Renovated Two-Bedroom
For Sale
$475,000
7680 TREMAYNE PLACE Unit 311, Mc Lean, VA 22102
Updated electrical, plumbing and HVAC systems accompany a refreshed interior and assigned garage parking.
Property Size1,112 SF
Price / SF$427.16
Days on Market61
Property Features for 7680 TREMAYNE PLACE Unit 311
General Information
Standard status
Active
Size
1,112 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,047
Amenities
resort-style outdoor pool
tennis courts
clubhouse
security
lawn care
maintenance
Building Details
Building Size
1,112 SF
Year Built
1974
Listing Agency:
First American Real Estate
Listed By:
Ishrat Saba · License #225079879
(703) 395-8903
Source:
Irvinrealtyllc
Added: Sep 3
Changed: Oct 27
Last Checked: Nov 1 at 12:32PM
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 First American Real Estate
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom apartment offers 1,112 square feet, with a breakfast area and combined living and dining space. Renovations include updated electrical wiring and panel, HVAC, plumbing fixtures, water heater, kitchen, bathrooms, flooring, windows and doors. The kitchen has new appliances and cabinetry, and the unit includes a washer and dryer. The building dates to 1974.
Community amenities include an outdoor pool, tennis courts and a clubhouse. Association services cover security, lawn care and maintenance. The property also has assigned garage parking and is near commuter rail stations.
Community amenities include an outdoor pool, tennis courts and a clubhouse. Association services cover security, lawn care and maintenance. The property also has assigned garage parking and is near commuter rail stations.
Key Highlights
- Two bedrooms and two bathrooms across 1,112 square feet
- Renovations include electrical wiring, panel, HVAC, plumbing fixtures and water heater
- Updated kitchen and bathrooms, flooring, windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,645
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,900
$332.9K
Cap Rate 7%
$237,786
$237.8K
Cap Rate 9%
$184,944
$184.9K
Market Conditions
NOI Build-Up for 1,112 SF
Gross rent
$32.0K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.3K $27.22/SF
− OpEx
−$13.6K −$12.25/SF
NOI
$16.6K $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%
$332,900
Cap Rate 7%
$237,786
Cap Rate 9%
$184,944
Alternative Uses
Best Use
Apartment 5plus
$237.8K
$208.1K – $277.4K
NOI $16,645 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.66M
$4.08M – $5.44M
NOI $326,286 @ 7.0% cap · market cap 68.69%
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
1,089
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 - Updated electrical, plumbing and HVAC systems accompany a refreshed interior and assigned garage parking.
Where is this residential income property located?
The property is located at 7680 TREMAYNE PLACE Unit 311 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: Two bedrooms and two bathrooms across 1,112 square feet; Renovations include electrical wiring, panel, HVAC, plumbing fixtures and water heater; Updated kitchen and bathrooms, flooring, windows and doors
