Two-Bedroom Residential Income
For Sale
$260,000
5765 REXFORD COURT Unit E, Springfield, VA 22152
Second-level residence with a balcony, walk-in closet, and access to regional transportation and daily conveniences.
Property Size784 SF
Days on Market26
Property Features for 5765 REXFORD COURT Unit E
General Information
Standard status
Active
Size
784 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,186
Amenities
balcony
Building Details
Building Size
784 SF
Year Built
1976
Listing Agency:
RE/MAX Allegiance
Listed By:
Michael S Webb · License #0225042381
(703) 624-8284
Source:
Dcmetrorealtyteam
Added: Sep 11
Changed: Oct 5
Last Checked: Oct 5 at 10:20PM
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 RE/MAX Allegiance
Investment Insights
Based on property information with market context.
This second-level residence includes two bedrooms and one full bathroom within a well-maintained interior. Wall-to-wall carpeting, a spacious walk-in closet, and a balcony overlooking the community’s natural surroundings add useful livability features. The home was built in 1976.
Located near Old Keene Mill Road, Rolling Road, I-495, and nearby VRE service, the property provides access to Northern Virginia and Washington, D.C. Parks, trails, shopping, dining, and other everyday conveniences are also nearby.
Located near Old Keene Mill Road, Rolling Road, I-495, and nearby VRE service, the property provides access to Northern Virginia and Washington, D.C. Parks, trails, shopping, dining, and other everyday conveniences are also nearby.
Key Highlights
- Two‑bedroom, one‑full‑bath second‑level residence
- Balcony overlooking the community’s natural surroundings
- Spacious walk‑in closet and wall‑to‑wall carpeting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,736
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,720
$234.7K
Cap Rate 7%
$167,657
$167.7K
Cap Rate 9%
$130,400
$130.4K
Market Conditions
NOI Build-Up for 784 SF
Gross rent
$22.6K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$21.3K $27.22/SF
− OpEx
−$9.6K −$12.25/SF
NOI
$11.7K $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%
$234,720
Cap Rate 7%
$167,657
Cap Rate 9%
$130,400
Alternative Uses
Best Use
Apartment 5plus
$167.7K
$146.7K – $195.6K
NOI $11,736 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.29M
$2.88M – $3.83M
NOI $230,043 @ 7.0% cap · market cap 88.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 22152, VA
29,843
Population
9,779
Households
3.1
Avg Household Size
40
Median Age
64%
College-Educated
94%
High-School Grad
6.0 sq mi
ZIP Area
4,974
Density / Sq Mi
$159,557
Median Household Income
$73,552
Median Earnings
$2,495
Median Rent
$620,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-level residence with a balcony, walk-in closet, and access to regional transportation and daily conveniences.
Where is this residential income property located?
The property is located at 5765 REXFORD COURT Unit E Springfield, VA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑bedroom, one‑full‑bath second‑level residence; Balcony overlooking the community’s natural surroundings; Spacious walk‑in closet and wall‑to‑wall carpeting
