Two-Bedroom Residential Income
For Sale
$269,000
2817 JERMANTOWN ROAD Unit 105, Oakton, VA 22124
A separate laundry room is equipped with a full-size washer and dryer.
Property Size1,254 SF
Price / SF$214.51
Days on Market86
Property Features for 2817 JERMANTOWN ROAD Unit 105
General Information
Standard status
Active
Size
1,254 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,742
Amenities
clubhouse
outdoor swimming pool
baby pool
walking paths
laundry room
Building Details
Building Size
1,254 SF
Year Built
1974
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Thomas G Wilson
(301) 502-3519
Source:
Horsefarmsandcountryhomes
Added: Aug 6
Changed: Oct 27
Last Checked: Oct 26 at 2:49PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,254-square-foot condo has two bedrooms, one bathroom, and a combined living and dining area. Recent interior work includes new carpet and fresh paint. A dedicated laundry room has a full-size washer and dryer, and the building dates to 1974.
Community features include a clubhouse, outdoor pool, separate baby pool, and walking paths. The condo fee covers water, sewer, trash, grounds upkeep, and elevator maintenance. A parking lot is located in front of the building.
Community features include a clubhouse, outdoor pool, separate baby pool, and walking paths. The condo fee covers water, sewer, trash, grounds upkeep, and elevator maintenance. A parking lot is located in front of the building.
Key Highlights
- Two bedrooms and one bathroom in 1,254 square feet
- Combined living and dining area
- New carpet and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,771
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,420
$375.4K
Cap Rate 7%
$268,157
$268.2K
Cap Rate 9%
$208,567
$208.6K
Market Conditions
NOI Build-Up for 1,254 SF
Gross rent
$36.1K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$34.1K $27.22/SF
− OpEx
−$15.4K −$12.25/SF
NOI
$18.8K $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%
$375,420
Cap Rate 7%
$268,157
Cap Rate 9%
$208,567
Alternative Uses
Best Use
Apartment 5plus
$268.2K
$234.6K – $312.9K
NOI $18,771 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.26M
$4.60M – $6.13M
NOI $367,952 @ 7.0% cap · market cap 136.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
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Business Placement
Demographics for 22124, VA
18,488
Population
7,049
Households
2.6
Avg Household Size
43
Median Age
81%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
1,795
Density / Sq Mi
$216,712
Median Household Income
$114,420
Median Earnings
$2,469
Median Rent
$979,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A separate laundry room is equipped with a full-size washer and dryer.
Where is this residential income property located?
The property is located at 2817 JERMANTOWN ROAD Unit 105 Oakton, VA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom in 1,254 square feet; Combined living and dining area; New carpet and fresh paint
