Updated Residential Income
For Sale
$395,000
4127 FOUNTAINSIDE LANE Unit 304, Fairfax, VA 22030
A two-bedroom condominium pairs 2024 interior improvements with a private balcony, fireplace, and two assigned parking spaces.
Property Size1,066 SF
Price / SF$370.54
Days on Market19
Property Features for 4127 FOUNTAINSIDE LANE Unit 304
General Information
Standard status
Active
Size
1,066 SF
Total Parking Spaces
2
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,293
Amenities
fireplace
private balcony
outdoor pool
walking paths
tot lots
common areas
full-size washer and dryer
Building Details
Building Size
1,066 SF
Year Built
1998
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Oct 9
Changed: Oct 26
Last Checked: Oct 26 at 1:19PM
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 1,066-square-foot condominium has two bedrooms and one full bathroom. Built in 1998, the unit received new stainless steel kitchen appliances, luxury vinyl plank flooring, updated lighting and ceiling fans, and fresh paint in 2024. The open kitchen and dining area connects to the main living space, where a fireplace and sliding doors lead to a private balcony. The primary bedroom includes a walk-in closet, and the unit has a full-size washer and dryer and additional storage.
Two assigned parking spaces are provided, with visitor parking also available. Community features include an outdoor pool, walking paths, tot lots, and maintained common areas. Nearby destinations named include Fairfax Corner, Wegmans, Costco, Fair Oaks Mall, Fair Lakes shopping and dining, George Mason University, and Fairfax City. Access routes include I-66, Routes 50 and 29, Route 123, and Fairfax County Parkway; the Vienna/Fairfax-GMU Metro is also within reach.
Two assigned parking spaces are provided, with visitor parking also available. Community features include an outdoor pool, walking paths, tot lots, and maintained common areas. Nearby destinations named include Fairfax Corner, Wegmans, Costco, Fair Oaks Mall, Fair Lakes shopping and dining, George Mason University, and Fairfax City. Access routes include I-66, Routes 50 and 29, Route 123, and Fairfax County Parkway; the Vienna/Fairfax-GMU Metro is also within reach.
Key Highlights
- 1,066‑square‑foot condominium with two bedrooms and one full bathroom
- 2024 updates include kitchen appliances, flooring, lighting, ceiling fans, and interior paint
- Fireplace, private balcony, walk‑in closet, and full‑size washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,957
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,140
$319.1K
Cap Rate 7%
$227,957
$228.0K
Cap Rate 9%
$177,300
$177.3K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$30.7K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$29.0K $27.22/SF
− OpEx
−$13.1K −$12.25/SF
NOI
$16.0K $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%
$319,140
Cap Rate 7%
$227,957
Cap Rate 9%
$177,300
Alternative Uses
Best Use
Apartment 5plus
$228.0K
$199.5K – $266.0K
NOI $15,957 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.47M
$3.91M – $5.21M
NOI $312,788 @ 7.0% cap · market cap 79.19%
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
1,982
Businesses Nearby
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Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condominium pairs 2024 interior improvements with a private balcony, fireplace, and two assigned parking spaces.
Where is this residential income property located?
The property is located at 4127 FOUNTAINSIDE LANE Unit 304 Fairfax, VA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,066‑square‑foot condominium with two bedrooms and one full bathroom; 2024 updates include kitchen appliances, flooring, lighting, ceiling fans, and interior paint; Fireplace, private balcony, walk‑in closet, and full‑size washer and dryer
