2-Bedroom Residential
5918 COVE LANDING ROAD Unit 202, Burke, VA 22015
For Sale
$355,000
The home includes two full bathrooms, a private balcony, and two assigned parking spaces.
Property Size886 SF
Price / SF$400.68
Days on Market115
Property Features for 5918 COVE LANDING ROAD Unit 202
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
storage area
Building Details
Building Size
Year Built
Listing Agency:
Residential Preferred Properties, LLC
Listed By:
Patricia A Richter · License #0225062814
(703) 239-1234
Source:
Canopy-re
Added: Jul 17
Changed: Nov 2
Last Checked: Nov 8 at 7:22AM
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 Residential Preferred Properties, LLC
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Investment Insights
Based on property information with market context.
This 886-square-foot residential unit has two bedrooms and two full bathrooms. Interior features include an updated kitchen and baths, new carpeting, fresh paint, and a private balcony off the living area. A separate storage area is located on the lower level, and two assigned parking spaces are provided near the entrance. The building dates to 1983.
The property is in Burke Center, with an outdoor pool within walking distance. Nearby retail includes Target, Giant, and Safeway, while local access includes a VRE station, a bus stop, and Burke Lake Park.
The property is in Burke Center, with an outdoor pool within walking distance. Nearby retail includes Target, Giant, and Safeway, while local access includes a VRE station, a bus stop, and Burke Lake Park.
Key Highlights
- 886‑square‑foot unit with two bedrooms and two full bathrooms
- Two assigned parking spaces near the entrance
- Updated kitchen and baths, new carpeting, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,262
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,240
$265.2K
Cap Rate 7%
$189,457
$189.5K
Cap Rate 9%
$147,356
$147.4K
Market Conditions
NOI Build-Up for 886 SF
Gross rent
$25.5K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$24.1K $27.22/SF
− OpEx
−$10.9K −$12.25/SF
NOI
$13.3K $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%
$265,240
Cap Rate 7%
$189,457
Cap Rate 9%
$147,356
Alternative Uses
Best Use
Apartment 5plus
$189.5K
$165.8K – $221.0K
NOI $13,262 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.71M
$3.25M – $4.33M
NOI $259,972 @ 7.0% cap · market cap 73.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
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Business Placement
Demographics for 22015, VA
43,941
Population
15,132
Households
2.9
Avg Household Size
41
Median Age
66%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
5,170
Density / Sq Mi
$166,016
Median Household Income
$70,767
Median Earnings
$2,441
Median Rent
$666,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The home includes two full bathrooms, a private balcony, and two assigned parking spaces.
Where is this residential income property located?
The property is located at 5918 COVE LANDING ROAD Unit 202 Burke, 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: 886‑square‑foot unit with two bedrooms and two full bathrooms; Two assigned parking spaces near the entrance; Updated kitchen and baths, new carpeting, and fresh paint
