Renovated Three-Bedroom Residential
For Sale
$355,000
521 FLORIDA AVENUE Unit 204, Herndon, VA 20170
The updated second-floor residence includes in-unit laundry, a separate dining room, and access to community recreation amenities.
Property Size1,599 SF
Price / SF$222.01
Days on Market42
Property Features for 521 FLORIDA AVENUE Unit 204
General Information
Standard status
Active
Size
1,599 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,422
Building Details
Building Size
1,599 SF
Year Built
1974
Listing Agency:
Samson Properties
Listed By:
Rahel Amde · License #0225094817
(571) 594-4577
Source:
Canopy-re
Added: Sep 18
Changed: Oct 27
Last Checked: Oct 27 at 4:05AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor residence offers 1,599 square feet, with three bedrooms, two full bathrooms, a separate dining room, and a spacious living area. The kitchen and both bathrooms have been renovated; kitchen updates include granite countertops, white cabinetry, stainless steel appliances, tile flooring, and recessed lighting. A full-sized washer and dryer are located in the unit. The primary bedroom has two closets and a private bathroom. The HVAC system and water heater are each 5 years old.
Community amenities include a clubhouse, outdoor pool, and playground. A reserved parking space is positioned in front of the building, and unmarked spaces may accommodate more than one car. Downtown Herndon, the W&OD Trail, parks, restaurants, shops, and the Herndon Metro are described as minutes away.
Community amenities include a clubhouse, outdoor pool, and playground. A reserved parking space is positioned in front of the building, and unmarked spaces may accommodate more than one car. Downtown Herndon, the W&OD Trail, parks, restaurants, shops, and the Herndon Metro are described as minutes away.
Key Highlights
- 1,599‑square‑foot second‑floor unit with 3 bedrooms and 2 full bathrooms
- Renovated kitchen with granite countertops, white cabinetry, stainless steel appliances, and tile flooring
- Renovations include both bathrooms, with updated tile, vanities, mirrors, and toilets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,935
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,700
$478.7K
Cap Rate 7%
$341,929
$341.9K
Cap Rate 9%
$265,944
$265.9K
Market Conditions
NOI Build-Up for 1,599 SF
Gross rent
$46.1K $28.80/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$43.5K $27.22/SF
− OpEx
−$19.6K −$12.25/SF
NOI
$23.9K $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%
$478,700
Cap Rate 7%
$341,929
Cap Rate 9%
$265,944
Alternative Uses
Best Use
Apartment 5plus
$341.9K
$299.2K – $398.9K
NOI $23,935 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.70M
$5.86M – $7.82M
NOI $469,183 @ 7.0% cap · market cap 132.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
Explore this area
Business Placement
Demographics for 20170, VA
42,756
Population
14,084
Households
3
Avg Household Size
36
Median Age
57%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
4,859
Density / Sq Mi
$157,875
Median Household Income
$59,119
Median Earnings
$2,224
Median Rent
$625,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The updated second-floor residence includes in-unit laundry, a separate dining room, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 521 FLORIDA AVENUE Unit 204 Herndon, VA.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 1,599‑square‑foot second‑floor unit with 3 bedrooms and 2 full bathrooms; Renovated kitchen with granite countertops, white cabinetry, stainless steel appliances, and tile flooring; Renovations include both bathrooms, with updated tile, vanities, mirrors, and toilets
