One-Bedroom Condominium
4110 MANGALORE DRIVE Unit 304, Annandale, VA 22003
For Sale
$189,000
A third-floor residence features a private balcony, updated windows, and a kitchen designed for efficient use.
Property Size745 SF
Price / SF$253.69
Days on Market54
Property Features for 4110 MANGALORE DRIVE Unit 304
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
storage closet
Building Details
Building Size
Year Built
Listing Agency:
Doorstep Property Management, LLC
Listed By:
David H Sande · License VA #0225218873
(703) 860-1500
Source:
Jackrealtygroup
Added: Sep 22
Changed: Nov 11
Last Checked: Nov 13 at 10:39AM
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 Doorstep Property Management, LLC
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Investment Insights
Based on property information with market context.
This 745-square-foot condominium residence was built in 1965 and includes a bedroom, kitchen, storage closet, and private balcony. Large windows bring natural light into the unit, while double-pane replacement windows, fresh paint, and new carpet provide documented interior updates.
The property is in Annandale, Virginia, within Annandale Gardens. The condo fee covers electricity, gas, water and sewer, and trash service.
The property is in Annandale, Virginia, within Annandale Gardens. The condo fee covers electricity, gas, water and sewer, and trash service.
Key Highlights
- 745‑square‑foot third‑floor unit
- Private balcony and storage closet
- Double‑pane replacement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,152
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,040
$223.0K
Cap Rate 7%
$159,314
$159.3K
Cap Rate 9%
$123,911
$123.9K
Market Conditions
NOI Build-Up for 745 SF
Gross rent
$21.5K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$20.3K $27.22/SF
− OpEx
−$9.1K −$12.25/SF
NOI
$11.2K $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%
$223,040
Cap Rate 7%
$159,314
Cap Rate 9%
$123,911
Alternative Uses
Best Use
Apartment 5plus
$159.3K
$139.4K – $185.9K
NOI $11,152 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$413.8K
$362.1K – $482.8K
NOI $28,966 @ 7.0% cap · market cap 15.33%
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
1,887
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A third-floor residence features a private balcony, updated windows, and a kitchen designed for efficient use.
Where is this residential income property located?
The property is located at 4110 MANGALORE DRIVE Unit 304 Annandale, VA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 745‑square‑foot third‑floor unit; Private balcony and storage closet; Double‑pane replacement windows
