Two-Level Residential Income
For Sale
$580,000
8856 ASHGROVE HOUSE LANE Unit 102, Vienna, VA 22182
Condominium offers flexible lower-level living space, private balcony, assigned parking, and shared recreational amenities.
Property Size1,530 SF
Price / SF$379.08
Days on Market57
Property Features for 8856 ASHGROVE HOUSE LANE Unit 102
General Information
Standard status
Active
Size
1,530 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$6,392
Building Details
Building Size
1,530 SF
Year Built
2000
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Harriet R Kline · License #0225268931
(301) 466-4066
Source:
Kerishull
Added: Aug 25
Changed: Oct 17
Last Checked: Oct 19 at 5:46PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-full-bath condominium spans approximately 1,530 square feet across two levels. The main floor includes a separate foyer, spacious kitchen with an eat-in area and bay windows, plus a dining and family room anchored by a fireplace. A second family room on the lower level can accommodate a media area, home office, guest space, or lounge. A private balcony adds outdoor space and natural light, while the property includes an assigned parking space and guest parking pass.
The community provides a clubhouse, fitness center, and outdoor swimming pool. The residence is one block from the Metro and near Wolf Trap, Tysons West shopping, restaurants, grocery stores, and a state-of-the-art fitness club. Access to the Dulles Toll Road, I-495, Route 7, and I-66 supports regional commuting.
The community provides a clubhouse, fitness center, and outdoor swimming pool. The residence is one block from the Metro and near Wolf Trap, Tysons West shopping, restaurants, grocery stores, and a state-of-the-art fitness club. Access to the Dulles Toll Road, I-495, Route 7, and I-66 supports regional commuting.
Key Highlights
- 2‑bedroom, 2‑full‑bath condominium with approximately 1,530 sq. ft. across two levels
- Lower‑level family room offers space for media, office, guests, or relaxation
- Kitchen includes an eat‑in area with bay windows and opens to the dining/family room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,902
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,040
$458.0K
Cap Rate 7%
$327,171
$327.2K
Cap Rate 9%
$254,467
$254.5K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$44.1K $28.80/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$41.6K $27.22/SF
− OpEx
−$18.7K −$12.25/SF
NOI
$22.9K $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%
$458,040
Cap Rate 7%
$327,171
Cap Rate 9%
$254,467
Alternative Uses
Best Use
Apartment 5plus
$327.2K
$286.3K – $381.7K
NOI $22,902 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.41M
$5.61M – $7.48M
NOI $448,936 @ 7.0% cap · market cap 77.40%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
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Business Placement
Demographics for 22182, VA
27,778
Population
10,285
Households
2.7
Avg Household Size
42
Median Age
82%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,222
Density / Sq Mi
$200,038
Median Household Income
$102,749
Median Earnings
$2,618
Median Rent
$1,086,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium offers flexible lower-level living space, private balcony, assigned parking, and shared recreational amenities.
Where is this residential income property located?
The property is located at 8856 ASHGROVE HOUSE LANE Unit 102 Vienna, VA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑full‑bath condominium with approximately 1,530 sq. ft. across two levels; Lower‑level family room offers space for media, office, guests, or relaxation; Kitchen includes an eat‑in area with bay windows and opens to the dining/family room
