Top-Floor Residential Income
7703 LAFAYETTE FOREST Unit 55, Annandale, VA 22003
For Sale
$358,800
The two-bedroom, two-bath residence includes in-unit laundry and a private balcony.
Property Size990 SF
Price / SF$362.42
Days on Market106
Property Features for 7703 LAFAYETTE FOREST Unit 55
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
in-unit laundry
private storage unit
wood-burning fireplace
Building Details
Building Size
Year Built
Listing Agency:
Cottage Street Realty LLC
Listed By:
Margaret Donabedian · License VA #0225234482
(703) 785-2555
Source:
Canopy-re
Added: Aug 1
Changed: Nov 11
Last Checked: Nov 13 at 8:00AM
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 Cottage Street Realty LLC
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Investment Insights
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This 990-square-foot, top-floor residence in Annandale has two bedrooms and two full bathrooms. Vaulted ceilings extend throughout, while living-room skylights bring in natural light. The open kitchen is equipped with stainless steel appliances and connects to the main living area, which features a wood-burning fireplace. A private balcony, in-unit laundry, and a separate downstairs storage unit are also included. The property was built in 1986.
Key Highlights
- 990‑square‑foot residence with 2 bedrooms and 2 full bathrooms
- Top‑floor unit with vaulted ceilings throughout
- Living‑room skylights and a wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,819
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,380
$296.4K
Cap Rate 7%
$211,700
$211.7K
Cap Rate 9%
$164,656
$164.7K
Market Conditions
NOI Build-Up for 990 SF
Gross rent
$28.5K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$26.9K $27.22/SF
− OpEx
−$12.1K −$12.25/SF
NOI
$14.8K $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%
$296,380
Cap Rate 7%
$211,700
Cap Rate 9%
$164,656
Alternative Uses
Best Use
Apartment 5plus
$211.7K
$185.2K – $247.0K
NOI $14,819 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$549.9K
$481.1K – $641.5K
NOI $38,491 @ 7.0% cap · market cap 10.73%
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
868
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath residence includes in-unit laundry and a private balcony.
Where is this residential income property located?
The property is located at 7703 LAFAYETTE FOREST Unit 55 Annandale, VA.
What is the asking price?
The asking price for this property is $358,800.
What are key features of this property?
This property features: 990‑square‑foot residence with 2 bedrooms and 2 full bathrooms; Top‑floor unit with vaulted ceilings throughout; Living‑room skylights and a wood‑burning fireplace
