Two-Bedroom Residential Income
3705 S GEORGE MASON DRIVE Unit 914S, Falls Church, VA 22041
For Sale
$369,999
The 9th-floor end unit includes two reserved garage spaces and a private balcony.
Property Size1,372 SF
Price / SF$269.68
Days on Market114
Property Features for 3705 S GEORGE MASON DRIVE Unit 914S
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour concierge
fitness center
outdoor swimming pool
on-site retail
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Duygu Brown · License #0225263170
(703) 789-7566
Source:
Mxwrealestate
Added: Jul 18
Changed: Nov 6
Last Checked: Nov 8 at 9:38AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,372-square-foot, 9th-floor end-unit residence has two bedrooms, two full bathrooms, and a private balcony. The foyer includes a walk-in closet with built-ins, while the kitchen, dining, and living areas connect in an open layout. Recent interior work includes wide-plank oak luxury vinyl flooring, new bedroom carpet, and fresh paint. The kitchen has energy-efficient appliances installed less than three years ago.
The sale includes two reserved garage parking spaces. The condo fee covers all utilities. Building amenities include a 24-hour concierge, fitness center, outdoor pool, on-site retail, and maintained common areas. The property is in Falls Church, near Washington, D.C., Arlington, Alexandria, the Pentagon, I-395, Metrobus routes, shopping, dining, and entertainment.
The sale includes two reserved garage parking spaces. The condo fee covers all utilities. Building amenities include a 24-hour concierge, fitness center, outdoor pool, on-site retail, and maintained common areas. The property is in Falls Church, near Washington, D.C., Arlington, Alexandria, the Pentagon, I-395, Metrobus routes, shopping, dining, and entertainment.
Key Highlights
- 1,372‑square‑foot, 9th‑floor end unit
- Two bedrooms and two full bathrooms
- Two reserved garage parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,537
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,740
$410.7K
Cap Rate 7%
$293,386
$293.4K
Cap Rate 9%
$228,189
$228.2K
Market Conditions
NOI Build-Up for 1,372 SF
Gross rent
$39.5K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$37.3K $27.22/SF
− OpEx
−$16.8K −$12.25/SF
NOI
$20.5K $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%
$410,740
Cap Rate 7%
$293,386
Cap Rate 9%
$228,189
Alternative Uses
Best Use
Apartment 5plus
$293.4K
$256.7K – $342.3K
NOI $20,537 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.75M
$5.03M – $6.71M
NOI $402,576 @ 7.0% cap · market cap 108.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,864
Businesses Nearby
Explore this area
Business Placement
Demographics for 22041, VA
28,039
Population
11,567
Households
2.4
Avg Household Size
36
Median Age
47%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
10,014
Density / Sq Mi
$91,075
Median Household Income
$46,350
Median Earnings
$1,913
Median Rent
$432,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 9th-floor end unit includes two reserved garage spaces and a private balcony.
Where is this residential income property located?
The property is located at 3705 S GEORGE MASON DRIVE Unit 914S Falls Church, VA.
What is the asking price?
The asking price for this property is $369,999.
What are key features of this property?
This property features: 1,372‑square‑foot, 9th‑floor end unit; Two bedrooms and two full bathrooms; Two reserved garage parking spaces
