Renovated Two-Bedroom Residential
For Sale
$235,000
3072 PATRICK HENRY Unit 202, Falls Church, VA 22044
Open living and dining areas connect to a kitchen with a new refrigerator and range/oven.
Property Size705 SF
Price / SF$333.33
Days on Market53
Property Features for 3072 PATRICK HENRY Unit 202
General Information
Standard status
Active
Size
705 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,292
Building Details
Building Size
705 SF
Year Built
1952
Year Renovated
2026
Listing Agency:
Fairfax Realty Select
Listed By:
Huy D Vu · License #0225174892
(703) 229-7919
Source:
Jackrealtygroup
Added: Sep 7
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 Fairfax Realty Select
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Investment Insights
Based on property information with market context.
This 705-square-foot residential unit has two bedrooms, each with a closet, and an open living and dining area. A major renovation was completed in 2026, and all windows are new. The kitchen includes a new refrigerator and range/oven; washer and dryer hookups are also provided. The building dates to 1952 and has a brick exterior.
The property is near Route 7 and Route 50, with Seven Corners Shopping Center nearby. East Falls Church Metro is approximately 1 mile away by walking distance. On-site parking is available.
The property is near Route 7 and Route 50, with Seven Corners Shopping Center nearby. East Falls Church Metro is approximately 1 mile away by walking distance. On-site parking is available.
Key Highlights
- 705‑square‑foot unit with two bedrooms
- Major renovation completed in 2026; all windows are new
- Kitchen includes a new refrigerator and range/oven
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,553
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$211,060
$211.1K
Cap Rate 7%
$150,757
$150.8K
Cap Rate 9%
$117,256
$117.3K
Market Conditions
NOI Build-Up for 705 SF
Gross rent
$20.3K $28.80/SF
− Vacancy
−$1.1K −$1.58/SF
EGI
$19.2K $27.22/SF
− OpEx
−$8.6K −$12.25/SF
NOI
$10.6K $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%
$211,060
Cap Rate 7%
$150,757
Cap Rate 9%
$117,256
Alternative Uses
Best Use
Apartment 5plus
$150.8K
$131.9K – $175.9K
NOI $10,553 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.45M
NOI $206,863 @ 7.0% cap · market cap 88.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,631
Businesses Nearby
Explore this area
Business Placement
Demographics for 22044, VA
13,847
Population
5,495
Households
2.5
Avg Household Size
37
Median Age
50%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
6,594
Density / Sq Mi
$100,129
Median Household Income
$50,057
Median Earnings
$1,814
Median Rent
$711,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Open living and dining areas connect to a kitchen with a new refrigerator and range/oven.
Where is this residential income property located?
The property is located at 3072 PATRICK HENRY Unit 202 Falls Church, VA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 705‑square‑foot unit with two bedrooms; Major renovation completed in 2026; all windows are new; Kitchen includes a new refrigerator and range/oven
