One-Bedroom Residential
For Sale
$199,900
3101 S MANCHESTER STREET Unit 420, Falls Church, VA 22044
Condo fees cover heat, hot water, electricity, and air conditioning; internet is not included.
Property Size785 SF
Price / SF$254.65
Days on Market85
Property Features for 3101 S MANCHESTER STREET Unit 420
General Information
Standard status
Active
Size
785 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Asking Price
$199,900
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,336
Amenities
swimming pool
fitness center
sauna
playground
on-site convenience store
Building Details
Building Size
785 SF
Year Built
1972
Listing Agency:
Coldwell Banker Realty
Listed By:
Farid Khan · License #0225232320
(571) 201-3969
Source:
Jackrealtygroup
Added: Aug 5
Changed: Oct 27
Last Checked: Oct 26 at 2:49PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium is in a residential community with a swimming pool, fitness center, sauna, playground, and on-site convenience store. The condo fee includes heat, hot water, electricity, and air conditioning; internet is excluded.
The property is near commuter routes, shopping, and dining, with Washington, D.C. described as minutes away.
The property is near commuter routes, shopping, and dining, with Washington, D.C. described as minutes away.
Key Highlights
- One‑bedroom, one‑bath condominium
- Condo fee includes heat, hot water, electricity, and air conditioning; internet is excluded
- Community amenities include a pool, fitness center, sauna, playground, and convenience store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,751
Cap Rate
5.88%
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 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.29M
$2.88M – $3.84M
NOI $230,337 @ 7.0% cap · market cap 115.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
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 - Condo fees cover heat, hot water, electricity, and air conditioning; internet is not included.
Where is this residential income property located?
The property is located at 3101 S MANCHESTER STREET Unit 420 Falls Church, VA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium; Condo fee includes heat, hot water, electricity, and air conditioning; internet is excluded; Community amenities include a pool, fitness center, sauna, playground, and convenience store
