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Two-Bedroom Residential Condominium
New
For Sale
$335,000

46956 COURTYARD SQUARE #303, Sterling, VA 20164

Garden-style living area connects the living and dining spaces and includes a fireplace and washer/dryer hookups.

Property Size1,257 SF
Price / SF$266.51
Days on Market5

Property Features for 46956 COURTYARD SQUARE #303

General Information

Standard status Active
Size 1,257 SF
Property subtype Apartment

Additional Details

Multifamily Units 1

Amenities

fireplace
in-unit washer and dryer hookups
community pool
off-street parking

Building Details

Building Size 1,257 SF
Year Built 1995
Construction garden-style
Listing Agency: Samson Properties
Listed By: Enrique Matias Calle-Matute
Source: Kdrealtygroup.kw
Added: Oct 6 Changed: Oct 10 Last Checked: Oct 9 at 4:48PM

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

Investment Insights

Based on property information with market context.

This 1,257-square-foot garden-style condominium at Chatham Green Condominium has 2 bedrooms and 2.5 bathrooms. The living and dining areas share an open layout, with a fireplace in the living space. Washer and dryer hookups are located in the unit. The primary bedroom has an en-suite bathroom. The property was built in 1995.

Community amenities include a pool and landscaped grounds. Parking options include off-street spaces and a parking lot. The residence is at 46956 Courtyard Square, Sterling, Virginia.

Key Highlights

  • 1,257‑square‑foot garden‑style condominium
  • 2 bedrooms and 2.5 bathrooms
  • Fireplace in the living area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$19,604
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,080 $392.1K
Cap Rate 7%
$280,057 $280.1K
Cap Rate 9%
$217,822 $217.8K
Market Conditions
NOI Build-Up for 1,257 SF
Gross rent
$38.2K $30.36/SF
− Vacancy
−$2.5K −$2.00/SF
EGI
$35.6K $28.36/SF
− OpEx
−$16.0K −$12.76/SF
NOI
$19.6K $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%
$392,080
Cap Rate 7%
$280,057
Cap Rate 9%
$217,822

Alternative Uses

Best Use
Apartment 5plus
$280.1K
$245.1K – $326.7K (±1% cap)
NOI $19,604 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$393.9K
$344.7K – $459.6K (±1% cap)
NOI $27,575 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Electrical Service Plumbing Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

586
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential income property - Garden-style living area connects the living and dining spaces and includes a fireplace and washer/dryer hookups.
Where is this residential income property located?
The property is located at 46956 COURTYARD SQUARE #303 Sterling, VA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,257‑square‑foot garden‑style condominium; 2 bedrooms and 2.5 bathrooms; Fireplace in the living area
More about this property
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