One-Bedroom Residential Income
For Sale
$249,900
6800 FLEETWOOD ROAD Unit 208, Mc Lean, VA 22101
Community recreation facilities include a pool, tennis courts, fitness center and concierge service.
Property Size593 SF
Price / SF$421.42
Days on Market109
Property Features for 6800 FLEETWOOD ROAD Unit 208
General Information
Standard status
Active
Size
593 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,789
Amenities
swimming pool
tennis courts
fitness center
basketball court
meeting rooms
party rooms
green spaces
concierge service
parking
Building Details
Building Size
593 SF
Year Built
1975
Listing Agency:
Libra Realty, LLC
Listed By:
Weichang Wang · License #225189350
(571) 214-9480
Source:
Districtpropertygroup
Added: Jul 17
Changed: Oct 27
Last Checked: Oct 31 at 7:42PM
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 Libra Realty, LLC
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Investment Insights
Based on property information with market context.
This 593-square-foot, one-bedroom, one-bath condominium occupies the sixth floor of McLean House, a 1975-built residential property. The kitchen and flooring were updated several years ago, and the unit has a south-facing orientation. Shared amenities include a swimming pool, tennis and basketball courts, a fitness center, meeting and party rooms, green space, parking and concierge service. The association fee covers electricity, water and trash removal.
The property is in downtown McLean, near McLean Metro, Route 123, I-495, I-66 and the Dulles Toll Road. Grocery stores, restaurants, coffee shops and shopping are also nearby, with Tysons and Washington, D.C., among the regional destinations noted.
The property is in downtown McLean, near McLean Metro, Route 123, I-495, I-66 and the Dulles Toll Road. Grocery stores, restaurants, coffee shops and shopping are also nearby, with Tysons and Washington, D.C., among the regional destinations noted.
Key Highlights
- 593‑square‑foot, one‑bedroom, one‑bath condominium on the sixth floor
- Kitchen and flooring updated several years ago; south‑facing orientation
- Community pool, tennis and basketball courts, and fitness center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,876
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,520
$177.5K
Cap Rate 7%
$126,800
$126.8K
Cap Rate 9%
$98,622
$98.6K
Market Conditions
NOI Build-Up for 593 SF
Gross rent
$17.1K $28.80/SF
− Vacancy
−$939 −$1.58/SF
EGI
$16.1K $27.22/SF
− OpEx
−$7.3K −$12.25/SF
NOI
$8.9K $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%
$177,520
Cap Rate 7%
$126,800
Cap Rate 9%
$98,622
Alternative Uses
Best Use
Apartment 5plus
$126.8K
$111.0K – $147.9K
NOI $8,876 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,000 @ 7.0% cap · market cap 69.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,172
Businesses Nearby
Explore this area
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 - Community recreation facilities include a pool, tennis courts, fitness center and concierge service.
Where is this residential income property located?
The property is located at 6800 FLEETWOOD ROAD Unit 208 Mc Lean, VA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 593‑square‑foot, one‑bedroom, one‑bath condominium on the sixth floor; Kitchen and flooring updated several years ago; south‑facing orientation; Community pool, tennis and basketball courts, and fitness center
