Two-Bedroom Condominium with
For Sale
$299,000
5800 TORINGTON DRIVE Unit 833, Springfield, VA 22152
Updated interiors include quartz kitchen counters, fresh paint, new carpet, and a recently added washer and dryer.
Property Size961 SF
Price / SF$311.13
Days on Market61
Property Features for 5800 TORINGTON DRIVE Unit 833
General Information
Standard status
Active
Size
961 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,627
Amenities
outdoor pool
tennis courts
playground
basket ball court
meeting room
walking trails
Building Details
Building Size
961 SF
Year Built
1968
Listing Agency:
eXp Realty LLC
Listed By:
Andris Linauts · License #0225273435
(703) 293-5132
Source:
Jackrealtygroup
Added: Sep 3
Changed: Oct 30
Last Checked: Oct 30 at 12:29PM
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 LLC
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Investment Insights
Based on property information with market context.
This 2-bedroom, 1-bath condominium in Springfield was built in 1968 and measures 961. Interior updates include fresh paint, new carpet, quartz kitchen counters, and a slim-profile microwave. The living room opens onto a balcony, and both bedrooms have closets. A washer and dryer are also included.
Residents have access to an outdoor pool, tennis courts, a playground, a basketball court, a meeting room, and walking trails. The condominium fee covers water, gas, sewer, trash, snow removal, exterior maintenance, and community amenities.
Residents have access to an outdoor pool, tennis courts, a playground, a basketball court, a meeting room, and walking trails. The condominium fee covers water, gas, sewer, trash, snow removal, exterior maintenance, and community amenities.
Key Highlights
- 2‑bedroom, 1‑bath condominium
- 961 property size
- Built in 1968
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,385
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,700
$287.7K
Cap Rate 7%
$205,500
$205.5K
Cap Rate 9%
$159,833
$159.8K
Market Conditions
NOI Build-Up for 961 SF
Gross rent
$27.7K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$26.2K $27.22/SF
− OpEx
−$11.8K −$12.25/SF
NOI
$14.4K $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%
$287,700
Cap Rate 7%
$205,500
Cap Rate 9%
$159,833
Alternative Uses
Best Use
Apartment 5plus
$205.5K
$179.8K – $239.8K
NOI $14,385 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.03M
$3.52M – $4.70M
NOI $281,979 @ 7.0% cap · market cap 94.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
147
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
Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors include quartz kitchen counters, fresh paint, new carpet, and a recently added washer and dryer.
Where is this residential income property located?
The property is located at 5800 TORINGTON DRIVE Unit 833 Springfield, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath condominium; 961 property size; Built in 1968
