Three-Bedroom Residential Income
6800 FLEETWOOD ROAD Unit 520, Mc Lean, VA 22101
For Sale
$630,000
High-rise apartment with balcony, in-unit laundry, secure garage parking, and access to community recreation amenities.
Property Size1,507 SF
Price / SF$418.05
Days on Market59
Property Features for 6800 FLEETWOOD ROAD Unit 520
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
outdoor pool
tennis courts
exercise room
private balcony
in-unit laundry
secure parking garage
beauty salon
recreation facility
Building Details
Building Size
Year Built
Construction
Listing Agency:
Real Broker, LLC
Listed By:
Annie L Cefaratti
(202) 841-7601
Source:
Kerishull
Added: Sep 17
Changed: Nov 13
Last Checked: Nov 12 at 4:49PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
Unit 520 is a 1,507-square-foot apartment within a high-rise residential building constructed in 1975. The residence includes three bedrooms, two bathrooms, an open living layout, a private balcony, and in-unit laundry. Two dedicated parking spaces are provided in the secure parking garage.
Community amenities include an outdoor pool, tennis courts, an exercise room, a beauty salon, and a recreation facility. The association fee covers electricity, water, and trash removal. The property is located at 6800 Fleetwood Road in McLean, Virginia.
Community amenities include an outdoor pool, tennis courts, an exercise room, a beauty salon, and a recreation facility. The association fee covers electricity, water, and trash removal. The property is located at 6800 Fleetwood Road in McLean, Virginia.
Key Highlights
- 1,507‑square‑foot apartment with three bedrooms and two bathrooms
- Private balcony and open living layout
- In‑unit laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,558
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,160
$451.2K
Cap Rate 7%
$322,257
$322.3K
Cap Rate 9%
$250,644
$250.6K
Market Conditions
NOI Build-Up for 1,507 SF
Gross rent
$43.4K $28.80/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$41.0K $27.22/SF
− OpEx
−$18.5K −$12.25/SF
NOI
$22.6K $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%
$451,160
Cap Rate 7%
$322,257
Cap Rate 9%
$250,644
Alternative Uses
Best Use
Apartment 5plus
$322.3K
$282.0K – $376.0K
NOI $22,558 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$837.0K
$732.4K – $976.5K
NOI $58,592 @ 7.0% cap · market cap 9.30%
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
3,172
Businesses Nearby
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Business Placement
Demographics for 22101, VA
31,414
Population
11,316
Households
2.8
Avg Household Size
45
Median Age
86%
College-Educated
97%
High-School Grad
13.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$250,001
Median Household Income
$126,648
Median Earnings
$3,407
Median Rent
$1,282,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - High-rise apartment with balcony, in-unit laundry, secure garage parking, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 6800 FLEETWOOD ROAD Unit 520 Mc Lean, VA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 1,507‑square‑foot apartment with three bedrooms and two bathrooms; Private balcony and open living layout; In‑unit laundry facilities
