Two-Bedroom Condominium with
For Sale
$349,900
3713 S GEORGE MASON DRIVE Unit 404, Falls Church, VA 22041
Updated kitchen, two assigned parking spaces, and a separate storage unit complement the residence.
Property Size1,395 SF
Price / SF$250.82
Days on Market70
Property Features for 3713 S GEORGE MASON DRIVE Unit 404
General Information
Standard status
Active
Size
1,395 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Asking Price
$329,900
Taxes and HOA fees
Annual Taxes
$4,007
Amenities
expansive covered balcony
assigned storage unit
24-hour staffed front desk
controlled building access
outdoor pool
exercise room with sauna and steam room
resident gathering and recreation spaces
Building Details
Building Size
1,395 SF
Year Built
1979
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Aug 20
Changed: Oct 26
Last Checked: Oct 26 at 12:56PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,395-square-foot condominium has two bedrooms and two bathrooms, with a layout that includes living and dining areas and a covered balcony. The kitchen has white cabinetry, quartz countertops, and stainless steel appliances. Both bathrooms have been updated, and the residence includes a washer and dryer. The primary bedroom has a private full bath, and a separate assigned storage unit is included.
The unit comes with two assigned parking spaces: one in the garage and one outdoors. Skyline House provides a staffed front desk around the clock, controlled building access, an outdoor pool, an exercise room with sauna and steam room, and resident gathering and recreation areas. Shopping, groceries, dining, Metrobus service, and I-395 are nearby.
The unit comes with two assigned parking spaces: one in the garage and one outdoors. Skyline House provides a staffed front desk around the clock, controlled building access, an outdoor pool, an exercise room with sauna and steam room, and resident gathering and recreation areas. Shopping, groceries, dining, Metrobus service, and I-395 are nearby.
Key Highlights
- 1,395‑square‑foot, two‑bedroom, two‑bath condominium
- Covered balcony with open sky and skyline views
- Two assigned spaces: one garage and one outdoor parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,881
Cap Rate
5.97%
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 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.85M
$5.12M – $6.82M
NOI $409,324 @ 7.0% cap · market cap 116.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, two assigned parking spaces, and a separate storage unit complement the residence.
Where is this residential income property located?
The property is located at 3713 S GEORGE MASON DRIVE Unit 404 Falls Church, VA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,395‑square‑foot, two‑bedroom, two‑bath condominium; Covered balcony with open sky and skyline views; Two assigned spaces: one garage and one outdoor parking space
