Ground-Floor Residential Income
For Sale
$259,500
9709 KINGS CROWN COURT Unit 2, Fairfax, VA 22031
A one-bedroom plan includes an updated kitchen and bath, in-unit laundry, and a concrete patio.
Property Size962 SF
Price / SF$269.75
Days on Market57
Property Features for 9709 KINGS CROWN COURT Unit 2
General Information
Standard status
Active
Size
962 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1BR/1BA
Multifamily Units
1
Building Details
Building Size
962 SF
Year Built
1973
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 1
Changed: Oct 26
Last Checked: Oct 26 at 3:10PM
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 962-square-foot, ground-floor condo has one bedroom and one bathroom, with an open living area and a concrete patio reached through sliding glass doors. The kitchen includes maple cabinetry, granite counters, and a breakfast bar. Improvements include new flooring and an updated bathroom. A walk-in closet in the bedroom, a large linen closet, and additional storage closets add practical organization; a front-loading washer and dryer are installed in a laundry closet near the bedroom.
The patio faces the community garden and common grounds. Routes 66, 123, 29, and 50 are accessible from the area. Vienna/Fairfax Metro Station on the Orange Line is less than 1.5 miles away, and a bus stop is located outside the community. The condo was built in 1973.
The patio faces the community garden and common grounds. Routes 66, 123, 29, and 50 are accessible from the area. Vienna/Fairfax Metro Station on the Orange Line is less than 1.5 miles away, and a bus stop is located outside the community. The condo was built in 1973.
Key Highlights
- 962 SF ground‑floor condo with one bedroom and one bathroom
- Kitchen features maple cabinetry, granite counters, and a breakfast bar
- Concrete patio overlooks the community garden and common grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,400
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,000
$288.0K
Cap Rate 7%
$205,714
$205.7K
Cap Rate 9%
$160,000
$160.0K
Market Conditions
NOI Build-Up for 962 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%
$288,000
Cap Rate 7%
$205,714
Cap Rate 9%
$160,000
Alternative Uses
Best Use
Apartment 5plus
$205.7K
$180.0K – $240.0K
NOI $14,400 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.03M
$3.53M – $4.70M
NOI $282,272 @ 7.0% cap · market cap 108.78%
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
1,039
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 - A one-bedroom plan includes an updated kitchen and bath, in-unit laundry, and a concrete patio.
Where is this residential income property located?
The property is located at 9709 KINGS CROWN COURT Unit 2 Fairfax, VA.
What is the asking price?
The asking price for this property is $259,500.
What are key features of this property?
This property features: 962 SF ground‑floor condo with one bedroom and one bathroom; Kitchen features maple cabinetry, granite counters, and a breakfast bar; Concrete patio overlooks the community garden and common grounds
