Updated Residential Income
For Sale
$339,950
7710 LEXTON PLACE Unit B, Springfield, VA 22152
Open-plan condo with refreshed interiors, community recreation, and convenient access to regional employment centers and transportation.
Property Size840 SF
Days on Market9
Property Features for 7710 LEXTON PLACE Unit B
General Information
Standard status
Active
Size
840 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
fireplace
private patio
outdoor pool
basketball courts
pickleball courts
Building Details
Building Size
840 SF
Year Built
1986
Listing Agency:
Long & Foster Real Estate, Inc.
(703) 822-0207
Listed By:
Cynthia Schneider · License #0225136582
(703) 822-0207
Source:
Dcmetrorealtyteam
Added: Jul 27
Changed: Jul 31
Last Checked: Aug 4 at 8:34AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This residential income property is a condo unit in Ramblewood at Daventry, built in 1986. The open floor plan has been freshly painted and includes brand-new carpet throughout. A fireplace anchors the living room, while the updated kitchen features stainless-steel appliances and granite countertops. The unit also includes a private patio for outdoor use.
Community amenities include an outdoor pool, basketball courts, and pickleball courts. The property is near Giant, Trader Joe's, Whole Foods, two town centers, Pohick Stream Valley Park and Trail, Fort Belvoir, and the Pentagon. Transportation access includes the Franconia-Springfield Metro Station, Fairfax County Parkway, Franconia-Springfield Parkway, I-95, and I-495.
Community amenities include an outdoor pool, basketball courts, and pickleball courts. The property is near Giant, Trader Joe's, Whole Foods, two town centers, Pohick Stream Valley Park and Trail, Fort Belvoir, and the Pentagon. Transportation access includes the Franconia-Springfield Metro Station, Fairfax County Parkway, Franconia-Springfield Parkway, I-95, and I-495.
Key Highlights
- Condo unit in Ramblewood at Daventry, built in 1986
- Open floor plan with fresh paint and brand‑new carpet throughout
- Living room fireplace and updated kitchen with stainless‑steel appliances and granite countertops
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.2k | $28.80 |
| − Vacancy | −$1.3k | −$1.58 |
| EGI | $22.9k | $27.22 |
| − OpEx | −$10.3k | −$12.25 |
| NOI | $12.6k | $14.97 |
840 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$179.6K
$157.2K – $209.6K
NOI $12,574 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.52M
$3.08M – $4.11M
NOI $246,475 @ 7.0% cap · market cap 72.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 22152, VA
29,843
Population
9,779
Households
3.1
Avg Household Size
40
Median Age
64%
College-Educated
94%
High-School Grad
6.0 sq mi
ZIP Area
4,974
Density / Sq Mi
$159,557
Median Household Income
$73,552
Median Earnings
$2,495
Median Rent
$620,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-plan condo with refreshed interiors, community recreation, and convenient access to regional employment centers and transportation.
Where is this residential income property located?
The property is located at 7710 LEXTON PLACE Unit B Springfield, VA.
What is the asking price?
The asking price for this property is $339,950.
What are key features of this property?
This property features: Condo unit in Ramblewood at Daventry, built in 1986; Open floor plan with fresh paint and brand‑new carpet throughout; Living room fireplace and updated kitchen with stainless‑steel appliances and granite countertops
