Updated Residential Income
For Sale
$304,997
3705 S GEORGE MASON DRIVE Unit 1407-S, Falls Church, VA 22041
A two-bedroom condominium includes a reserved garage space, private storage, and access to extensive building amenities.
Property Size1,174 SF
Price / SF$259.79
Days on Market97
Property Features for 3705 S GEORGE MASON DRIVE Unit 1407-S
General Information
Standard status
Active
Size
1,174 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,533
Amenities
outdoor swimming pool
fitness centers
sauna
steam room
party room
media room
billiard and ping pong room
card room
library
picnic area with charcoal grills
playground
convenience store
beauty salon
doctor's office
attorney's office
24-hour front desk and security
bicycle storage
private storage unit
Building Details
Building Size
1,174 SF
Year Built
1973
Listing Agency:
Green Homes Realty
Listed By:
Omeed Alizada · License #0225228376
(919) 638-0967
Source:
Jackrealtygroup
Added: Jul 24
Changed: Oct 27
Last Checked: Oct 26 at 2:10PM
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 Green Homes Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,398-square-foot, two-bedroom condominium has two full bathrooms and an end-unit layout. Recent improvements include vinyl flooring and a refrigerator and microwave installed in 2026, a stove from 2024, a dishwasher from 2023, and a washer and dryer from 2022. The unit also includes one reserved garage parking space and a private storage unit, with bicycle storage available to residents.
Building amenities include a 24-hour front desk and security, an outdoor pool, fitness centers, sauna, steam room, party and media rooms, billiards and ping pong, a library, picnic area with charcoal grills, and playground. The building also has a convenience store, beauty salon, doctor's office, and attorney's office. Electricity, gas, and water are included in the condo fee.
The property has direct access to I-395 and is approximately 4 miles from the Pentagon and Amazon's National Landing. Target, Giant Food, restaurants, and shopping are among the nearby retail options.
Building amenities include a 24-hour front desk and security, an outdoor pool, fitness centers, sauna, steam room, party and media rooms, billiards and ping pong, a library, picnic area with charcoal grills, and playground. The building also has a convenience store, beauty salon, doctor's office, and attorney's office. Electricity, gas, and water are included in the condo fee.
The property has direct access to I-395 and is approximately 4 miles from the Pentagon and Amazon's National Landing. Target, Giant Food, restaurants, and shopping are among the nearby retail options.
Key Highlights
- 1,398‑square‑foot end‑unit condominium with 2 bedrooms and 2 full bathrooms
- One reserved garage parking space, private storage unit, and access to bicycle storage
- Electricity, gas, and water are included in the condo fee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,573
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,460
$351.5K
Cap Rate 7%
$251,043
$251.0K
Cap Rate 9%
$195,256
$195.3K
Market Conditions
NOI Build-Up for 1,174 SF
Gross rent
$33.8K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$32.0K $27.22/SF
− OpEx
−$14.4K −$12.25/SF
NOI
$17.6K $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%
$351,460
Cap Rate 7%
$251,043
Cap Rate 9%
$195,256
Alternative Uses
Best Use
Apartment 5plus
$251.0K
$219.7K – $292.9K
NOI $17,573 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.92M
$4.31M – $5.74M
NOI $344,478 @ 7.0% cap · market cap 112.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
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
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condominium includes a reserved garage space, private storage, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 3705 S GEORGE MASON DRIVE Unit 1407-S Falls Church, VA.
What is the asking price?
The asking price for this property is $304,997.
What are key features of this property?
This property features: 1,398‑square‑foot end‑unit condominium with 2 bedrooms and 2 full bathrooms; One reserved garage parking space, private storage unit, and access to bicycle storage; Electricity, gas, and water are included in the condo fee
