One-Bedroom
For Sale
$269,900
4401 FAIR STONE DRIVE Unit 102, Fairfax, VA 22033
The residence includes a fireplace, in-unit laundry, and a balcony facing a wooded area.
Property Size703 SF
Price / SF$383.93
Days on Market54
Property Features for 4401 FAIR STONE DRIVE Unit 102
General Information
Standard status
Active
Size
703 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Furnished
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,220
Amenities
balcony
fireplace
washer-dryer in the unit
storage room
Building Details
Building Size
703 SF
Year Built
1991
Listing Agency:
REAL Realty
Listed By:
Catoctin Properties
(703) 340-8986
Source:
Catoctinproperties
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 26 at 3:14PM
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 REAL Realty
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Investment Insights
Based on property information with market context.
This 703-square-foot, one-bedroom, one-bathroom condominium is on the main level of a building constructed in 1991. Interior features include a fireplace, an in-unit washer and dryer, and a storage room. The private balcony faces a wooded area. A refrigerator and microwave were both replaced six months before the listing was prepared.
Walmart is within walking distance, with additional shops and restaurants in the Fair Lakes area. Bus service connects to Vienna Metro.
Walmart is within walking distance, with additional shops and restaurants in the Fair Lakes area. Bus service connects to Vienna Metro.
Key Highlights
- 703‑square‑foot, one‑bedroom, one‑bathroom condominium
- Main‑level unit with a private balcony overlooking trees
- Fireplace, in‑unit washer and dryer, and separate storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,523
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,460
$210.5K
Cap Rate 7%
$150,329
$150.3K
Cap Rate 9%
$116,922
$116.9K
Market Conditions
NOI Build-Up for 703 SF
Gross rent
$20.2K $28.80/SF
− Vacancy
−$1.1K −$1.58/SF
EGI
$19.1K $27.22/SF
− OpEx
−$8.6K −$12.25/SF
NOI
$10.5K $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%
$210,460
Cap Rate 7%
$150,329
Cap Rate 9%
$116,922
Alternative Uses
Best Use
Apartment 5plus
$150.3K
$131.5K – $175.4K
NOI $10,523 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.95M
$2.58M – $3.44M
NOI $206,276 @ 7.0% cap · market cap 76.43%
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
368
Businesses Nearby
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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 - The residence includes a fireplace, in-unit laundry, and a balcony facing a wooded area.
Where is this residential income property located?
The property is located at 4401 FAIR STONE DRIVE Unit 102 Fairfax, VA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 703‑square‑foot, one‑bedroom, one‑bathroom condominium; Main‑level unit with a private balcony overlooking trees; Fireplace, in‑unit washer and dryer, and separate storage room
