Residential Income Property with
For Sale
$359,900
5501 SEMINARY ROAD Unit 106S, Falls Church, VA 22041
Updated kitchen, a separate dining area, and access to a community pool are among the unit’s features.
Property Size1,303 SF
Price / SF$276.21
Days on Market65
Property Features for 5501 SEMINARY ROAD Unit 106S
General Information
Standard status
Active
Size
1,303 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$39,994
Amenities
pool
Building Details
Building Size
1,303 SF
Year Built
1982
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Aug 25
Changed: Oct 26
Last Checked: Oct 26 at 1:26PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,303-square-foot residential property, built in 1982, has a balcony, separate living and dining areas, and an updated kitchen with granite counters, extensive cabinetry, and a pantry. The main bedroom includes a walk-in closet, dressing area, and tub-shower combination. The unit has been freshly painted, and residents have access to a community pool through the condominium association.
The property is on Seminary Road in Falls Church, with access to I-395 and I-95 nearby. Grocery stores, shops, restaurants, and parks are also in the surrounding area. The location provides access to Washington, the Pentagon, Arlington, and Old Town Alexandria.
The property is on Seminary Road in Falls Church, with access to I-395 and I-95 nearby. Grocery stores, shops, restaurants, and parks are also in the surrounding area. The location provides access to Washington, the Pentagon, Arlington, and Old Town Alexandria.
Key Highlights
- 1,303 square feet; built in 1982
- Updated kitchen with granite counters, extensive cabinetry, and a pantry
- Balcony, separate living and dining areas, and community pool access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,504
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,080
$390.1K
Cap Rate 7%
$278,629
$278.6K
Cap Rate 9%
$216,711
$216.7K
Market Conditions
NOI Build-Up for 1,303 SF
Gross rent
$37.5K $28.80/SF
− Vacancy
−$2.1K −$1.58/SF
EGI
$35.5K $27.22/SF
− OpEx
−$16.0K −$12.25/SF
NOI
$19.5K $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%
$390,080
Cap Rate 7%
$278,629
Cap Rate 9%
$216,711
Alternative Uses
Best Use
Apartment 5plus
$278.6K
$243.8K – $325.1K
NOI $19,504 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.46M
$4.78M – $6.37M
NOI $382,330 @ 7.0% cap · market cap 106.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
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Business Placement
Demographics for 22041, VA
28,039
Population
11,567
Households
2.4
Avg Household Size
36
Median Age
47%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
10,014
Density / Sq Mi
$91,075
Median Household Income
$46,350
Median Earnings
$1,913
Median Rent
$432,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen, a separate dining area, and access to a community pool are among the unit’s features.
Where is this residential income property located?
The property is located at 5501 SEMINARY ROAD Unit 106S Falls Church, VA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 1,303 square feet; built in 1982; Updated kitchen with granite counters, extensive cabinetry, and a pantry; Balcony, separate living and dining areas, and community pool access
