Residential Income Property with
4359 WILSON VALLEY DRIVE Unit 202, Fairfax, VA 22033
For Sale
$390,000
First-floor home with a gas fireplace, in-unit laundry, and assigned parking near the building entrance.
Property Size1,227 SF
Price / SF$317.85
Days on Market40
Property Features for 4359 WILSON VALLEY DRIVE Unit 202
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
outdoor pool
tennis courts
playgrounds
in-unit laundry
private balcony
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty, LLC
Listed By:
Joe R Konczal · License #17026
(703) 203-3912
Source:
Catoctinproperties
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 12:23PM
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, LLC
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Investment Insights
Based on property information with market context.
This 1,227-square-foot residence in Cedar Lakes Community was built in 1997 and is identified as Unit 202, though it is on the first floor. The two-bedroom, two-bathroom layout includes a living area with a gas fireplace, a dining area adjoining the kitchen, and a private balcony. The kitchen has gas appliances, and the HVAC system is less than five years old. A walk-in closet serves the primary bedroom, and laundry is located inside the unit.
Assigned parking is positioned in front of the building entrance. Community features include an outdoor pool, tennis courts, and playgrounds. Water, sewer, trash service, and snow removal are included in the condo fee. Fairfax Corner, Fairfax Towne Center, and Fair Oaks Mall are a short drive away; Interstate 66 and Fairfax County Parkway provide nearby regional routes.
Assigned parking is positioned in front of the building entrance. Community features include an outdoor pool, tennis courts, and playgrounds. Water, sewer, trash service, and snow removal are included in the condo fee. Fairfax Corner, Fairfax Towne Center, and Fair Oaks Mall are a short drive away; Interstate 66 and Fairfax County Parkway provide nearby regional routes.
Key Highlights
- 1,227‑square‑foot, two‑bedroom, two‑bathroom residence
- First‑floor location; unit designation is 202
- Private balcony, gas fireplace, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,367
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,340
$367.3K
Cap Rate 7%
$262,386
$262.4K
Cap Rate 9%
$204,078
$204.1K
Market Conditions
NOI Build-Up for 1,227 SF
Gross rent
$35.3K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$33.4K $27.22/SF
− OpEx
−$15.0K −$12.25/SF
NOI
$18.4K $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%
$367,340
Cap Rate 7%
$262,386
Cap Rate 9%
$204,078
Alternative Uses
Best Use
Apartment 5plus
$262.4K
$229.6K – $306.1K
NOI $18,367 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$681.5K
$596.3K – $795.1K
NOI $47,706 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,004
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
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor home with a gas fireplace, in-unit laundry, and assigned parking near the building entrance.
Where is this residential income property located?
The property is located at 4359 WILSON VALLEY DRIVE Unit 202 Fairfax, VA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1,227‑square‑foot, two‑bedroom, two‑bathroom residence; First‑floor location; unit designation is 202; Private balcony, gas fireplace, and in‑unit laundry
