Two-Bedroom
For Sale
$369,000
7700 TREMAYNE PLACE Unit 105, Mc Lean, VA 22102
Updated kitchen and bathrooms complement a two-bedroom, two-bath layout with access to a community pool and tennis courts.
Property Size1,175 SF
Price / SF$314.04
Days on Market25
Property Features for 7700 TREMAYNE PLACE Unit 105
General Information
Standard status
Active
Size
1,175 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,305
Amenities
tennis courts
community pool
Building Details
Building Size
1,175 SF
Year Built
1974
Listing Agency:
American Homes Realty, Inc.
Listed By:
Carmen C Olarte · License #0225208146
(571) 334-0471
Source:
Canopy-re
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 31 at 8:06AM
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 American Homes Realty, Inc.
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium offers 1,175 square feet of living space. Interior features include laminate flooring, an upgraded kitchen with stainless steel appliances, renovated bathrooms, and replacement closet doors. The building dates to 1974.
Residents have access to a community swimming pool and tennis courts. McLean Metro Station is within walking distance, and the property has access to the Beltway and is near Tysons Corner.
Residents have access to a community swimming pool and tennis courts. McLean Metro Station is within walking distance, and the property has access to the Beltway and is near Tysons Corner.
Key Highlights
- Two bedrooms and two bathrooms
- 1,175 square feet of living space
- Upgraded kitchen with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,588
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,760
$351.8K
Cap Rate 7%
$251,257
$251.3K
Cap Rate 9%
$195,422
$195.4K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$33.8K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$32.0K $27.22/SF
− OpEx
−$14.4K −$12.25/SF
NOI
$17.6K $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%
$351,760
Cap Rate 7%
$251,257
Cap Rate 9%
$195,422
Alternative Uses
Best Use
Apartment 5plus
$251.3K
$219.9K – $293.1K
NOI $17,588 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.93M
$4.31M – $5.75M
NOI $344,771 @ 7.0% cap · market cap 93.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,149
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 kitchen and bathrooms complement a two-bedroom, two-bath layout with access to a community pool and tennis courts.
Where is this residential income property located?
The property is located at 7700 TREMAYNE PLACE Unit 105 Mc Lean, VA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; 1,175 square feet of living space; Upgraded kitchen with stainless steel appliances
