Upgraded Residential Income
New
For Sale
$769,000
2905 BLEEKER STREET Unit 205, Fairfax, VA 22031
Second-floor corner residence with a private balcony, two garage spaces, and direct access to Vienna Metro.
Property Size1,685 SF
Days on Market7
Property Features for 2905 BLEEKER STREET Unit 205
General Information
Standard status
Active
Size
1,685 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$8,459
Building Details
Building Size
1,685 SF
Year Built
2015
Listing Agency:
Samson Properties
Listed By:
Lai-Kit Wong · License #0225024282
(703) 909-3369
Source:
Barnesrealestatecompany
Added: Sep 2
Changed: Sep 8
Last Checked: Sep 8 at 9:38AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This 1,685-square-foot second-floor corner residence was built in 2015 and features an open living and dining arrangement with extensive windows and a private balcony. The kitchen includes a quartz island, upgraded stainless steel appliances, Cafe 42-inch cabinets, a pantry, and additional storage. Wood flooring extends through the main living areas, while ceramic tile finishes the kitchen and bathrooms. The residence also includes upgraded bedroom carpeting, a walk-in closet, and an in-unit washer and dryer.
Two private garage parking spaces, numbered 99 and 100, accompany the unit, with additional community parking available in front of the building. The property offers access to I-66 and I-495, is within walking distance of Vienna Metro, and is approximately 3 miles from Tysons Corner. Pan Am Shopping Center and Safeway are also nearby.
Two private garage parking spaces, numbered 99 and 100, accompany the unit, with additional community parking available in front of the building. The property offers access to I-66 and I-495, is within walking distance of Vienna Metro, and is approximately 3 miles from Tysons Corner. Pan Am Shopping Center and Safeway are also nearby.
Key Highlights
- 1,685‑square‑foot second‑floor corner residence built in 2015
- Two private garage parking spaces, numbered 99 and 100
- Private balcony and extensive windows provide outdoor space and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,222
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,440
$504.4K
Cap Rate 7%
$360,314
$360.3K
Cap Rate 9%
$280,244
$280.2K
Market Conditions
NOI Build-Up for 1,685 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.5K $28.80/SF
− Vacancy
−$2.7K −$1.58/SF
EGI
$45.9K $27.22/SF
− OpEx
−$20.6K −$12.25/SF
NOI
$25.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,440
Cap Rate 7%
$360,314
Cap Rate 9%
$280,244
Alternative Uses
Best Use
Apartment 5plus
$360.3K
$315.3K – $420.4K
NOI $25,222 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.06M
$6.18M – $8.24M
NOI $494,417 @ 7.0% cap · market cap 64.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
243
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor corner residence with a private balcony, two garage spaces, and direct access to Vienna Metro.
Where is this residential income property located?
The property is located at 2905 BLEEKER STREET Unit 205 Fairfax, VA.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: 1,685‑square‑foot second‑floor corner residence built in 2015; Two private garage parking spaces, numbered 99 and 100; Private balcony and extensive windows provide outdoor space and natural light
