Upper-Level Residential Income
New
For Sale
$685,000
4906 LONGMIRE WAY Unit 22, Chantilly, VA 20151
A two-level condominium offers an open main floor, three bedrooms, and a private outdoor deck.
Property Size2,474 SF
Price / SF$276.88
Days on Market4
Property Features for 4906 LONGMIRE WAY Unit 22
General Information
Standard status
Active
Size
2,474 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$7,840
Building Details
Building Size
2,474 SF
Year Built
2024
Listing Agency:
Century 21 Redwood Realty
Listed By:
Kelly K. Ettrich · License #0225222466
(703) 389-9693
Source:
Kerishull
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:13AM
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 Century 21 Redwood Realty
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Investment Insights
Based on property information with market context.
Built in 2024, this upper-level condominium has an open main floor connecting the kitchen, dining area, and family room. Kitchen features include quartz countertops, stainless steel appliances, a walk-in pantry, and an oversized island. Sliding glass doors open to a partially covered deck, and a half bath is also on this level. The upper floor contains a primary bedroom with two walk-in closets and an en-suite bathroom, two additional bedrooms, a full bathroom, and a laundry room. A one-car garage and driveway parking are included, with guest parking available in the community.
Shared amenities include green space, a playground, a bocce court, and dog stations. Eleanor C Lawrence Park, described as a 650-acre park with trails, streams, and children’s activities, is nearby. The property also has access to Route 28, Route 50, and Route 66, and is near Wegmans, other shopping and restaurants, and Dulles Airport.
Shared amenities include green space, a playground, a bocce court, and dog stations. Eleanor C Lawrence Park, described as a 650-acre park with trails, streams, and children’s activities, is nearby. The property also has access to Route 28, Route 50, and Route 66, and is near Wegmans, other shopping and restaurants, and Dulles Airport.
Key Highlights
- Built in 2024
- 2,474 property size
- Three bedrooms and two full bathrooms, plus a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,033
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,660
$740.7K
Cap Rate 7%
$529,043
$529.0K
Cap Rate 9%
$411,478
$411.5K
Market Conditions
NOI Build-Up for 2,474 SF
Gross rent
$71.3K $28.80/SF
− Vacancy
−$3.9K −$1.58/SF
EGI
$67.3K $27.22/SF
− OpEx
−$30.3K −$12.25/SF
NOI
$37.0K $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%
$740,660
Cap Rate 7%
$529,043
Cap Rate 9%
$411,478
Alternative Uses
Best Use
Apartment 5plus
$529.0K
$462.9K – $617.2K
NOI $37,033 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.37M
$9.07M – $12.10M
NOI $725,927 @ 7.0% cap · market cap 105.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 20151, VA
22,653
Population
6,966
Households
3.3
Avg Household Size
39
Median Age
57%
College-Educated
91%
High-School Grad
15.9 sq mi
ZIP Area
1,425
Density / Sq Mi
$143,422
Median Household Income
$64,002
Median Earnings
$2,245
Median Rent
$647,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A two-level condominium offers an open main floor, three bedrooms, and a private outdoor deck.
Where is this residential income property located?
The property is located at 4906 LONGMIRE WAY Unit 22 Chantilly, VA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Built in 2024; 2,474 property size; Three bedrooms and two full bathrooms, plus a half bath
