Residential Income Property with
For Sale
$290,000
8353 DUNHAM COURT Unit 640, Springfield, VA 22152
The 2-bedroom main-level residence includes assigned parking and access to pools and tennis courts.
Property Size961 SF
Price / SF$301.77
Days on Market158
Property Features for 8353 DUNHAM COURT Unit 640
General Information
Standard status
Active
Size
961 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,563
Amenities
patio
swimming pools
tennis courts
party rooms
Building Details
Building Size
961 SF
Year Built
1968
Listing Agency:
Epic Realty, LLC.
Listed By:
Maria M Bras · License #0225039368
(703) 930-3719
Source:
Jackrealtygroup
Added: May 29
Changed: Nov 2
Last Checked: Oct 31 at 3:21PM
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 Epic Realty, LLC.
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Investment Insights
Based on property information with market context.
This 961-square-foot, 2-bedroom residence is on the main level and opens from its living area to a patio. The unit was built in 1968 and includes one assigned parking space, with additional guest parking available in unmarked spaces and near the pool.
Community amenities include two swimming pools, tennis courts, and remodeled party rooms. The condo fee covers gas for heating and hot water, water, sewer, trash, exterior maintenance, insurance, reserves, lawn and road maintenance, snow removal, parking, seasonal pool access, and tennis courts. Electricity is paid separately.
Community amenities include two swimming pools, tennis courts, and remodeled party rooms. The condo fee covers gas for heating and hot water, water, sewer, trash, exterior maintenance, insurance, reserves, lawn and road maintenance, snow removal, parking, seasonal pool access, and tennis courts. Electricity is paid separately.
Key Highlights
- 2‑bedroom, 961‑square‑foot residence
- Main‑level unit with patio access from the living area
- One assigned parking space; additional guest parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,385
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,700
$287.7K
Cap Rate 7%
$205,500
$205.5K
Cap Rate 9%
$159,833
$159.8K
Market Conditions
NOI Build-Up for 961 SF
Gross rent
$27.7K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$26.2K $27.22/SF
− OpEx
−$11.8K −$12.25/SF
NOI
$14.4K $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%
$287,700
Cap Rate 7%
$205,500
Cap Rate 9%
$159,833
Alternative Uses
Best Use
Apartment 5plus
$205.5K
$179.8K – $239.8K
NOI $14,385 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.03M
$3.52M – $4.70M
NOI $281,979 @ 7.0% cap · market cap 97.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 22152, VA
29,843
Population
9,779
Households
3.1
Avg Household Size
40
Median Age
64%
College-Educated
94%
High-School Grad
6.0 sq mi
ZIP Area
4,974
Density / Sq Mi
$159,557
Median Household Income
$73,552
Median Earnings
$2,495
Median Rent
$620,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The 2-bedroom main-level residence includes assigned parking and access to pools and tennis courts.
Where is this residential income property located?
The property is located at 8353 DUNHAM COURT Unit 640 Springfield, VA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 2‑bedroom, 961‑square‑foot residence; Main‑level unit with patio access from the living area; One assigned parking space; additional guest parking available
