Updated Residential
For Sale
$324,700
7742 NEW PROVIDENCE Unit 108, Falls Church, VA 22042
Renovated kitchen and bath, in-unit laundry, and a private patio add practical comforts to this two-bedroom home.
Property Size851 SF
Price / SF$381.55
Days on Market42
Property Features for 7742 NEW PROVIDENCE Unit 108
General Information
Standard status
Active
Size
851 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
$4,587
Amenities
lake
scenic walking trails
picnic areas
playgrounds
dog park
tennis
in-unit washer/dryer
private outdoor storage
Building Details
Building Size
851 SF
Year Built
1984
Listing Agency:
EXP Realty, LLC
Listed By:
Cathy Poungmalai · License #0225067870
(703) 786-5776
Source:
Canopy-re
Added: Sep 17
Changed: Oct 27
Last Checked: Oct 26 at 2:45PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 851-square-foot, two-bedroom corner condo was built in 1984 and has updated flooring, lighting, kitchen, and bath. The kitchen includes granite countertops, stainless steel appliances, a backsplash, and ample cabinetry. The living room opens to a private patio with tree views; the home also has a walk-in closet, in-unit washer and dryer, and private outdoor storage. Nearby parking is available.
The Lakeford community includes a 16-acre lake, walking trails, picnic areas, playgrounds, a dog park, and tennis courts. Dunn Loring Metro is approximately 1.2 miles away, with access to I-495, I-66, Routes 29 and 50. Tysons Corner Center is approximately 4 miles from the property.
The Lakeford community includes a 16-acre lake, walking trails, picnic areas, playgrounds, a dog park, and tennis courts. Dunn Loring Metro is approximately 1.2 miles away, with access to I-495, I-66, Routes 29 and 50. Tysons Corner Center is approximately 4 miles from the property.
Key Highlights
- Two‑bedroom corner condo with 851 square feet of living space
- Renovated kitchen with granite countertops and stainless steel appliances
- Private patio with tree views; separate outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,738
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,760
$254.8K
Cap Rate 7%
$181,971
$182.0K
Cap Rate 9%
$141,533
$141.5K
Market Conditions
NOI Build-Up for 851 SF
Gross rent
$24.5K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$23.2K $27.22/SF
− OpEx
−$10.4K −$12.25/SF
NOI
$12.7K $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%
$254,760
Cap Rate 7%
$181,971
Cap Rate 9%
$141,533
Alternative Uses
Best Use
Apartment 5plus
$182.0K
$159.2K – $212.3K
NOI $12,738 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.57M
$3.12M – $4.16M
NOI $249,703 @ 7.0% cap · market cap 76.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 22042, VA
34,638
Population
12,598
Households
2.7
Avg Household Size
37
Median Age
55%
College-Educated
86%
High-School Grad
6.4 sq mi
ZIP Area
5,412
Density / Sq Mi
$135,578
Median Household Income
$60,264
Median Earnings
$2,178
Median Rent
$666,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated kitchen and bath, in-unit laundry, and a private patio add practical comforts to this two-bedroom home.
Where is this residential income property located?
The property is located at 7742 NEW PROVIDENCE Unit 108 Falls Church, VA.
What is the asking price?
The asking price for this property is $324,700.
What are key features of this property?
This property features: Two‑bedroom corner condo with 851 square feet of living space; Renovated kitchen with granite countertops and stainless steel appliances; Private patio with tree views; separate outdoor storage
