Corner Residential Income
46270 MOUNT ALLEN TERRACE Unit 300, Sterling, VA 20164
For Sale
$529,000
A 2023-built, two-bedroom condo includes elevator access and a secure garage parking space.
Property Size1,289 SF
Price / SF$410.40
Days on Market81
Property Features for 46270 MOUNT ALLEN TERRACE Unit 300
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Units
Multifamily Units
Parking per Unit
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
outdoor swimming pool
tennis courts
pickleball courts
basketball courts
playgrounds
open green spaces
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Jin Kim · License VA #0225230513
(240) 505-1626
Source:
Catoctinproperties
Added: Aug 27
Changed: Nov 12
Last Checked: Nov 14 at 6:22PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This corner condominium in Loudoun View Condo Flats was built in 2023 and contains 1,289 square feet, with two bedrooms and two full bathrooms. Its open living and dining area connects to a kitchen with quartz counters, a seating island, 42-inch cabinets, and stainless steel appliances. Large windows and multiple exposures bring daylight into the unit, while views extend toward the Catoctin and Sugarloaf Mountains. Stairwells and common corridors separate the residence from neighboring units. Recent interior paint refreshes the ceilings, trim, doors, and molding; the HVAC system and tankless water heater are less than three years old. Building features include controlled entry, elevator access, and one secure garage parking space.
Community amenities include an outdoor pool, tennis, pickleball and basketball courts, playgrounds, and green space. Claude Moore Park is nearby, with trails, athletic fields, dog parks, and an indoor recreation center. Cascades Overlook Town Center, Costco, Harris Teeter, Target, restaurants, and shopping are also nearby, with access to Route 7 and Route 286. The condo fee covers water, sewer, trash, common-area maintenance, and snow removal.
Community amenities include an outdoor pool, tennis, pickleball and basketball courts, playgrounds, and green space. Claude Moore Park is nearby, with trails, athletic fields, dog parks, and an indoor recreation center. Cascades Overlook Town Center, Costco, Harris Teeter, Target, restaurants, and shopping are also nearby, with access to Route 7 and Route 286. The condo fee covers water, sewer, trash, common-area maintenance, and snow removal.
Key Highlights
- Built in 2023; 1,289 sf
- Two bedrooms and two full bathrooms
- Quartz kitchen counters, seating island, 42‑inch cabinetry, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,103
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,060
$402.1K
Cap Rate 7%
$287,186
$287.2K
Cap Rate 9%
$223,367
$223.4K
Market Conditions
NOI Build-Up for 1,289 SF
Gross rent
$39.1K $30.36/SF
− Vacancy
−$2.6K −$2.00/SF
EGI
$36.6K $28.36/SF
− OpEx
−$16.4K −$12.76/SF
NOI
$20.1K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,060
Cap Rate 7%
$287,186
Cap Rate 9%
$223,367
Alternative Uses
Best Use
Apartment 5plus
$287.2K
$251.3K – $335.1K
NOI $20,103 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$404.0K
$353.5K – $471.3K
NOI $28,277 @ 7.0% cap · market cap 5.35%
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
1,192
Businesses Nearby
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Business Placement
Demographics for 20164, VA
40,888
Population
13,077
Households
3.1
Avg Household Size
36
Median Age
39%
College-Educated
81%
High-School Grad
7.6 sq mi
ZIP Area
5,380
Density / Sq Mi
$132,067
Median Household Income
$47,315
Median Earnings
$2,031
Median Rent
$526,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 2023-built, two-bedroom condo includes elevator access and a secure garage parking space.
Where is this residential income property located?
The property is located at 46270 MOUNT ALLEN TERRACE Unit 300 Sterling, VA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Built in 2023; 1,289 sf; Two bedrooms and two full bathrooms; Quartz kitchen counters, seating island, 42‑inch cabinetry, and stainless steel appliances
