1-Bedroom Apartment
For Sale
$279,000
6800 FLEETWOOD ROAD Unit 515, Mc Lean, VA 22101
Residents have access to an outdoor pool, exercise room, and concierge service.
Property Size811 SF
Price / SF$344.02
Days on Market46
Property Features for 6800 FLEETWOOD ROAD Unit 515
General Information
Standard status
Active
Size
811 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,337
Amenities
outdoor pool
exercise room
concierge services
in-unit laundry hookups
Building Details
Building Size
811 SF
Year Built
1975
Listing Agency:
Corcoran McEnearney
Listed By:
Martha D Floyd · License #0225161933
(703) 408-9478
Source:
Irvinrealtyllc
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 1 at 9:48AM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
This 811-square-foot apartment at McLean House North has one bedroom and 1.5 bathrooms. Its open layout connects the dining area with a galley kitchen, and the primary bathroom includes a walk-in shower. Washer and dryer hookups are provided within the unit.
Building amenities include an outdoor pool, an exercise room, and concierge service. The property was built in 1975 and is located in McLean, Virginia.
Building amenities include an outdoor pool, an exercise room, and concierge service. The property was built in 1975 and is located in McLean, Virginia.
Key Highlights
- 811‑square‑foot unit with 1 bedroom and 1.5 bathrooms
- Open layout with dining area and galley kitchen
- Primary bathroom includes a walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,140
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,800
$242.8K
Cap Rate 7%
$173,429
$173.4K
Cap Rate 9%
$134,889
$134.9K
Market Conditions
NOI Build-Up for 811 SF
Gross rent
$23.4K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$22.1K $27.22/SF
− OpEx
−$9.9K −$12.25/SF
NOI
$12.1K $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%
$242,800
Cap Rate 7%
$173,429
Cap Rate 9%
$134,889
Alternative Uses
Best Use
Apartment 5plus
$173.4K
$151.8K – $202.3K
NOI $12,140 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.40M
$2.97M – $3.97M
NOI $237,966 @ 7.0% cap · market cap 85.29%
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 - Residents have access to an outdoor pool, exercise room, and concierge service.
Where is this residential income property located?
The property is located at 6800 FLEETWOOD ROAD Unit 515 Mc Lean, VA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 811‑square‑foot unit with 1 bedroom and 1.5 bathrooms; Open layout with dining area and galley kitchen; Primary bathroom includes a walk‑in shower
