Residential Income Property Near
For Sale
$749,900
2960 VADEN DRIVE Unit 2-103, Fairfax, VA 22031
Upper-level condominium in a 55+ community with garage parking, storage, and extensive resident amenities.
Property Size1,546 SF
Price / SF$485.06
Days on Market59
Property Features for 2960 VADEN DRIVE Unit 2-103
General Information
Standard status
Active
Size
1,546 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,964
Amenities
exercise room
indoor heated pool
clubroom
outdoor grill area
garden committee maintained flower areas
Building Details
Building Size
1,546 SF
Year Built
2020
Listing Agency:
Samson Properties
Listed By:
Carole R. Stadfield · License #0225113607
(703) 899-8468
Source:
Kerishull
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 16 at 5:32PM
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
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Investment Insights
Based on property information with market context.
This 1,546-square-foot condominium was built in 2020 and is situated above ground level within a 55+ community. The residence includes two garage spaces on level G1 near the elevator, along with a secure storage area. Community facilities include an exercise room, indoor heated pool, clubroom, grills, outdoor seating, and landscaped courtyard areas.
Vienna-Fairfax Metro station is located across the street, providing a direct transit connection from the community. Residents also have access to organized social activities and clubs, including card games, theater outings, golf outings, and community gatherings.
Vienna-Fairfax Metro station is located across the street, providing a direct transit connection from the community. Residents also have access to organized social activities and clubs, including card games, theater outings, golf outings, and community gatherings.
Key Highlights
- 1,546‑square‑foot condominium built in 2020
- 55+ community across the street from Vienna‑Fairfax Metro station
- Two garage spaces on level G1 near the elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,142
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,840
$462.8K
Cap Rate 7%
$330,600
$330.6K
Cap Rate 9%
$257,133
$257.1K
Market Conditions
NOI Build-Up for 1,546 SF
Gross rent
$44.5K $28.80/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$42.1K $27.22/SF
− OpEx
−$18.9K −$12.25/SF
NOI
$23.1K $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%
$462,840
Cap Rate 7%
$330,600
Cap Rate 9%
$257,133
Alternative Uses
Best Use
Apartment 5plus
$330.6K
$289.3K – $385.7K
NOI $23,142 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.48M
$5.67M – $7.56M
NOI $453,631 @ 7.0% cap · market cap 60.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level condominium in a 55+ community with garage parking, storage, and extensive resident amenities.
Where is this residential income property located?
The property is located at 2960 VADEN DRIVE Unit 2-103 Fairfax, VA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 1,546‑square‑foot condominium built in 2020; 55+ community across the street from Vienna‑Fairfax Metro station; Two garage spaces on level G1 near the elevator
