Residential Income Property with
For Sale
$560,000
8220 CRESTWOOD HEIGHTS DRIVE Unit 910, Mc Lean, VA 22102
The one-bedroom residence includes a dedicated office and shared access to a pool, fitness studio and concierge.
Property Size1,215 SF
Price / SF$460.91
Days on Market67
Property Features for 8220 CRESTWOOD HEIGHTS DRIVE Unit 910
General Information
Standard status
Active
Size
1,215 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$4,619
Amenities
24-hour concierge
controlled building access
entertainment lounge
fitness studio
outdoor swimming pool
private balcony
Building Details
Building Size
1,215 SF
Year Built
2008
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Aug 28
Changed: Nov 2
Last Checked: Oct 31 at 12:24PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 2008, this 1,215-square-foot residence has one bedroom, two full bathrooms, a separate office and a private balcony. Hardwood flooring runs throughout. The kitchen features granite counters, oak cabinetry, GE Profile stainless steel appliances and an island with a breakfast bar. The primary suite offers a walk-in closet with custom shelving and a second closet. An in-unit washer and dryer and additional storage round out the interior features.
Building amenities include a 24-hour concierge, controlled entry, an event lounge, a fitness studio with yoga, cardio and weight-training equipment, and an outdoor swimming pool. Nearby destinations include Tysons Galleria, Tysons Corner Center, Whole Foods Market, The Boro and Capital One Center. The Greensboro Silver Line Metro is also nearby, with Washington, D.C., and Dulles International Airport within reach.
Building amenities include a 24-hour concierge, controlled entry, an event lounge, a fitness studio with yoga, cardio and weight-training equipment, and an outdoor swimming pool. Nearby destinations include Tysons Galleria, Tysons Corner Center, Whole Foods Market, The Boro and Capital One Center. The Greensboro Silver Line Metro is also nearby, with Washington, D.C., and Dulles International Airport within reach.
Key Highlights
- 1,215‑square‑foot residence with one bedroom and two full bathrooms
- Separate office, private balcony and hardwood flooring throughout
- Kitchen with granite countertops, oak cabinetry, GE Profile appliances and island breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,187
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,740
$363.7K
Cap Rate 7%
$259,814
$259.8K
Cap Rate 9%
$202,078
$202.1K
Market Conditions
NOI Build-Up for 1,215 SF
Gross rent
$35.0K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$33.1K $27.22/SF
− OpEx
−$14.9K −$12.25/SF
NOI
$18.2K $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%
$363,740
Cap Rate 7%
$259,814
Cap Rate 9%
$202,078
Alternative Uses
Best Use
Apartment 5plus
$259.8K
$227.3K – $303.1K
NOI $18,187 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.09M
$4.46M – $5.94M
NOI $356,508 @ 7.0% cap · market cap 63.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
4,474
Businesses Nearby
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Business Placement
Demographics for 22102, VA
27,743
Population
14,274
Households
1.9
Avg Household Size
37
Median Age
81%
College-Educated
99%
High-School Grad
12.3 sq mi
ZIP Area
2,256
Density / Sq Mi
$153,816
Median Household Income
$93,200
Median Earnings
$2,471
Median Rent
$1,003,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom residence includes a dedicated office and shared access to a pool, fitness studio and concierge.
Where is this residential income property located?
The property is located at 8220 CRESTWOOD HEIGHTS DRIVE Unit 910 Mc Lean, VA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 1,215‑square‑foot residence with one bedroom and two full bathrooms; Separate office, private balcony and hardwood flooring throughout; Kitchen with granite countertops, oak cabinetry, GE Profile appliances and island breakfast bar
