Residential Income Property with
For Sale
$269,000
8002 CHANUTE PLACE Unit 3, Falls Church, VA 22042
The 2-bedroom, 1-bath residence includes a lower-level patio and kitchen appliances updated in 2021.
Property Size935 SF
Price / SF$287.70
Days on Market384
Property Features for 8002 CHANUTE PLACE Unit 3
General Information
Standard status
Active
Size
935 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
$3,681
Amenities
playground
barbecue areas
outdoor swimming pool
basketball court
Building Details
Building Size
935 SF
Year Built
1966
Listing Agency:
Jack Realty Group
Listed By:
John Pruski
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 10, 2025
Changed: Oct 26
Last Checked: Oct 26 at 10:28AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 935-square-foot, 2-bedroom, 1-bath residence is on the lower level and has a private patio. The kitchen includes a stove, dishwasher, and refrigerator, all updated in 2021; laminate flooring is also installed. The building dates to 1966.
Community amenities include two playgrounds, barbecue areas, an outdoor swimming pool, and a full-sized basketball court. The condo fee covers all utilities. The property is in Falls Church, near the Mosaic District, Dunn Loring Metro Stop, I-495, I-66, Gallows Road, and Tysons Corner.
Community amenities include two playgrounds, barbecue areas, an outdoor swimming pool, and a full-sized basketball court. The condo fee covers all utilities. The property is in Falls Church, near the Mosaic District, Dunn Loring Metro Stop, I-495, I-66, Gallows Road, and Tysons Corner.
Key Highlights
- 935‑square‑foot, 2‑bedroom, 1‑bath residence
- Private patio on the lower level
- Stove, dishwasher, and refrigerator updated in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,996
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,920
$279.9K
Cap Rate 7%
$199,943
$199.9K
Cap Rate 9%
$155,511
$155.5K
Market Conditions
NOI Build-Up for 935 SF
Gross rent
$26.9K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.4K $27.22/SF
− OpEx
−$11.5K −$12.25/SF
NOI
$14.0K $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%
$279,920
Cap Rate 7%
$199,943
Cap Rate 9%
$155,511
Alternative Uses
Best Use
Apartment 5plus
$199.9K
$175.0K – $233.3K
NOI $13,996 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.92M
$3.43M – $4.57M
NOI $274,350 @ 7.0% cap · market cap 101.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - The 2-bedroom, 1-bath residence includes a lower-level patio and kitchen appliances updated in 2021.
Where is this residential income property located?
The property is located at 8002 CHANUTE PLACE Unit 3 Falls Church, VA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 935‑square‑foot, 2‑bedroom, 1‑bath residence; Private patio on the lower level; Stove, dishwasher, and refrigerator updated in 2021
