Residential Income
For Sale
$210,000
3100 S MANCHESTER STREET Unit 514, Falls Church, VA 22044
Tenant occupancy is in place at this 1972-built property.
Property Size785 SF
Price / SF$267.52
Days on Market35
Property Features for 3100 S MANCHESTER STREET Unit 514
General Information
Standard status
Active
Size
785 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,460
Building Details
Building Size
785 SF
Year Built
1972
Listing Agency:
Compass
Listed By:
District Property Group
(202) 286-1658
Source:
Districtpropertygroup
Added: Sep 24
Changed: Oct 27
Last Checked: Oct 26 at 3:04PM
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 Compass
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Investment Insights
Based on property information with market context.
This residential income property was built in 1972 and is currently tenant occupied.
Key Highlights
- Tenant occupied
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,751
Cap Rate
5.60%
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 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.29M
$2.88M – $3.84M
NOI $230,337 @ 7.0% cap · market cap 109.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Tenant occupancy is in place at this 1972-built property.
Where is this residential income property located?
The property is located at 3100 S MANCHESTER STREET Unit 514 Falls Church, VA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Tenant occupied; Built in 1972
