Updated Two-Bedroom
7451 LITTLE RIVER TURNPIKE Unit 202, Annandale, VA 22003
For Sale
$265,000
Gas and water are covered by the condominium fee, with public transportation and shopping nearby.
Property Size788 SF
Price / SF$336.29
Days on Market81
Property Features for 7451 LITTLE RIVER TURNPIKE Unit 202
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
NBI Realty LLC
Listed By:
Hoon I Kim · License VA #0225068504
(703) 625-2393
Source:
Jackrealtygroup
Added: Aug 26
Changed: Nov 11
Last Checked: Nov 13 at 9:24AM
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 NBI Realty LLC
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Investment Insights
Based on property information with market context.
This 788-square-foot condominium has two bedrooms and one bathroom. Renovations completed in 2026 include a kitchen with new cabinetry, quartz countertops, a subway tile backsplash, a deep sink, a refrigerator, and a range hood; the dishwasher and stove are newer. Luxury vinyl plank flooring is installed in the kitchen, foyer, and bathroom, with new carpet in the living areas and bedrooms. Other updates include fresh paint, light fixtures, hardware, interior doors, a bathroom vanity, and a toilet.
The property is at 7451 Little River Turnpike, Unit 202, in Annandale. Public transportation, shopping, Safeway, and dining are nearby. Gas and water are included in the condominium fee. The building dates to 1959.
The property is at 7451 Little River Turnpike, Unit 202, in Annandale. Public transportation, shopping, Safeway, and dining are nearby. Gas and water are included in the condominium fee. The building dates to 1959.
Key Highlights
- Two bedrooms and one bathroom in 788 square feet
- Kitchen updates include quartz countertops, new cabinetry, subway tile backsplash, and a deep sink
- 2026 improvements include new flooring, carpeting, paint, light fixtures, interior doors, vanity, and toilet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,795
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,900
$235.9K
Cap Rate 7%
$168,500
$168.5K
Cap Rate 9%
$131,056
$131.1K
Market Conditions
NOI Build-Up for 788 SF
Gross rent
$22.7K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$21.4K $27.22/SF
− OpEx
−$9.7K −$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%
$235,900
Cap Rate 7%
$168,500
Cap Rate 9%
$131,056
Alternative Uses
Best Use
Apartment 5plus
$168.5K
$147.4K – $196.6K
NOI $11,795 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$437.7K
$383.0K – $510.6K
NOI $30,637 @ 7.0% cap · market cap 11.56%
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
1,597
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 - Gas and water are covered by the condominium fee, with public transportation and shopping nearby.
Where is this residential income property located?
The property is located at 7451 LITTLE RIVER TURNPIKE Unit 202 Annandale, VA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two bedrooms and one bathroom in 788 square feet; Kitchen updates include quartz countertops, new cabinetry, subway tile backsplash, and a deep sink; 2026 improvements include new flooring, carpeting, paint, light fixtures, interior doors, vanity, and toilet
