Second-Floor Residential Income
For Sale
$749,000
3800 FAIRFAX DRIVE #102, Arlington, VA 22203
Flexible condominium layout with private outdoor space, dedicated parking, storage, and full-service building amenities.
Property Size1,710 SF
Price / SF$438.01
Days on Market75
Property Features for 3800 FAIRFAX DRIVE #102
General Information
Standard status
Active
Size
1,710 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Multifamily Units
1
Parking per Unit
1
Additional Details
Public Transit
Yes
Amenities
24-hour front desk
fitness center
outdoor pool
secure entry
Central A/C
90% Forced Air
Building Details
Year Built
1974
Listing Agency:
Keller Williams Capital Properties
Listed By:
Lee Gochman · License #676238
(631) 356-4276
Source:
Kw
Added: Aug 7
Changed: Oct 19
Last Checked: Oct 19 at 5:08AM
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.
This second-floor condominium at 3800 Fairfax Drive, Unit 102, provides 1,710 square feet with a three-bedroom arrangement or a two-bedroom plan plus den. Interior features include an in-unit storage room, pantry, office or hobby area, separate laundry room with a full-size washer and dryer, and a private balcony facing a landscaped plaza. The property includes a deeded garage parking space and a separate storage unit.
The full-service building offers a 24-hour front desk, fitness center, outdoor pool, and secure entry. Condominium fees include utilities, cable television, and internet service. Virginia Square-GMU Metro Station is approximately 1 1/2 blocks away, with access to the Ballston and Clarendon corridors, shopping, dining, parks, entertainment, Ballston Quarter, Arlington Central Library, George Mason University's Arlington campus, Oakland Park, and neighborhood conveniences. The community permits up to two pets, with a 40 lb. limit per pet, and is approved for VA and FHA financing. The property conveys with separate tax records for the condominium and deeded garage parking space.
The full-service building offers a 24-hour front desk, fitness center, outdoor pool, and secure entry. Condominium fees include utilities, cable television, and internet service. Virginia Square-GMU Metro Station is approximately 1 1/2 blocks away, with access to the Ballston and Clarendon corridors, shopping, dining, parks, entertainment, Ballston Quarter, Arlington Central Library, George Mason University's Arlington campus, Oakland Park, and neighborhood conveniences. The community permits up to two pets, with a 40 lb. limit per pet, and is approved for VA and FHA financing. The property conveys with separate tax records for the condominium and deeded garage parking space.
Key Highlights
- 1,710‑square‑foot condominium with three‑bedroom or two‑bedroom‑plus‑den configuration
- Second‑floor residence with private balcony overlooking a landscaped plaza
- Deeded garage parking space plus an additional storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,732
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,640
$514.6K
Cap Rate 7%
$367,600
$367.6K
Cap Rate 9%
$285,911
$285.9K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$49.2K $28.80/SF
− Vacancy
−$2.5K −$1.44/SF
EGI
$46.8K $27.36/SF
− OpEx
−$21.1K −$12.31/SF
NOI
$25.7K $15.05/SF
Area
Arlington, VA
Vacancy
5.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,640
Cap Rate 7%
$367,600
Cap Rate 9%
$285,911
Alternative Uses
Best Use
Apartment 5plus
$367.6K
$321.7K – $428.9K
NOI $25,732 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$949.8K
$831.1K – $1.11M
NOI $66,485 @ 7.0% cap · market cap 8.88%
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
3,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 22203, VA
25,437
Population
14,528
Households
1.8
Avg Household Size
33
Median Age
78%
College-Educated
95%
High-School Grad
1.6 sq mi
ZIP Area
15,898
Density / Sq Mi
$132,402
Median Household Income
$90,699
Median Earnings
$2,318
Median Rent
$809,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Flexible condominium layout with private outdoor space, dedicated parking, storage, and full-service building amenities.
Where is this residential income property located?
The property is located at 3800 FAIRFAX DRIVE #102 Arlington, VA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1,710‑square‑foot condominium with three‑bedroom or two‑bedroom‑plus‑den configuration; Second‑floor residence with private balcony overlooking a landscaped plaza; Deeded garage parking space plus an additional storage unit
