Two-Bedroom
7427 LITTLE RIVER TPKE Unit 204, Annandale, VA 22003
For Sale
$272,000
The apartment offers a residential income property configuration with two bedrooms.
Property Size785 SF
Price / SF$346.50
Days on Market60
Property Features for 7427 LITTLE RIVER TPKE Unit 204
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Spring Hill Real Estate, LLC.
Listed By:
Fred F Malek · License VA #0225199723
(703) 400-0214
Source:
Jackrealtygroup
Added: Sep 16
Changed: Nov 11
Last Checked: Nov 13 at 10:07AM
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 Spring Hill Real Estate, LLC.
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Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom apartment with 785 square feet of living area. The building dates to 1959. The unit is identified as 204 at 7427 Little River Turnpike in Annandale, Virginia.
Key Highlights
- Two‑bedroom apartment
- 785 square feet
- Built in 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,751
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,020
$235.0K
Cap Rate 7%
$167,871
$167.9K
Cap Rate 9%
$130,567
$130.6K
Market Conditions
NOI Build-Up for 785 SF
Gross rent
$22.6K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$21.4K $27.22/SF
− OpEx
−$9.6K −$12.25/SF
NOI
$11.8K $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%
$235,020
Cap Rate 7%
$167,871
Cap Rate 9%
$130,567
Alternative Uses
Best Use
Apartment 5plus
$167.9K
$146.9K – $195.9K
NOI $11,751 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$436.0K
$381.5K – $508.7K
NOI $30,521 @ 7.0% cap · market cap 11.22%
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
1,602
Businesses Nearby
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Business Placement
Demographics for 22003, VA
59,372
Population
19,497
Households
3
Avg Household Size
39
Median Age
51%
College-Educated
87%
High-School Grad
12.6 sq mi
ZIP Area
4,712
Density / Sq Mi
$134,109
Median Household Income
$54,906
Median Earnings
$1,988
Median Rent
$694,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The apartment offers a residential income property configuration with two bedrooms.
Where is this residential income property located?
The property is located at 7427 LITTLE RIVER TPKE Unit 204 Annandale, VA.
What is the asking price?
The asking price for this property is $272,000.
What are key features of this property?
This property features: Two‑bedroom apartment; 785 square feet; Built in 1959
