One-Bedroom Residential Income
For Sale
$275,000
7640 PROVINCIAL DRIVE Unit 314, Mc Lean, VA 22102
The condo includes updated kitchen finishes, in-unit laundry, and access to shared recreational amenities.
Property Size855 SF
Price / SF$321.64
Days on Market10
Property Features for 7640 PROVINCIAL DRIVE Unit 314
General Information
Standard status
Active
Size
855 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,609
Amenities
in-unit washer and dryer
private secured storage bin
pool
tennis courts
grilling and picnic areas
clubhouse
fitness center
walking trails
tot lots
gated community
Building Details
Building Size
855 SF
Year Built
1974
Listing Agency:
Keller Williams Realty
Listed By:
Dimitri Sotiropoulos · License #0225208429
(703) 969-2418
Source:
Exqrealestate
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 31 at 5:07PM
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 855-square-foot condo has one bedroom and one bathroom, with LVP flooring, a kitchen finished with granite countertops, and an in-unit washer and dryer. The unit also includes an assigned parking space and a secured storage bin. The building dates to 1974.
Residents have access to a gated community with a pool, tennis courts, fitness center, clubhouse, walking trails, picnic and grilling areas, and tot lots. McLean Metro, Wegmans, Capital One Center, Tysons Corner Center, and Tysons Galleria are among the nearby destinations. Regional routes include I-66, I-495, and the Dulles Toll Road.
Residents have access to a gated community with a pool, tennis courts, fitness center, clubhouse, walking trails, picnic and grilling areas, and tot lots. McLean Metro, Wegmans, Capital One Center, Tysons Corner Center, and Tysons Galleria are among the nearby destinations. Regional routes include I-66, I-495, and the Dulles Toll Road.
Key Highlights
- 855‑square‑foot condo with one bedroom and one bathroom
- In‑unit washer and dryer; kitchen with granite countertops
- Assigned parking space and secured storage bin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,798
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,960
$256.0K
Cap Rate 7%
$182,829
$182.8K
Cap Rate 9%
$142,200
$142.2K
Market Conditions
NOI Build-Up for 855 SF
Gross rent
$24.6K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$23.3K $27.22/SF
− OpEx
−$10.5K −$12.25/SF
NOI
$12.8K $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%
$255,960
Cap Rate 7%
$182,829
Cap Rate 9%
$142,200
Alternative Uses
Best Use
Apartment 5plus
$182.8K
$160.0K – $213.3K
NOI $12,798 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.58M
$3.14M – $4.18M
NOI $250,876 @ 7.0% cap · market cap 91.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
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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 condo includes updated kitchen finishes, in-unit laundry, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 7640 PROVINCIAL DRIVE Unit 314 Mc Lean, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 855‑square‑foot condo with one bedroom and one bathroom; In‑unit washer and dryer; kitchen with granite countertops; Assigned parking space and secured storage bin
