Residential Income Property with
New
For Sale
$220,000
3100 MANCHESTER STREET Unit 220, Falls Church, VA 22044
The condominium fee includes utilities and access to shared amenities, including a pool, fitness room, and convenience store.
Property Size785 SF
Price / SF$280.25
Days on Market7
Property Features for 3100 MANCHESTER STREET Unit 220
General Information
Standard status
Active
Size
785 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,320
Amenities
on-site gym
library
guest suites
pool
grilling pavilions
convenience store
private balcony
Building Details
Building Size
785 SF
Year Built
1972
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 26 at 3:18PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 785-square-foot condominium residence is on the ninth floor and has one bedroom, one bathroom, and a private balcony. Recent interior work includes new carpet and paint, along with updates to the kitchen and bathroom. The balcony faces west and offers sunset views.
Shared building amenities include a gym, library, guest suites, swimming pool, grilling pavilions, and a convenience store. Utilities are included in the condominium fee. Pets are not permitted in the building.
Shared building amenities include a gym, library, guest suites, swimming pool, grilling pavilions, and a convenience store. Utilities are included in the condominium fee. Pets are not permitted in the building.
Key Highlights
- 785‑square‑foot condominium residence with one bedroom and one bathroom
- Ninth‑floor unit with a private balcony and western views
- Interior updates include new carpet, paint, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,751
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,020
$235.0K
Cap Rate 7%
$167,871
$167.9K
Cap Rate 9%
$130,567
$130.6K
Market Conditions
NOI Build-Up for 785 SF
Gross rent
$22.6K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$21.4K $27.22/SF
− OpEx
−$9.6K −$12.25/SF
NOI
$11.8K $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%
$235,020
Cap Rate 7%
$167,871
Cap Rate 9%
$130,567
Alternative Uses
Best Use
Apartment 5plus
$167.9K
$146.9K – $195.9K
NOI $11,751 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.29M
$2.88M – $3.84M
NOI $230,337 @ 7.0% cap · market cap 104.70%
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
862
Businesses Nearby
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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 - The condominium fee includes utilities and access to shared amenities, including a pool, fitness room, and convenience store.
Where is this residential income property located?
The property is located at 3100 MANCHESTER STREET Unit 220 Falls Church, VA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 785‑square‑foot condominium residence with one bedroom and one bathroom; Ninth‑floor unit with a private balcony and western views; Interior updates include new carpet, paint, kitchen, and bathroom
