Two-Bedroom Residential Income
For Sale
$400,000
815 BRANCH DRIVE Unit 304, Herndon, VA 20170
An elevator-served unit includes underground parking, a deck, and a primary suite with a custom shower and soaking tub.
Property Size1,255 SF
Price / SF$318.73
Days on Market21
Property Features for 815 BRANCH DRIVE Unit 304
General Information
Standard status
Active
Size
1,255 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,478
Building Details
Building Size
1,255 SF
Year Built
2005
Listing Agency:
Samson Properties
Listed By:
Margaret B Craig · License #0225215089
(571) 251-1698
Source:
Canopy-re
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 26 at 12:16PM
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 1,255-square-foot residential income unit was built in 2005 and has two bedrooms, a formal dining room, and an open kitchen and family room. The primary bedroom includes two closets and an en suite bathroom with dual vanities, a custom shower, and a soaking tub. A sliding door opens to the deck, and the building has an elevator and underground parking. Recent interior work includes new carpeting and fresh paint; laminate flooring is present beneath the carpet in the family room, hallways, and second bedroom or office.
The unit is at 815 Branch Drive in Herndon, with restaurants, shopping, the W&OD trail, concerts, and a farmers market nearby. The HVAC was replaced in September 2026, the water heater dates to 2023, and the washer and dryer were replaced in 2024.
The unit is at 815 Branch Drive in Herndon, with restaurants, shopping, the W&OD trail, concerts, and a farmers market nearby. The HVAC was replaced in September 2026, the water heater dates to 2023, and the washer and dryer were replaced in 2024.
Key Highlights
- 1,255‑square‑foot unit with two bedrooms and a formal dining room
- Elevator building with underground parking
- Primary suite features two closets, dual vanities, a custom shower, and a soaking tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,786
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,720
$375.7K
Cap Rate 7%
$268,371
$268.4K
Cap Rate 9%
$208,733
$208.7K
Market Conditions
NOI Build-Up for 1,255 SF
Gross rent
$36.1K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$34.2K $27.22/SF
− OpEx
−$15.4K −$12.25/SF
NOI
$18.8K $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%
$375,720
Cap Rate 7%
$268,371
Cap Rate 9%
$208,733
Alternative Uses
Best Use
Apartment 5plus
$268.4K
$234.8K – $313.1K
NOI $18,786 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.26M
$4.60M – $6.14M
NOI $368,245 @ 7.0% cap · market cap 92.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
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Business Placement
Demographics for 20170, VA
42,756
Population
14,084
Households
3
Avg Household Size
36
Median Age
57%
College-Educated
87%
High-School Grad
8.8 sq mi
ZIP Area
4,859
Density / Sq Mi
$157,875
Median Household Income
$59,119
Median Earnings
$2,224
Median Rent
$625,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An elevator-served unit includes underground parking, a deck, and a primary suite with a custom shower and soaking tub.
Where is this residential income property located?
The property is located at 815 BRANCH DRIVE Unit 304 Herndon, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,255‑square‑foot unit with two bedrooms and a formal dining room; Elevator building with underground parking; Primary suite features two closets, dual vanities, a custom shower, and a soaking tub
