Two-Bedroom Residential
For Sale
$360,000
3709 S GEORGE MASON DRIVE Unit 613E, Falls Church, VA 22041
The home combines private laundry and garage parking with access to shared recreation and service amenities.
Property Size1,373 SF
Price / SF$262.20
Days on Market10
Property Features for 3709 S GEORGE MASON DRIVE Unit 613E
General Information
Standard status
Active
Size
1,373 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,744
Amenities
in-unit laundry
garage parking
outdoor swimming pool
fitness center
concierge service
library
game room
party and meeting spaces
Building Details
Building Size
1,373 SF
Year Built
1980
Listing Agency:
Keller Williams Capital Properties
Listed By:
Yvonne T Lee II · License #644794
(301) 613-6070
Source:
Horsefarmsandcountryhomes
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 26 at 7:17PM
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 Capital Properties
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Investment Insights
Based on property information with market context.
Offering 1,373 square feet, this two-bedroom, two-bathroom condominium has new flooring, an in-unit washer and dryer, and garage parking. The layout includes two full bathrooms, and residents have access to an outdoor pool, fitness center, concierge, library, game room, and party and meeting areas within the building.
The property is in the Bailey’s Crossroads area of Falls Church, near shopping, dining, and everyday services. Major commuter routes connect the area with Northern Virginia and Washington, DC.
The property is in the Bailey’s Crossroads area of Falls Church, near shopping, dining, and everyday services. Major commuter routes connect the area with Northern Virginia and Washington, DC.
Key Highlights
- Two bedrooms and two full bathrooms
- 1,373 square feet of living space
- New flooring and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,552
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,040
$411.0K
Cap Rate 7%
$293,600
$293.6K
Cap Rate 9%
$228,356
$228.4K
Market Conditions
NOI Build-Up for 1,373 SF
Gross rent
$39.5K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$37.4K $27.22/SF
− OpEx
−$16.8K −$12.25/SF
NOI
$20.6K $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%
$411,040
Cap Rate 7%
$293,600
Cap Rate 9%
$228,356
Alternative Uses
Best Use
Apartment 5plus
$293.6K
$256.9K – $342.5K
NOI $20,552 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.76M
$5.04M – $6.71M
NOI $402,869 @ 7.0% cap · market cap 111.91%
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 - The home combines private laundry and garage parking with access to shared recreation and service amenities.
Where is this residential income property located?
The property is located at 3709 S GEORGE MASON DRIVE Unit 613E Falls Church, VA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; 1,373 square feet of living space; New flooring and in‑unit washer and dryer
