Top-Floor Residential Income
For Sale
$265,000
8000 CHANUTE PLACE Unit 15, Falls Church, VA 22042
The condominium has three bedrooms, a private balcony, and community access to a pool, playground, and basketball court.
Property Size1,040 SF
Price / SF$254.81
Days on Market14
Property Features for 8000 CHANUTE PLACE Unit 15
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,749
Amenities
outdoor swimming pool
playground
basketball court
Building Details
Building Size
1,040 SF
Year Built
1966
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 15
Changed: Oct 27
Last Checked: Oct 26 at 2:56PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,040-square-foot, top-floor condominium in Yorktowne Square has three bedrooms and one bathroom. Recent interior work includes new carpeting, a remodeled kitchen with granite countertops and stainless steel appliances, and an updated bathroom. A private balcony extends the living space, while the primary bedroom has two closets. The electrical panel was replaced in 2026, and the condominium association replaced the boilers and chillers that year.
Community amenities include an outdoor pool, playground, and basketball court. Up to three parking passes are available. Gas, electricity, water, and trash service are included in the condominium fee.
The property is minutes from Mosaic District and near the Dunn Loring-Merrifield Metro Station. Access to I-495, I-66, Route 50, and Route 29 connects the area with destinations including Tysons, Arlington, Falls Church, and Washington, D.C. Inova Fairfax Medical Campus is also nearby.
Community amenities include an outdoor pool, playground, and basketball court. Up to three parking passes are available. Gas, electricity, water, and trash service are included in the condominium fee.
The property is minutes from Mosaic District and near the Dunn Loring-Merrifield Metro Station. Access to I-495, I-66, Route 50, and Route 29 connects the area with destinations including Tysons, Arlington, Falls Church, and Washington, D.C. Inova Fairfax Medical Campus is also nearby.
Key Highlights
- 1,040 square feet with three bedrooms and one bathroom
- Top‑floor unit with a private balcony
- Updated kitchen with granite countertops, white shaker cabinets, stainless steel appliances, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,568
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,360
$311.4K
Cap Rate 7%
$222,400
$222.4K
Cap Rate 9%
$172,978
$173.0K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$30.0K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$28.3K $27.22/SF
− OpEx
−$12.7K −$12.25/SF
NOI
$15.6K $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%
$311,360
Cap Rate 7%
$222,400
Cap Rate 9%
$172,978
Alternative Uses
Best Use
Apartment 5plus
$222.4K
$194.6K – $259.5K
NOI $15,568 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.36M
$3.81M – $5.09M
NOI $305,159 @ 7.0% cap · market cap 115.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,763
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium has three bedrooms, a private balcony, and community access to a pool, playground, and basketball court.
Where is this residential income property located?
The property is located at 8000 CHANUTE PLACE Unit 15 Falls Church, VA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,040 square feet with three bedrooms and one bathroom; Top‑floor unit with a private balcony; Updated kitchen with granite countertops, white shaker cabinets, stainless steel appliances, and pantry
