Two-Bedroom Residential Income
3713 S GEORGE MASON DRIVE S Unit 704, Falls Church, VA 22041
For Sale
$305,000
The 1,395-square-foot residence includes two full bathrooms, in-unit laundry, assigned garage parking, and access to shared building amenities.
Property Size1,395 SF
Price / SF$218.64
Days on Market45
Property Features for 3713 S GEORGE MASON DRIVE S Unit 704
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
rooftop deck
billiard room
exercise room
fitness center
game room
party room
outdoor swimming pool
24-hour monitoring
lobby desk
intercom system
Building Details
Building Size
Year Built
Listing Agency:
A K Real Estate
Listed By:
Abdelkader S Khatib · License #0225025339
(703) 216-6660
Source:
Mxwrealestate
Added: Sep 26
Changed: Nov 8
Last Checked: Nov 8 at 3:18PM
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 A K Real Estate
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Investment Insights
Based on property information with market context.
At Skyline House, this 1,395-square-foot residence has two bedrooms and two full bathrooms. The floor plan includes a living room, formal dining area, and an eat-in kitchen with a pantry. Wood flooring and carpeting are complemented by a washer and dryer, dishwasher, built-in microwave, electric range, and refrigerator. The primary suite has an en-suite bathroom and two closets, including a walk-in closet.
Building amenities include a rooftop deck, outdoor pool, fitness and exercise rooms, billiard and game rooms, and a party room. Residents also have access to assigned garage parking and additional storage. Building security features include 24-hour monitoring, lobby desk service, and an intercom system.
The property is at 3713 S George Mason Drive, Unit 704, in Falls Church, Virginia. A bus stop is less than a mile away, and a Metro station is within three miles. The building was constructed in 1979.
Building amenities include a rooftop deck, outdoor pool, fitness and exercise rooms, billiard and game rooms, and a party room. Residents also have access to assigned garage parking and additional storage. Building security features include 24-hour monitoring, lobby desk service, and an intercom system.
The property is at 3713 S George Mason Drive, Unit 704, in Falls Church, Virginia. A bus stop is less than a mile away, and a Metro station is within three miles. The building was constructed in 1979.
Key Highlights
- Two bedrooms, two full bathrooms, and 1,395 square feet
- Primary suite features an en‑suite bath and two closets, including a walk‑in
- Shared amenities include a rooftop deck, outdoor pool, fitness rooms, and billiard room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,881
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,620
$417.6K
Cap Rate 7%
$298,300
$298.3K
Cap Rate 9%
$232,011
$232.0K
Market Conditions
NOI Build-Up for 1,395 SF
Gross rent
$40.2K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$38.0K $27.22/SF
− OpEx
−$17.1K −$12.25/SF
NOI
$20.9K $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%
$417,620
Cap Rate 7%
$298,300
Cap Rate 9%
$232,011
Alternative Uses
Best Use
Apartment 5plus
$298.3K
$261.0K – $348.0K
NOI $20,881 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$774.8K
$678.0K – $904.0K
NOI $54,238 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,873
Businesses Nearby
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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 - The 1,395-square-foot residence includes two full bathrooms, in-unit laundry, assigned garage parking, and access to shared building amenities.
Where is this residential income property located?
The property is located at 3713 S GEORGE MASON DRIVE S Unit 704 Falls Church, VA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two bedrooms, two full bathrooms, and 1,395 square feet; Primary suite features an en‑suite bath and two closets, including a walk‑in; Shared amenities include a rooftop deck, outdoor pool, fitness rooms, and billiard room
