Residential Income Condo with
For Sale
$214,500
9471 FAIRFAX BOULEVARD Unit 201, Fairfax, VA 22031
Condo fees cover all utilities, with access to a community pool and resident and guest parking.
Property Size698 SF
Price / SF$307.31
Days on Market146
Property Features for 9471 FAIRFAX BOULEVARD Unit 201
General Information
Standard status
Active
Size
698 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,256
Amenities
community pool
Building Details
Building Size
698 SF
Year Built
1963
Listing Agency:
Jack Realty Group
Listed By:
John Pruski
(202) 213-4744
Source:
Jackrealtygroup
Added: Jun 4
Changed: Oct 26
Last Checked: Oct 26 at 3:18PM
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 698-square-foot condo, built in 1963, has been updated with fresh paint, new carpet, and unused stainless steel kitchen appliances. Improvements also include a new gas valve for the stove, a stainless steel sink, and a garbage disposal. The balcony offers city views.
All utilities are included in the condo fee. A grocery store is directly across the street, and shopping, restaurants, major commuter routes, nature parks, and walking trails are accessible nearby. Residents have use of a community pool, with parking available for residents and guests.
All utilities are included in the condo fee. A grocery store is directly across the street, and shopping, restaurants, major commuter routes, nature parks, and walking trails are accessible nearby. Residents have use of a community pool, with parking available for residents and guests.
Key Highlights
- 698‑square‑foot condo built in 1963
- Kitchen updates include unused stainless steel appliances, a new sink, gas valve, and garbage disposal
- Fresh paint and new carpet throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,448
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,960
$209.0K
Cap Rate 7%
$149,257
$149.3K
Cap Rate 9%
$116,089
$116.1K
Market Conditions
NOI Build-Up for 698 SF
Gross rent
$20.1K $28.80/SF
− Vacancy
−$1.1K −$1.58/SF
EGI
$19.0K $27.22/SF
− OpEx
−$8.5K −$12.25/SF
NOI
$10.4K $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%
$208,960
Cap Rate 7%
$149,257
Cap Rate 9%
$116,089
Alternative Uses
Best Use
Apartment 5plus
$149.3K
$130.6K – $174.1K
NOI $10,448 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.93M
$2.56M – $3.41M
NOI $204,809 @ 7.0% cap · market cap 95.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
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 - Condo fees cover all utilities, with access to a community pool and resident and guest parking.
Where is this residential income property located?
The property is located at 9471 FAIRFAX BOULEVARD Unit 201 Fairfax, VA.
What is the asking price?
The asking price for this property is $214,500.
What are key features of this property?
This property features: 698‑square‑foot condo built in 1963; Kitchen updates include unused stainless steel appliances, a new sink, gas valve, and garbage disposal; Fresh paint and new carpet throughout
