Residential Income Property with Pool
For Sale
$475,000
7640 PROVINCIAL DRIVE Unit 204, Mc Lean, VA 22102
The Colonies community includes tennis courts, walking trails, a clubhouse, and landscaped common areas.
Property Size1,678 SF
Price / SF$283.08
Days on Market33
Property Features for 7640 PROVINCIAL DRIVE Unit 204
General Information
Standard status
Active
Size
1,678 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,906
Amenities
outdoor pool
tennis courts
walking trails
clubhouse
landscaped common grounds
Building Details
Building Size
1,678 SF
Year Built
1974
Listing Agency:
Keller Williams Realty
Listed By:
Kanwar Sodhi · License #225241422
(571) 688-5543
Source:
Jackrealtygroup
Added: Oct 1
Changed: Nov 2
Last Checked: Oct 31 at 7:12PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,678-square-foot residential property is a condominium in The Colonies, built in 1974. Its community amenities include an outdoor pool, tennis courts, walking trails, a clubhouse, and landscaped common grounds. Interior features described for the home include a kitchen with substantial counter and cabinet space and a primary bedroom with a walk-in closet.
Tysons Corner Center, Tysons Galleria, Wegmans at Capital One Center, and Capital One Hall are nearby. The McLean Metro Station on the Silver Line provides rail service, while I-495, I-66, Route 123, and the Dulles Toll Road offer regional road connections.
Tysons Corner Center, Tysons Galleria, Wegmans at Capital One Center, and Capital One Hall are nearby. The McLean Metro Station on the Silver Line provides rail service, while I-495, I-66, Route 123, and the Dulles Toll Road offer regional road connections.
Key Highlights
- 1,678‑square‑foot condominium built in 1974
- Community amenities include an outdoor pool, tennis courts, walking trails, and a clubhouse
- The McLean Metro Station on the Silver Line is nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,118
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,360
$502.4K
Cap Rate 7%
$358,829
$358.8K
Cap Rate 9%
$279,089
$279.1K
Market Conditions
NOI Build-Up for 1,678 SF
Gross rent
$48.3K $28.80/SF
− Vacancy
−$2.7K −$1.58/SF
EGI
$45.7K $27.22/SF
− OpEx
−$20.6K −$12.25/SF
NOI
$25.1K $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%
$502,360
Cap Rate 7%
$358,829
Cap Rate 9%
$279,089
Alternative Uses
Best Use
Apartment 5plus
$358.8K
$314.0K – $418.6K
NOI $25,118 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.03M
$6.15M – $8.21M
NOI $492,363 @ 7.0% cap · market cap 103.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Explore this area
Business Placement
Demographics for 22102, VA
27,743
Population
14,274
Households
1.9
Avg Household Size
37
Median Age
81%
College-Educated
99%
High-School Grad
12.3 sq mi
ZIP Area
2,256
Density / Sq Mi
$153,816
Median Household Income
$93,200
Median Earnings
$2,471
Median Rent
$1,003,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The Colonies community includes tennis courts, walking trails, a clubhouse, and landscaped common areas.
Where is this residential income property located?
The property is located at 7640 PROVINCIAL DRIVE Unit 204 Mc Lean, VA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,678‑square‑foot condominium built in 1974; Community amenities include an outdoor pool, tennis courts, walking trails, and a clubhouse; The McLean Metro Station on the Silver Line is nearby
