Two-Bedroom Residential
For Sale
$274,900
9453 FAIRFAX BOULEVARD Unit 204, Fairfax, VA 22031
The condominium fee includes electric, gas, and water, with one assigned parking space and additional visitor parking.
Property Size914 SF
Price / SF$300.77
Days on Market34
Property Features for 9453 FAIRFAX BOULEVARD Unit 204
General Information
Standard status
Active
Size
914 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$2,670
Amenities
balcony
extra storage
Building Details
Building Size
914 SF
Year Built
1963
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 26 at 2:55PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 914-square-foot condominium, built in 1963, has two bedrooms and one bathroom. The kitchen features granite counters, stainless steel appliances, custom cabinetry, a gas range, built-in microwave, and ceramic tile flooring. A passthrough connects it to the living room, while the combined living and dining area has laminate flooring, recessed lights, a breakfast bar, and balcony access. The primary bedroom includes a walk-in closet; both bedrooms have ceiling fans. Recent improvements include updates to the kitchen and bathroom, as well as paint. Extra storage is included.
The property is within walking distance of shopping and restaurants, about a mile from the Vienna Metro station, and close to I-66, I-495, Route 50, and Route 29. The condominium fee covers electric, gas, and water. Parking includes one dedicated space and visitor parking.
The property is within walking distance of shopping and restaurants, about a mile from the Vienna Metro station, and close to I-66, I-495, Route 50, and Route 29. The condominium fee covers electric, gas, and water. Parking includes one dedicated space and visitor parking.
Key Highlights
- 914‑square‑foot, two‑bedroom, one‑bathroom condominium built in 1963
- Updated kitchen with granite counters, stainless steel appliances, custom cabinets, gas range, and built‑in microwave
- Balcony access from the living and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,681
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,620
$273.6K
Cap Rate 7%
$195,443
$195.4K
Cap Rate 9%
$152,011
$152.0K
Market Conditions
NOI Build-Up for 914 SF
Gross rent
$26.3K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$24.9K $27.22/SF
− OpEx
−$11.2K −$12.25/SF
NOI
$13.7K $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%
$273,620
Cap Rate 7%
$195,443
Cap Rate 9%
$152,011
Alternative Uses
Best Use
Apartment 5plus
$195.4K
$171.0K – $228.0K
NOI $13,681 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.83M
$3.35M – $4.47M
NOI $268,188 @ 7.0% cap · market cap 97.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,046
Businesses Nearby
Explore this area
Business Placement
Demographics for 22031, VA
35,256
Population
15,390
Households
2.3
Avg Household Size
36
Median Age
72%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,966
Density / Sq Mi
$129,743
Median Household Income
$74,178
Median Earnings
$2,267
Median Rent
$710,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium fee includes electric, gas, and water, with one assigned parking space and additional visitor parking.
Where is this residential income property located?
The property is located at 9453 FAIRFAX BOULEVARD Unit 204 Fairfax, VA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 914‑square‑foot, two‑bedroom, one‑bathroom condominium built in 1963; Updated kitchen with granite counters, stainless steel appliances, custom cabinets, gas range, and built‑in microwave; Balcony access from the living and dining area
