information
Standard status
Active
Size
1,018 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,266
Building Details
Building Size
1,018 SF
Year Built
1975
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Tony Rivas · License #0225100994
(703) 955-9222
Source:
Jackrealtygroup
Added: Oct 6
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This ground-floor condo contains 1,018 square feet, with living and dining areas, a kitchen with new quartz countertops, and room for a breakfast table. A refrigerator is included, and the home has one full bathroom and one half bathroom. A private patio provides additional outdoor space.
The property is in Vienna, with access to I-66, Route 123, and the Vienna/Fairfax-GMU Metro. Shopping, dining, parks, and the Town of Vienna are also nearby. The building dates to 1975.
The property is in Vienna, with access to I-66, Route 123, and the Vienna/Fairfax-GMU Metro. Shopping, dining, parks, and the Town of Vienna are also nearby. The building dates to 1975.
Key Highlights
- 1,018‑square‑foot ground‑floor condo
- Private patio
- Kitchen updated with new quartz countertops; refrigerator included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,238
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,760
$304.8K
Cap Rate 7%
$217,686
$217.7K
Cap Rate 9%
$169,311
$169.3K
Market Conditions
NOI Build-Up for 1,018 SF
Gross rent
$29.3K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$27.7K $27.22/SF
− OpEx
−$12.5K −$12.25/SF
NOI
$15.2K $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%
$304,760
Cap Rate 7%
$217,686
Cap Rate 9%
$169,311
Alternative Uses
Best Use
Apartment 5plus
$217.7K
$190.5K – $254.0K
NOI $15,238 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.27M
$3.73M – $4.98M
NOI $298,704 @ 7.0% cap · market cap 79.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 22181, VA
15,555
Population
5,555
Households
2.8
Avg Household Size
40
Median Age
81%
College-Educated
99%
High-School Grad
5.6 sq mi
ZIP Area
2,778
Density / Sq Mi
$212,156
Median Household Income
$96,804
Median Earnings
$2,756
Median Rent
$928,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A private patio and updated kitchen surfaces add practical features to this Vienna condo.
Where is this residential income property located?
The property is located at 2674 GLENGYLE DRIVE Unit 53 Vienna, VA.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 1,018‑square‑foot ground‑floor condo; Private patio; Kitchen updated with new quartz countertops; refrigerator included
