One-Bedroom Residential Income
For Sale
$239,900
7093 SPRING GARDEN DRIVE Unit 101, Springfield, VA 22150
Condominium offering a compact, low-maintenance layout near transit, retail, dining, entertainment, and commuter routes.
Property Size732 SF
Days on Market58
Property Features for 7093 SPRING GARDEN DRIVE Unit 101
General Information
Standard status
Active
Size
732 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,399
Building Details
Building Size
732 SF
Year Built
1964
Listing Agency:
Atlas One Realty
Listed By:
Wilhelm F Maida · License #225096590
(571) 237-5852
Source:
Dcmetrorealtyteam
Added: Aug 21
Changed: Oct 8
Last Checked: Oct 16 at 2:57PM
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 Atlas One Realty
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium at 7093 Spring Garden Drive, Unit 101, was built in 1964. Its compact residential layout supports low-maintenance living and may suit an owner-occupant or investor, as described for the property.
The home is minutes from Springfield Metro and Springfield Town Center, with shopping, dining, entertainment, and major commuter routes nearby. Washington, DC is approximately 20 minutes away.
The home is minutes from Springfield Metro and Springfield Town Center, with shopping, dining, entertainment, and major commuter routes nearby. Washington, DC is approximately 20 minutes away.
Key Highlights
- One‑bedroom, one‑bathroom condominium at 7093 Spring Garden Drive, Unit 101
- Built in 1964
- Minutes from Springfield Metro
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,957
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,140
$219.1K
Cap Rate 7%
$156,529
$156.5K
Cap Rate 9%
$121,744
$121.7K
Market Conditions
NOI Build-Up for 732 SF
Gross rent
$21.1K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$19.9K $27.22/SF
− OpEx
−$9.0K −$12.25/SF
NOI
$11.0K $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%
$219,140
Cap Rate 7%
$156,529
Cap Rate 9%
$121,744
Alternative Uses
Best Use
Apartment 5plus
$156.5K
$137.0K – $182.6K
NOI $10,957 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.07M
$2.68M – $3.58M
NOI $214,785 @ 7.0% cap · market cap 89.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,538
Businesses Nearby
Explore this area
Business Placement
Demographics for 22150, VA
27,955
Population
9,695
Households
2.9
Avg Household Size
40
Median Age
45%
College-Educated
88%
High-School Grad
7.6 sq mi
ZIP Area
3,678
Density / Sq Mi
$120,406
Median Household Income
$47,412
Median Earnings
$2,631
Median Rent
$617,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium offering a compact, low-maintenance layout near transit, retail, dining, entertainment, and commuter routes.
Where is this residential income property located?
The property is located at 7093 SPRING GARDEN DRIVE Unit 101 Springfield, VA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: One‑bedroom, one‑bathroom condominium at 7093 Spring Garden Drive, Unit 101; Built in 1964; Minutes from Springfield Metro
