Renovated One-Bedroom
For Sale
$200,000
8003 CHANUTE PLACE Unit 8, Falls Church, VA 22042
Updated interiors include a redesigned kitchen, new HVAC system, and a private patio.
Property Size800 SF
Price / SF$250
Days on Market133
Property Features for 8003 CHANUTE PLACE Unit 8
General Information
Standard status
Active
Size
800 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,800
Amenities
swimming pool
basketball courts
playground
snow removal
Building Details
Building Size
800 SF
Year Built
1966
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Luis Enrique Rangel · License #0225234870
(703) 488-0053
Source:
Jackrealtygroup
Added: Jun 18
Changed: Oct 27
Last Checked: Oct 26 at 3:48PM
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 TTR Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 800-square-foot, one-bedroom, one-bathroom condo was renovated with new flooring, fresh paint, and a new HVAC/AC system. The kitchen was rebuilt with new countertops and stainless steel appliances, while the full bathroom received updated finishes. A private patio extends the living area outdoors. The property was built in 1966.
Yorktowne Square offers a swimming pool, basketball courts, a playground, and snow removal. The condo fee covers electricity, gas, water, heating, air conditioning, and trash; internet is a separate expense. The home is within walking distance of Yorktown Square and the Mosaic District, with more than thirty restaurants, shops, a cinema, and entertainment venues nearby. Dunn Loring-Merrifield Metro is about a mile away, bus service is less than ten minutes away, and I-495 and Route 50 are a short drive away.
Yorktowne Square offers a swimming pool, basketball courts, a playground, and snow removal. The condo fee covers electricity, gas, water, heating, air conditioning, and trash; internet is a separate expense. The home is within walking distance of Yorktown Square and the Mosaic District, with more than thirty restaurants, shops, a cinema, and entertainment venues nearby. Dunn Loring-Merrifield Metro is about a mile away, bus service is less than ten minutes away, and I-495 and Route 50 are a short drive away.
Key Highlights
- 800‑square‑foot, one‑bedroom, one‑bathroom condo
- Renovated kitchen with new countertops and stainless steel appliances
- Private patio and new HVAC/AC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,975
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,500
$239.5K
Cap Rate 7%
$171,071
$171.1K
Cap Rate 9%
$133,056
$133.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$23.0K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$21.8K $27.22/SF
− OpEx
−$9.8K −$12.25/SF
NOI
$12.0K $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%
$239,500
Cap Rate 7%
$171,071
Cap Rate 9%
$133,056
Alternative Uses
Best Use
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,975 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,738 @ 7.0% cap · market cap 117.37%
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
2,296
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 - Updated interiors include a redesigned kitchen, new HVAC system, and a private patio.
Where is this residential income property located?
The property is located at 8003 CHANUTE PLACE Unit 8 Falls Church, VA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 800‑square‑foot, one‑bedroom, one‑bathroom condo; Renovated kitchen with new countertops and stainless steel appliances; Private patio and new HVAC/AC system
