Waterfront Residential Income
2946 YARLING Unit 2946, Falls Church, VA 22042
For Sale
$517,000
Pending
This top-floor condominium has a private balcony facing the lake and access to shared recreation amenities.
Property Size1,117 SF
Days on Market32
Property Features for 2946 YARLING Unit 2946
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
lake view
walking trails
swimming pool
playground
tennis court
private balcony
storage closet
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty, LLC
Listed By:
Cathy Poungmalai · License #0225067870
(703) 786-5776
Source:
Canopy-re
Added: Oct 8
Changed: Nov 3
Last Checked: Nov 8 at 7:15AM
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 EXP Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set within the Lakeford community in Falls Church, this 1,117-square-foot condominium has two bedrooms, two bathrooms, and a private balcony overlooking the lake. The upper-floor home features an open living and dining area, a wood-burning fireplace, and an updated kitchen with granite counters and stainless steel appliances. The primary suite includes two closets and a renovated bathroom. The residence was built in 1985.
Community facilities include a swimming pool, tennis court, playgrounds, and walking trails. The property is approximately one mile from Dunn Loring Metro and the Mosaic District, with access to I-495 and I-66. Nearby destinations listed include 2941 Restaurant, Northrop Grumman, and the Defense Health Agency Headquarters.
Community facilities include a swimming pool, tennis court, playgrounds, and walking trails. The property is approximately one mile from Dunn Loring Metro and the Mosaic District, with access to I-495 and I-66. Nearby destinations listed include 2941 Restaurant, Northrop Grumman, and the Defense Health Agency Headquarters.
Key Highlights
- Two‑bedroom, two‑bath condominium with 1,117 square feet
- Private balcony with panoramic lake views
- Updated kitchen with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,720
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,400
$334.4K
Cap Rate 7%
$238,857
$238.9K
Cap Rate 9%
$185,778
$185.8K
Market Conditions
NOI Build-Up for 1,117 SF
Gross rent
$32.2K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.4K $27.22/SF
− OpEx
−$13.7K −$12.25/SF
NOI
$16.7K $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%
$334,400
Cap Rate 7%
$238,857
Cap Rate 9%
$185,778
Alternative Uses
Best Use
Apartment 5plus
$238.9K
$209.0K – $278.7K
NOI $16,720 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.68M
$4.10M – $5.46M
NOI $327,753 @ 7.0% cap · market cap 63.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 22042, VA
34,638
Population
12,598
Households
2.7
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
6.4 sq mi
ZIP Area
5,412
Density / Sq Mi
$135,578
Median Household Income
$60,264
Median Earnings
$2,178
Median Rent
$666,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - This top-floor condominium has a private balcony facing the lake and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 2946 YARLING Unit 2946 Falls Church, VA.
What is the asking price?
The asking price for this property is $517,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with 1,117 square feet; Private balcony with panoramic lake views; Updated kitchen with granite countertops and stainless steel appliances
