Updated Residential Income
For Sale
$509,000
Pending
7676 WILLOW POINT DRIVE Unit 7676, Falls Church, VA 22042
Two-bedroom condominium with renovated kitchen, upgraded baths, sunroom, and private patio overlooking trees and parkland.
Property Size1,364 SF
Days on Market69
Property Features for 7676 WILLOW POINT DRIVE Unit 7676
General Information
Standard status
Pending
Size
1,364 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,066
Amenities
private pool
walking trails
assigned parking space
guest parking
full-size washer and dryer in unit
wood-burning fireplace
private patio
Building Details
Building Size
1,364 SF
Year Built
1985
Listing Agency:
Fairfax Realty of Tysons
Listed By:
BIN HU · License #0225236710
(202) 870-1479
Source:
Kerishull
Added: Aug 14
Changed: Oct 8
Last Checked: Oct 19 at 2:27PM
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 Fairfax Realty of Tysons
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Investment Insights
Based on property information with market context.
This 1,364-square-foot condominium, built in 1985, features two bedrooms, two bathrooms, a sunroom, and a bonus office or den. The open living and dining area includes hardwood flooring and a wood-burning fireplace, while the updated kitchen offers custom cabinetry and quartz countertops. Both bathrooms have been improved, including a primary suite with a walk-in closet and tiled shower with frameless glass doors. A private patio extends from the living room beside trees and parkland. Recent updates include a 2023 water heater and washer and dryer, along with an HVAC system installed in 2018.
Willow Point provides a private pool and walking trails. The property includes one assigned parking space and guest parking, with access to Arlington Blvd., Fairview Parkway, and I-495. Providence Rec Center, Holmes Run Trail, Dunn Loring Metro Station, Mosaic District, and Route 66 are nearby.
Willow Point provides a private pool and walking trails. The property includes one assigned parking space and guest parking, with access to Arlington Blvd., Fairview Parkway, and I-495. Providence Rec Center, Holmes Run Trail, Dunn Loring Metro Station, Mosaic District, and Route 66 are nearby.
Key Highlights
- 1,364‑square‑foot condominium with two bedrooms and two bathrooms
- Updated kitchen with custom cabinets and quartz countertops
- Primary suite includes walk‑in closet and upgraded en‑suite bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,417
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,340
$408.3K
Cap Rate 7%
$291,671
$291.7K
Cap Rate 9%
$226,856
$226.9K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$39.3K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$37.1K $27.22/SF
− OpEx
−$16.7K −$12.25/SF
NOI
$20.4K $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%
$408,340
Cap Rate 7%
$291,671
Cap Rate 9%
$226,856
Alternative Uses
Best Use
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,417 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.72M
$5.00M – $6.67M
NOI $400,228 @ 7.0% cap · market cap 78.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
Demographics for 22042, VA
34,638
Population
12,598
Households
2.7
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
6.4 sq mi
ZIP Area
5,412
Density / Sq Mi
$135,578
Median Household Income
$60,264
Median Earnings
$2,178
Median Rent
$666,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with renovated kitchen, upgraded baths, sunroom, and private patio overlooking trees and parkland.
Where is this residential income property located?
The property is located at 7676 WILLOW POINT DRIVE Unit 7676 Falls Church, VA.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: 1,364‑square‑foot condominium with two bedrooms and two bathrooms; Updated kitchen with custom cabinets and quartz countertops; Primary suite includes walk‑in closet and upgraded en‑suite bath
