Renovated Two-Bedroom
For Sale
$289,000
Pending
5905 NOBLESTOWN ROAD Unit F, Springfield, VA 22152
Updated condominium residence with in-unit laundry and access to extensive community amenities.
Property Size978 SF
Days on Market54
Property Features for 5905 NOBLESTOWN ROAD Unit F
General Information
Standard status
Pending
Size
978 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,844
Building Details
Building Size
978 SF
Year Built
1968
Listing Agency:
Wasinger & Co Properties, LLC.
Listed By:
Meghan M Wasinger · License #0225245711
(703) 424-0104
Source:
Dcmetrorealtyteam
Added: Aug 31
Changed: Oct 21
Last Checked: Oct 21 at 5:59AM
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 Wasinger & Co Properties, LLC.
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Investment Insights
Based on property information with market context.
This renovated condominium residence offers two bedrooms and one bathroom in Cardinal Forest. Improvements include a new kitchen with appliances, an updated bathroom, and an in-unit washer and dryer. The home is positioned across from the community pool, providing immediate access to one of the property’s shared amenities.
Cardinal Forest includes an outdoor pool, tennis and basketball facilities, playgrounds, walking paths, and a clubhouse. The condominium fee covers gas, water, sewer, trash, snow removal, landscaping, pest control, exterior maintenance, the roof, and master insurance.
The property is near Old Keene Mill and Rolling Road, Cardinal Forest Plaza, Springfield Town Center, Lake Accotink Park, I-395, I-495, I-95, and the Fairfax County Parkway. Franconia-Springfield Metro, VRE, and express bus service to the Pentagon are also nearby. The stated year built is 1968.
Cardinal Forest includes an outdoor pool, tennis and basketball facilities, playgrounds, walking paths, and a clubhouse. The condominium fee covers gas, water, sewer, trash, snow removal, landscaping, pest control, exterior maintenance, the roof, and master insurance.
The property is near Old Keene Mill and Rolling Road, Cardinal Forest Plaza, Springfield Town Center, Lake Accotink Park, I-395, I-495, I-95, and the Fairfax County Parkway. Franconia-Springfield Metro, VRE, and express bus service to the Pentagon are also nearby. The stated year built is 1968.
Key Highlights
- Two‑bedroom, one‑bath condominium residence
- Renovated kitchen with new appliances and updated bathroom
- Washer and dryer located within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,639
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,780
$292.8K
Cap Rate 7%
$209,129
$209.1K
Cap Rate 9%
$162,656
$162.7K
Market Conditions
NOI Build-Up for 978 SF
Gross rent
$28.2K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$26.6K $27.22/SF
− OpEx
−$12.0K −$12.25/SF
NOI
$14.6K $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%
$292,780
Cap Rate 7%
$209,129
Cap Rate 9%
$162,656
Alternative Uses
Best Use
Apartment 5plus
$209.1K
$183.0K – $244.0K
NOI $14,639 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.10M
$3.59M – $4.78M
NOI $286,967 @ 7.0% cap · market cap 99.30%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
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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 - Updated condominium residence with in-unit laundry and access to extensive community amenities.
Where is this residential income property located?
The property is located at 5905 NOBLESTOWN ROAD Unit F Springfield, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium residence; Renovated kitchen with new appliances and updated bathroom; Washer and dryer located within the unit
