Residential Income Property with Garage
3100 S MANCHESTER ST #1132, Falls Church, VA 22044
For Sale
New
$185,000
FALLS CHURCH, VA
Property Size785 SF
Price / SF$235.67
Days on Market2
Property Features for 3100 S MANCHESTER ST #1132
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Amenities
swimming pools
fitness center
sauna
tennis courts
playground
on-site convenience store
laundry facilities
Building Details
Year built
Listing Agency:
Arlington
(703) 522-0500
Listed By:
Thomas E Anderson
Added: Nov 13
Last Checked: Nov 14 at 4:06AM
MLS# VAFX2347802
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 785-square-foot, one-bedroom condominium occupies the building’s top floor and has a west-facing exposure, private balcony, and substantial closet storage. Recent work includes new carpet, fresh paint, and a replacement HVAC motor; the kitchen and bathroom are ready for updates. The unit is offered in as-is condition and comes with a designated garage parking space, transferable through the management office.
Building amenities include swimming pools, a fitness center, sauna, tennis courts, a playground, and an on-site convenience store. Laundry facilities are available on each floor, and the monthly condominium fee covers utilities, building maintenance, security, and community amenities. The property is in Falls Church, with access to Washington, D.C., Tysons, and Arlington, as well as restaurants, shopping, public transportation, and everyday services.
Building amenities include swimming pools, a fitness center, sauna, tennis courts, a playground, and an on-site convenience store. Laundry facilities are available on each floor, and the monthly condominium fee covers utilities, building maintenance, security, and community amenities. The property is in Falls Church, with access to Washington, D.C., Tysons, and Arlington, as well as restaurants, shopping, public transportation, and everyday services.
Key Highlights
- 785‑square‑foot, one‑bedroom condominium on the top floor
- Designated garage parking space, transferable through the management office
- Private balcony with western exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,751
Cap Rate
6.35%
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 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$436.0K
$381.5K – $508.7K
NOI $30,521 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
862
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 - A one-bedroom upper-level residence includes a designated garage space and private balcony.
Where is this residential income property located?
The property is located at 3100 S MANCHESTER ST #1132 Falls Church, VA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 785‑square‑foot, one‑bedroom condominium on the top floor; Designated garage parking space, transferable through the management office; Private balcony with western exposure
