Three-Bedroom Residential Income
For Sale
$560,000
7680 TREMAYNE PLACE Unit 204, Mc Lean, VA 22102
Updated residential unit with elevator service, two parking spaces, and access to shared recreation amenities.
Property Size1,678 SF
Price / SF$333.73
Days on Market82
Property Features for 7680 TREMAYNE PLACE Unit 204
General Information
Standard status
Active
Size
1,678 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,906
Building Details
Building Size
1,678 SF
Year Built
1974
Listing Agency:
Coldwell Banker Realty
Listed By:
Patricia F Estryn · License #0225071372
(703) 980-5975
Source:
Kerishull
Added: Jul 17
Changed: Oct 3
Last Checked: Oct 5 at 10:18PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,678-square-foot residential unit in McLean offers three bedrooms, two baths, and a half bath. Interior improvements include upgraded carpet, hardwood flooring, and stainless steel appliances, with abundant natural light and wooded views. The residence is located on the second unit level of a building constructed in 1974 and includes elevator access from the parking area.
Residents have access to an Olympic-size swimming pool, tennis courts, a party room, tot lots, and trails through a wooded setting. The property is at 7680 Tremayne Place, Unit 204, in McLean, Virginia, with restaurants, shopping malls, Washington, DC, and three major airports described as nearby.
Residents have access to an Olympic-size swimming pool, tennis courts, a party room, tot lots, and trails through a wooded setting. The property is at 7680 Tremayne Place, Unit 204, in McLean, Virginia, with restaurants, shopping malls, Washington, DC, and three major airports described as nearby.
Key Highlights
- 3 bedrooms, 2 baths, and a half bath
- 1,678 SF residential unit built in 1974
- Upgraded carpet, hardwood flooring, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,118
Cap Rate
4.49%
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 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.03M
$6.15M – $8.21M
NOI $492,363 @ 7.0% cap · market cap 87.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,089
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 - Updated residential unit with elevator service, two parking spaces, and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 7680 TREMAYNE PLACE Unit 204 Mc Lean, VA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 3 bedrooms, 2 baths, and a half bath; 1,678 SF residential unit built in 1974; Upgraded carpet, hardwood flooring, and stainless steel appliances
