Residential Income Property with
For Sale
$269,900
9489 FAIRFAX BOULEVARD Unit 202, Fairfax, VA 22031
This second-floor home pairs updated, carpet-free interiors with a private balcony and dedicated storage.
Property Size914 SF
Price / SF$295.30
Days on Market41
Property Features for 9489 FAIRFAX BOULEVARD Unit 202
General Information
Standard status
Active
Size
914 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,696
Amenities
private balcony
laundry facilities
storage unit
Building Details
Building Size
914 SF
Year Built
1961
Listing Agency:
S & S Realty & Investment, LLC
Listed By:
Byung H Soh · License #0226021796
(703) 795-1230
Source:
Jackrealtygroup
Added: Sep 17
Changed: Oct 26
Last Checked: Oct 26 at 3:47PM
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 S & S Realty & Investment, LLC
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Investment Insights
Based on property information with market context.
Set on the second floor of Foxcroft Colony, this 2-bedroom, 1-bath residence has updated interiors, carpet-free flooring, and a private balcony. The primary bedroom includes a walk-in closet, and a separate storage unit measures 56" x 48" x 26". Laundry facilities are available inside the building. The property was built in 1961.
The home is across from the Scout on the Circle development, with shopping, dining, Metrobus, and CUE bus service nearby. I-66 provides regional road access. The condo fee covers gas, electricity, water, sewer, trash, master policy insurance, and exterior maintenance.
The home is across from the Scout on the Circle development, with shopping, dining, Metrobus, and CUE bus service nearby. I-66 provides regional road access. The condo fee covers gas, electricity, water, sewer, trash, master policy insurance, and exterior maintenance.
Key Highlights
- 2‑bedroom, 1‑bath home on the second floor
- Private balcony and updated, carpet‑free flooring
- Primary bedroom includes a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,681
Cap Rate
5.07%
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 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.83M
$3.35M – $4.47M
NOI $268,188 @ 7.0% cap · market cap 99.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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 - This second-floor home pairs updated, carpet-free interiors with a private balcony and dedicated storage.
Where is this residential income property located?
The property is located at 9489 FAIRFAX BOULEVARD Unit 202 Fairfax, VA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath home on the second floor; Private balcony and updated, carpet‑free flooring; Primary bedroom includes a walk‑in closet
