Ground-Level Residential Income
7753 PATRIOT DRIVE Unit 5, Annandale, VA 22003
For Sale
$323,000
Three bedrooms, assigned parking, and a private fenced outdoor area complement this main-level condo.
Property Size1,138 SF
Price / SF$283.83
Days on Market107
Property Features for 7753 PATRIOT DRIVE Unit 5
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
pool
playground
walking paths
laundry facility
Building Details
Building Size
Year Built
Listing Agency:
Samson Properties
Listed By:
Nermin Mounir Fadl Armany · License VA #0225251073
(703) 789-3184
Source:
Jackrealtygroup
Added: Jul 31
Changed: Nov 12
Last Checked: Nov 13 at 10:37AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1,138-square-foot, ground-level condominium has three bedrooms and two full bathrooms, with step-free access. The kitchen has updated cabinetry and ample counter space, while laminated wood flooring and large windows are among the interior features. A private fenced outdoor area provides additional space connected to the unit.
Residents have access to a community laundry facility next door that operates 24 hours a day. Community amenities include a pool, playground, and walking paths. The unit also includes assigned parking and additional storage. The condo fee covers gas, water, and trash.
I-495, Route 50, and Little River Turnpike are minutes away, along with shopping and dining. The property was built in 1964.
Residents have access to a community laundry facility next door that operates 24 hours a day. Community amenities include a pool, playground, and walking paths. The unit also includes assigned parking and additional storage. The condo fee covers gas, water, and trash.
I-495, Route 50, and Little River Turnpike are minutes away, along with shopping and dining. The property was built in 1964.
Key Highlights
- Three bedrooms and two full bathrooms in 1,138 square feet
- Ground‑level unit with step‑free access and a private fenced outdoor area
- Updated kitchen cabinetry and laminated wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,034
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,680
$340.7K
Cap Rate 7%
$243,343
$243.3K
Cap Rate 9%
$189,267
$189.3K
Market Conditions
NOI Build-Up for 1,138 SF
Gross rent
$32.8K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$31.0K $27.22/SF
− OpEx
−$13.9K −$12.25/SF
NOI
$17.0K $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%
$340,680
Cap Rate 7%
$243,343
Cap Rate 9%
$189,267
Alternative Uses
Best Use
Apartment 5plus
$243.3K
$212.9K – $283.9K
NOI $17,034 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$632.1K
$553.1K – $737.4K
NOI $44,245 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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 - Three bedrooms, assigned parking, and a private fenced outdoor area complement this main-level condo.
Where is this residential income property located?
The property is located at 7753 PATRIOT DRIVE Unit 5 Annandale, VA.
What is the asking price?
The asking price for this property is $323,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms in 1,138 square feet; Ground‑level unit with step‑free access and a private fenced outdoor area; Updated kitchen cabinetry and laminated wood flooring
