Top-Floor Residential Income
4108 MANGALORE DRIVE Unit 302, Annandale, VA 22003
For Sale
$260,000
A renovated kitchen and hardwood flooring distinguish this upper-level residence.
Property Size941 SF
Price / SF$276.30
Days on Market99
Property Features for 4108 MANGALORE DRIVE Unit 302
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Manhattan Realty Services
Listed By:
Matthew Kyong Kim · License VA #0225039816
(571) 290-9150
Source:
Jackrealtygroup
Added: Aug 8
Changed: Nov 11
Last Checked: Nov 13 at 10:31AM
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 Manhattan Realty Services
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 941-square-foot top-floor residential unit features hardwood floors and a renovated kitchen. The building dates to 1965, and the condo fee covers all utilities.
The property is at 4108 Mangalore Drive, Unit 302, in Annandale, Virginia, minutes from I-495. Shopping, dining, and major commuter routes are also accessible nearby.
The property is at 4108 Mangalore Drive, Unit 302, in Annandale, Virginia, minutes from I-495. Shopping, dining, and major commuter routes are also accessible nearby.
Key Highlights
- 941‑square‑foot top‑floor unit
- Renovated kitchen and hardwood flooring
- Condo fee includes all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,086
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,720
$281.7K
Cap Rate 7%
$201,229
$201.2K
Cap Rate 9%
$156,511
$156.5K
Market Conditions
NOI Build-Up for 941 SF
Gross rent
$27.1K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.6K $27.22/SF
− OpEx
−$11.5K −$12.25/SF
NOI
$14.1K $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%
$281,720
Cap Rate 7%
$201,229
Cap Rate 9%
$156,511
Alternative Uses
Best Use
Apartment 5plus
$201.2K
$176.1K – $234.8K
NOI $14,086 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$522.7K
$457.3K – $609.8K
NOI $36,586 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,887
Businesses Nearby
Explore this area
Business Placement
Demographics for 22003, VA
59,372
Population
19,497
Households
3
Avg Household Size
39
Median Age
51%
College-Educated
87%
High-School Grad
12.6 sq mi
ZIP Area
4,712
Density / Sq Mi
$134,109
Median Household Income
$54,906
Median Earnings
$1,988
Median Rent
$694,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A renovated kitchen and hardwood flooring distinguish this upper-level residence.
Where is this residential income property located?
The property is located at 4108 MANGALORE DRIVE Unit 302 Annandale, VA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 941‑square‑foot top‑floor unit; Renovated kitchen and hardwood flooring; Condo fee includes all utilities
