Residential Income Property with
For Sale
$498,888
4320 CANNON RIDGE COURT Unit 56, Fairfax, VA 22033
Renovation plans, private parking, and shared recreational facilities add practical appeal to this low-maintenance residence.
Property Size1,555 SF
Price / SF$320.83
Days on Market106
Property Features for 4320 CANNON RIDGE COURT Unit 56
General Information
Standard status
Active
Size
1,555 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$5,467
Amenities
outdoor pool
clubhouse
exercise room
tennis courts
in-unit laundry
Building Details
Building Size
1,555 SF
Year Built
2000
Listing Agency:
SilverLine Realty & Investment LLC
Listed By:
Tracy Taeeun Comstock · License #0226022452
(703) 966-7268
Source:
Kerishull
Added: Jul 4
Changed: Oct 16
Last Checked: Oct 16 at 5:42PM
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 SilverLine Realty & Investment LLC
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Investment Insights
Based on property information with market context.
This 1,555-square-foot residential income property was built in 2000 and offers three bedrooms, two full bathrooms, and an open living and dining arrangement. The kitchen includes stainless steel appliances, a built-in microwave, gas oven/range, and dishwasher. Engineered wood flooring, carpeting, in-unit washer and dryer hookups, and a dedicated parking garage space with extra storage are included. Renovation is planned for 2026.
Community amenities include an outdoor pool, clubhouse, exercise room, tennis courts, and maintained common grounds. Security features include a secured main entrance, smoke detectors, and an indoor sprinkler system. The association fee covers lawn maintenance, snow removal, and trash collection. The property is located at 4320 Cannon Ridge Court, Unit 56, in Fairfax, Virginia 22033.
Community amenities include an outdoor pool, clubhouse, exercise room, tennis courts, and maintained common grounds. Security features include a secured main entrance, smoke detectors, and an indoor sprinkler system. The association fee covers lawn maintenance, snow removal, and trash collection. The property is located at 4320 Cannon Ridge Court, Unit 56, in Fairfax, Virginia 22033.
Key Highlights
- 1,555 SF residence with 3 bedrooms and 2 full bathrooms
- Built in 2000; renovation planned for 2026
- Stainless steel kitchen appliances include gas oven/range, dishwasher, and built‑in microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,276
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,520
$465.5K
Cap Rate 7%
$332,514
$332.5K
Cap Rate 9%
$258,622
$258.6K
Market Conditions
NOI Build-Up for 1,555 SF
Gross rent
$44.8K $28.80/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$42.3K $27.22/SF
− OpEx
−$19.0K −$12.25/SF
NOI
$23.3K $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%
$465,520
Cap Rate 7%
$332,514
Cap Rate 9%
$258,622
Alternative Uses
Best Use
Apartment 5plus
$332.5K
$291.0K – $387.9K
NOI $23,276 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.52M
$5.70M – $7.60M
NOI $456,272 @ 7.0% cap · market cap 91.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
Explore this area
Business Placement
Demographics for 22033, VA
40,692
Population
16,057
Households
2.5
Avg Household Size
37
Median Age
67%
College-Educated
95%
High-School Grad
7.8 sq mi
ZIP Area
5,217
Density / Sq Mi
$134,532
Median Household Income
$75,231
Median Earnings
$2,253
Median Rent
$621,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Renovation plans, private parking, and shared recreational facilities add practical appeal to this low-maintenance residence.
Where is this residential income property located?
The property is located at 4320 CANNON RIDGE COURT Unit 56 Fairfax, VA.
What is the asking price?
The asking price for this property is $498,888.
What are key features of this property?
This property features: 1,555 SF residence with 3 bedrooms and 2 full bathrooms; Built in 2000; renovation planned for 2026; Stainless steel kitchen appliances include gas oven/range, dishwasher, and built‑in microwave
