Two-Bedroom
For Sale
$389,000
7721 TREMAYNE PLACE Unit 301, Mc Lean, VA 22102
Residents have access to a pool, fitness center, party room, library, and EV charging stations.
Property Size1,112 SF
Price / SF$349.82
Days on Market17
Property Features for 7721 TREMAYNE PLACE Unit 301
General Information
Standard status
Active
Size
1,112 SF
Property subtype
Penthouse Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,958
Amenities
gated community
stacked washer and dryer
hallway storage
outdoor swimming pool
fitness center
party room
library
EV charging stations
Building Details
Building Size
1,112 SF
Year Built
1974
Listing Agency:
LuxManor Real Estate, Inc
Listed By:
James L Roy · License #0225058096
(301) 254-7253
Source:
Irvinrealtyllc
Added: Oct 17
Changed: Oct 27
Last Checked: Nov 1 at 10:17AM
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 LuxManor Real Estate, Inc
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Investment Insights
Based on property information with market context.
This 1,112-square-foot, top-floor condominium has two bedrooms and two bathrooms, with an open living and dining area. Hardwood floors and large windows overlook mature trees. The kitchen includes a new refrigerator, dishwasher, and range; recent interior work also includes fresh paint, updated lighting, and low-maintenance bedroom flooring. The primary suite has two closets and a private bathroom, while a stacked washer and dryer and hallway storage add practical convenience.
The gated community in McLean offers an outdoor pool, fitness center, party room, library, and EV charging stations. Built in 1974, the residence is a corner unit.
The gated community in McLean offers an outdoor pool, fitness center, party room, library, and EV charging stations. Built in 1974, the residence is a corner unit.
Key Highlights
- Two bedrooms and two bathrooms in 1,112 square feet
- Top‑floor corner unit in a gated community
- Kitchen equipped with a new refrigerator, dishwasher, and range
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,645
Cap Rate
4.28%
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 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.66M
$4.08M – $5.44M
NOI $326,286 @ 7.0% cap · market cap 83.88%
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
2,149
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 - Residents have access to a pool, fitness center, party room, library, and EV charging stations.
Where is this residential income property located?
The property is located at 7721 TREMAYNE PLACE Unit 301 Mc Lean, VA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,112 square feet; Top‑floor corner unit in a gated community; Kitchen equipped with a new refrigerator, dishwasher, and range
