Three-Bedroom Condominium
For Sale
$455,000
3709 S GEORGE MASON DRIVE Unit 205E, Falls Church, VA 22041
Renovated in 2023, the residence includes a private balcony and dedicated parking.
Property Size2,079 SF
Price / SF$218.86
Days on Market21
Property Features for 3709 S GEORGE MASON DRIVE Unit 205E
General Information
Standard status
Active
Size
2,079 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,630
Amenities
private balcony
dedicated parking
Building Details
Building Size
2,079 SF
Year Built
1980
Year Renovated
2023
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 8
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,079-square-foot condominium residence offers three bedrooms, 2.5 baths, a foyer, and substantial storage, including a walk-in coat closet. The kitchen connects with the dining area, which opens to a large living room. A private balcony extends the living space, and dedicated parking is included. The home underwent a major renovation in 2023.
Built in 1980, the residence is located at 3709 S George Mason Drive in Falls Church, Virginia.
Built in 1980, the residence is located at 3709 S George Mason Drive in Falls Church, Virginia.
Key Highlights
- 2,079 square feet with three bedrooms and 2.5 baths
- Major renovation completed in 2023
- Private balcony with tree‑canopy views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,120
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,400
$622.4K
Cap Rate 7%
$444,571
$444.6K
Cap Rate 9%
$345,778
$345.8K
Market Conditions
NOI Build-Up for 2,079 SF
Gross rent
$59.9K $28.80/SF
− Vacancy
−$3.3K −$1.58/SF
EGI
$56.6K $27.22/SF
− OpEx
−$25.5K −$12.25/SF
NOI
$31.1K $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%
$622,400
Cap Rate 7%
$444,571
Cap Rate 9%
$345,778
Alternative Uses
Best Use
Apartment 5plus
$444.6K
$389.0K – $518.7K
NOI $31,120 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.71M
$7.63M – $10.17M
NOI $610,025 @ 7.0% cap · market cap 134.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,873
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 - Renovated in 2023, the residence includes a private balcony and dedicated parking.
Where is this residential income property located?
The property is located at 3709 S GEORGE MASON DRIVE Unit 205E Falls Church, VA.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 2,079 square feet with three bedrooms and 2.5 baths; Major renovation completed in 2023; Private balcony with tree‑canopy views
