Residential Income Property with
For Sale
$354,000
46608 DRYSDALE TERRACE Unit 200, Sterling, VA 20165
The community’s sole elevator-equipped building provides step-free access to this two-suite residence.
Property Size1,008 SF
Price / SF$351.19
Days on Market34
Property Features for 46608 DRYSDALE TERRACE Unit 200
General Information
Standard status
Active
Size
1,008 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,824
Amenities
deck with storage
Building Details
Building Size
1,008 SF
Year Built
1996
Listing Agency:
REAL Realty
Listed By:
Catoctin Properties
(703) 340-8986
Source:
Catoctinproperties
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 26 at 11:10AM
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 1,008-square-foot residence, built in 1996, has two primary suites and an expansive deck with additional storage. The building is the only one in its community with an elevator. Kitchen updates include quartz countertops installed in 2024 and cabinets added in 2025; LVT flooring and recessed lighting were also installed in 2025. A new HVAC system dates to 2023.
Key Highlights
- 1,008 square feet with two primary suites
- Only building in the community with an elevator
- Expansive deck with additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,721
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,420
$314.4K
Cap Rate 7%
$224,586
$224.6K
Cap Rate 9%
$174,678
$174.7K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$30.6K $30.36/SF
− Vacancy
−$2.0K −$2.00/SF
EGI
$28.6K $28.36/SF
− OpEx
−$12.9K −$12.76/SF
NOI
$15.7K $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%
$314,420
Cap Rate 7%
$224,586
Cap Rate 9%
$174,678
Alternative Uses
Best Use
Apartment 5plus
$224.6K
$196.5K – $262.0K
NOI $15,721 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$315.9K
$276.4K – $368.6K
NOI $22,113 @ 7.0% cap · market cap 6.25%
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
190
Businesses Nearby
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Business Placement
Demographics for 20165, VA
33,777
Population
12,283
Households
2.7
Avg Household Size
39
Median Age
67%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
3,447
Density / Sq Mi
$185,594
Median Household Income
$83,463
Median Earnings
$2,480
Median Rent
$661,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The community’s sole elevator-equipped building provides step-free access to this two-suite residence.
Where is this residential income property located?
The property is located at 46608 DRYSDALE TERRACE Unit 200 Sterling, VA.
What is the asking price?
The asking price for this property is $354,000.
What are key features of this property?
This property features: 1,008 square feet with two primary suites; Only building in the community with an elevator; Expansive deck with additional storage
