Renovated One-Bedroom
For Sale
$274,000
3705 S GEORGE MASON DRIVE Unit 710S, Falls Church, VA 22041
An open living and dining area connects to a fully updated kitchen, with in-unit laundry and an assigned garage space.
Property Size821 SF
Price / SF$333.74
Days on Market146
Property Features for 3705 S GEORGE MASON DRIVE Unit 710S
General Information
Standard status
Active
Size
821 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,016
Amenities
outdoor pool
fitness center
sauna
rooftop terrace
party room
convenience store
hair salon
shuttle bus
Building Details
Building Size
821 SF
Year Built
1975
Buildings
1
Listing Agency:
KW United
Listed By:
Mitchell S Curtis · License #0225084598
(202) 557-1893
Source:
Jackrealtygroup
Added: Jun 5
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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 KW United
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Investment Insights
Based on property information with market context.
This 821-square-foot, one-bedroom, one-bath condominium is on the seventh floor of Skyline Plaza South. Its open living and dining area joins a renovated kitchen with 42-inch maple cabinets, quartz counters, a ceramic tile backsplash, and stainless-steel GE appliances. The bedroom has three closets, including a walk-in, and the unit includes an LG washer and electric dryer. An assigned garage parking space is included.
Interior updates include new flooring, paint, lighting, doors, an electrical panel, and bathroom fixtures and finishes. A private balcony is accessed through a new balcony door. Building amenities include an outdoor pool, fitness centers, saunas, rooftop terraces, party rooms, a convenience store, and a hair salon. A shuttle serves the Pentagon and Metro.
Interior updates include new flooring, paint, lighting, doors, an electrical panel, and bathroom fixtures and finishes. A private balcony is accessed through a new balcony door. Building amenities include an outdoor pool, fitness centers, saunas, rooftop terraces, party rooms, a convenience store, and a hair salon. A shuttle serves the Pentagon and Metro.
Key Highlights
- 821‑square‑foot, one‑bedroom, one‑bath condominium on the seventh floor
- One assigned garage parking space
- Renovated kitchen with 42‑inch maple cabinets, quartz countertops, and stainless‑steel GE appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,289
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,780
$245.8K
Cap Rate 7%
$175,557
$175.6K
Cap Rate 9%
$136,544
$136.5K
Market Conditions
NOI Build-Up for 821 SF
Gross rent
$23.6K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$22.3K $27.22/SF
− OpEx
−$10.1K −$12.25/SF
NOI
$12.3K $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%
$245,780
Cap Rate 7%
$175,557
Cap Rate 9%
$136,544
Alternative Uses
Best Use
Apartment 5plus
$175.6K
$153.6K – $204.8K
NOI $12,289 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.44M
$3.01M – $4.02M
NOI $240,900 @ 7.0% cap · market cap 87.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
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Frequently Asked Questions
What type of property is this?
Residential income property - An open living and dining area connects to a fully updated kitchen, with in-unit laundry and an assigned garage space.
Where is this residential income property located?
The property is located at 3705 S GEORGE MASON DRIVE Unit 710S Falls Church, VA.
What is the asking price?
The asking price for this property is $274,000.
What are key features of this property?
This property features: 821‑square‑foot, one‑bedroom, one‑bath condominium on the seventh floor; One assigned garage parking space; Renovated kitchen with 42‑inch maple cabinets, quartz countertops, and stainless‑steel GE appliances
