Residential Income
7700 LAFAYETTE FOREST DRIVE Unit 22, Annandale, VA 22003
For Sale
$329,990
The 2-bedroom, 2-bathroom residence includes a fireplace, in-unit laundry, and access to a community pool.
Property Size940 SF
Price / SF$351.05
Days on Market73
Property Features for 7700 LAFAYETTE FOREST DRIVE Unit 22
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
ceiling fan
built-in microwave
dishwasher
stacked washer/dryer
fireplace
community pool
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Fairfax Realty Select
Listed By:
Elmer R Daluz · License VA #0225070620
(571) 338-1952
Source:
Canopy-re
Added: Sep 3
Changed: Nov 11
Last Checked: Nov 13 at 8:08AM
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 Select
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 940-square-foot residence has two bedrooms and two bathrooms, with both bedrooms on the entry level. Interior features include carpet, an updated kitchen, a ceiling fan, and a fireplace. The kitchen includes a built-in microwave and dishwasher, and the unit has a stacked washer and dryer. The property was built in 1986 and is listed as renovated in 2026.
Residents have access to a community pool, while the association maintains common areas. A bus stop is less than a mile away, and parks and schools are nearby.
Residents have access to a community pool, while the association maintains common areas. A bus stop is less than a mile away, and parks and schools are nearby.
Key Highlights
- 940 square feet with 2 bedrooms and 2 bathrooms
- Both bedrooms are on the entry level
- Built‑in microwave, dishwasher, and stacked washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,071
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,420
$281.4K
Cap Rate 7%
$201,014
$201.0K
Cap Rate 9%
$156,344
$156.3K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$27.1K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.6K $27.22/SF
− OpEx
−$11.5K −$12.25/SF
NOI
$14.1K $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%
$281,420
Cap Rate 7%
$201,014
Cap Rate 9%
$156,344
Alternative Uses
Best Use
Apartment 5plus
$201.0K
$175.9K – $234.5K
NOI $14,071 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$522.1K
$456.8K – $609.1K
NOI $36,547 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 22003, VA
59,372
Population
19,497
Households
3
Avg Household Size
39
Median Age
51%
College-Educated
87%
High-School Grad
12.6 sq mi
ZIP Area
4,712
Density / Sq Mi
$134,109
Median Household Income
$54,906
Median Earnings
$1,988
Median Rent
$694,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The 2-bedroom, 2-bathroom residence includes a fireplace, in-unit laundry, and access to a community pool.
Where is this residential income property located?
The property is located at 7700 LAFAYETTE FOREST DRIVE Unit 22 Annandale, VA.
What is the asking price?
The asking price for this property is $329,990.
What are key features of this property?
This property features: 940 square feet with 2 bedrooms and 2 bathrooms; Both bedrooms are on the entry level; Built‑in microwave, dishwasher, and stacked washer and dryer
