Renovated High-Rise
For Sale
$315,000
3705 S GEORGE MASON DRIVE Unit 1502-S, Falls Church, VA 22041
A private balcony and included garage space accompany the updated interior and building amenities.
Property Size956 SF
Price / SF$329.50
Days on Market28
Property Features for 3705 S GEORGE MASON DRIVE Unit 1502-S
General Information
Standard status
Active
Size
956 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,280
Amenities
private balcony
swimming pool
fitness center
on-site convenience store
dry cleaning
hair salon
shuttle service
Building Details
Building Size
956 SF
Year Built
1975
Year Renovated
2022
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 26 at 2:18PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 15th-floor, 1-bedroom, 1-bath condo was renovated in 2022 and includes an open living and dining area, expansive windows, and a private balcony. The kitchen has two-tone JEK cabinetry, Calacatta Laza quartz countertops, a Carrara marble backsplash, and GE stainless steel appliances. A double vanity and contemporary fixtures are among the bathroom updates. One garage parking space is included. The building dates to 1975.
Skyline Plaza offers a swimming pool, fitness center, convenience store, dry cleaning, hair salon, and shuttle service to the Pentagon. Metrobus service is available outside the building. The property is in Bailey's Crossroads, near Route 7/Leesburg Pike, South George Mason Drive, and I-395, with access to Shirlington, Pentagon City, Ballston, Old Town Alexandria, Reagan National Airport, Washington, D.C., and Amazon HQ2.
Skyline Plaza offers a swimming pool, fitness center, convenience store, dry cleaning, hair salon, and shuttle service to the Pentagon. Metrobus service is available outside the building. The property is in Bailey's Crossroads, near Route 7/Leesburg Pike, South George Mason Drive, and I-395, with access to Shirlington, Pentagon City, Ballston, Old Town Alexandria, Reagan National Airport, Washington, D.C., and Amazon HQ2.
Key Highlights
- 15th‑floor condo with 1 bedroom, 1 bath, and a private balcony
- Renovated in 2022; building constructed in 1975
- Kitchen features two‑tone JEK cabinetry, Calacatta Laza quartz, and a Carrara marble backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,310
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,200
$286.2K
Cap Rate 7%
$204,429
$204.4K
Cap Rate 9%
$159,000
$159.0K
Market Conditions
NOI Build-Up for 956 SF
Gross rent
$27.5K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$26.0K $27.22/SF
− OpEx
−$11.7K −$12.25/SF
NOI
$14.3K $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%
$286,200
Cap Rate 7%
$204,429
Cap Rate 9%
$159,000
Alternative Uses
Best Use
Apartment 5plus
$204.4K
$178.9K – $238.5K
NOI $14,310 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.01M
$3.51M – $4.68M
NOI $280,512 @ 7.0% cap · market cap 89.05%
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
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 private balcony and included garage space accompany the updated interior and building amenities.
Where is this residential income property located?
The property is located at 3705 S GEORGE MASON DRIVE Unit 1502-S Falls Church, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 15th‑floor condo with 1 bedroom, 1 bath, and a private balcony; Renovated in 2022; building constructed in 1975; Kitchen features two‑tone JEK cabinetry, Calacatta Laza quartz, and a Carrara marble backsplash
