Two-Level Residential Income
For Sale
$446,000
2791 CENTERBORO DRIVE Unit 387, Vienna, VA 22181
A courtyard entrance provides direct street access, with one assigned garage parking space.
Property Size1,098 SF
Price / SF$406.19
Days on Market25
Property Features for 2791 CENTERBORO DRIVE Unit 387
General Information
Standard status
Active
Size
1,098 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,004
Amenities
outdoor pool
fitness center
indoor basketball court
billiards room
clubhouse
game room
Building Details
Building Size
1,098 SF
Year Built
2003
Listing Agency:
Property Collective
Listed By:
Daan De Raedt · License #0225177150
(571) 721-1442
Source:
Jackrealtygroup
Added: Oct 7
Changed: Oct 30
Last Checked: Oct 30 at 4:22AM
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 Property Collective
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Investment Insights
Based on property information with market context.
This two-level condominium at Marquis at Vienna Station offers 1,082 square feet of living space. Updates include fresh paint, new luxury vinyl plank flooring in both bathrooms, and a new refrigerator, oven, and microwave. The HVAC system and water heater were replaced in 2020. A screen door at the courtyard entrance is grandfathered. The property was built in 2003.
The community is across from the Vienna/Fairfax-GMU Metro and provides an outdoor pool, fitness center, indoor basketball court, billiards room, clubhouse, and game room. One assigned garage space conveys; visitor parking is available in the garage and throughout the community. I-66, downtown Vienna, and the Mosaic District are also accessible from the property.
The community is across from the Vienna/Fairfax-GMU Metro and provides an outdoor pool, fitness center, indoor basketball court, billiards room, clubhouse, and game room. One assigned garage space conveys; visitor parking is available in the garage and throughout the community. I-66, downtown Vienna, and the Mosaic District are also accessible from the property.
Key Highlights
- Two‑level condominium with direct street access
- 1,082 square feet; built in 2003
- HVAC system and water heater replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,436
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,720
$328.7K
Cap Rate 7%
$234,800
$234.8K
Cap Rate 9%
$182,622
$182.6K
Market Conditions
NOI Build-Up for 1,098 SF
Gross rent
$31.6K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$29.9K $27.22/SF
− OpEx
−$13.4K −$12.25/SF
NOI
$16.4K $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%
$328,720
Cap Rate 7%
$234,800
Cap Rate 9%
$182,622
Alternative Uses
Best Use
Apartment 5plus
$234.8K
$205.5K – $273.9K
NOI $16,436 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.60M
$4.03M – $5.37M
NOI $322,178 @ 7.0% cap · market cap 72.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
284
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 courtyard entrance provides direct street access, with one assigned garage parking space.
Where is this residential income property located?
The property is located at 2791 CENTERBORO DRIVE Unit 387 Vienna, VA.
What is the asking price?
The asking price for this property is $446,000.
What are key features of this property?
This property features: Two‑level condominium with direct street access; 1,082 square feet; built in 2003; HVAC system and water heater replaced in 2020
