Corner Residential
For Sale
$349,990
3713 S GEORGE MASON DRIVE Unit T5W, Falls Church, VA 22041
A private terrace, in-unit laundry, and step-free building access add practical convenience to this corner home.
Property Size2,079 SF
Price / SF$168.35
Days on Market27
Property Features for 3713 S GEORGE MASON DRIVE Unit T5W
General Information
Standard status
Active
Size
2,079 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Asking Price
$349,990
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,029
Amenities
pool
24/7 front desk
metro shuttle
picnic space
tennis courts
rooftop community room
party and meeting rooms
on-site management
Building Details
Building Size
2,079 SF
Year Built
1979
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Oct 2
Changed: Oct 27
Last Checked: Oct 26 at 11:26AM
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
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 corner condo has three bedrooms, 2.5 bathrooms, and windows on two sides. The living room opens to a private terrace, while a separate dining room can also serve as a den or home office. The kitchen features upgraded counters, solid wood cabinets, table space, and an in-unit washer and dryer. Each bedroom has a walk-in closet; flooring is ceramic tile and vinyl plank. Recent updates include hardware, light fixtures, and neutral paint. A deeded garage space, PS23W, is included, and a second space, PS505E, is available for purchase.
Building amenities include a pool, tennis courts, picnic area, rooftop community room, party and meeting rooms, and a 24-hour front desk. The condo fee covers water and amenities. Step-free access is available at the rear entrance, with indoor connections to the garage, pool deck, and east building. Metro shuttle and local bus service stop at the building, with shops, restaurants, grocery stores, and parks nearby. The property is in Falls Church/Bailey’s Crossroads, about 10 miles from DC, Tysons, and Reagan National Airport, 15 miles from Fort Belvoir, and about a 60-minute drive from Dulles International Airport.
Building amenities include a pool, tennis courts, picnic area, rooftop community room, party and meeting rooms, and a 24-hour front desk. The condo fee covers water and amenities. Step-free access is available at the rear entrance, with indoor connections to the garage, pool deck, and east building. Metro shuttle and local bus service stop at the building, with shops, restaurants, grocery stores, and parks nearby. The property is in Falls Church/Bailey’s Crossroads, about 10 miles from DC, Tysons, and Reagan National Airport, 15 miles from Fort Belvoir, and about a 60-minute drive from Dulles International Airport.
Key Highlights
- 2,079‑square‑foot corner condo with three bedrooms and 2.5 bathrooms
- Private living‑room terrace; windows on two sides
- In‑unit washer and dryer; walk‑in closets in all three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,120
Cap Rate
8.89%
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 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.71M
$7.63M – $10.17M
NOI $610,025 @ 7.0% cap · market cap 174.30%
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 - A private terrace, in-unit laundry, and step-free building access add practical convenience to this corner home.
Where is this residential income property located?
The property is located at 3713 S GEORGE MASON DRIVE Unit T5W Falls Church, VA.
What is the asking price?
The asking price for this property is $349,990.
What are key features of this property?
This property features: 2,079‑square‑foot corner condo with three bedrooms and 2.5 bathrooms; Private living‑room terrace; windows on two sides; In‑unit washer and dryer; walk‑in closets in all three bedrooms
