Updated Residential Income
For Sale
$349,900
9731 KINGS CROWN COURT Unit 1, Fairfax, VA 22031
The condominium includes a walk-out patio, community pool, walking paths, and on-site management and maintenance.
Property Size1,417 SF
Price / SF$246.93
Days on Market27
Property Features for 9731 KINGS CROWN COURT Unit 1
General Information
Standard status
Active
Size
1,417 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,707
Amenities
outdoor swimming pool
manicured common grounds
walking paths
on-site management and maintenance
private walk-out patio
Building Details
Building Size
1,417 SF
Year Built
1973
Listing Agency:
Samson Properties
Listed By:
Samuel Chase Medvene · License #225231734
(703) 314-5833
Source:
Canopy-re
Added: Oct 2
Changed: Oct 27
Last Checked: Oct 27 at 4:49AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1,417-square-foot condominium in Hawthorne Village has three bedrooms and two full bathrooms. Interior features include fresh paint, new flooring, updated bathrooms, and a kitchen with butcher block countertops, stainless steel appliances, and ample cabinetry. The layout connects the kitchen to a formal dining room and living area, with a walk-out patio adjoining the living room. The primary suite has a walk-in closet and ensuite bathroom. Built in 1973, the property is located at 9731 Kings Crown Court, Unit 1, in Fairfax, Virginia.
Community amenities include an outdoor swimming pool, walking paths, maintained common grounds, on-site management and maintenance, and parking for residents and guests.
Community amenities include an outdoor swimming pool, walking paths, maintained common grounds, on-site management and maintenance, and parking for residents and guests.
Key Highlights
- Three bedrooms and two full bathrooms in 1,417 square feet
- Kitchen with butcher block countertops and upgraded stainless steel appliances
- Walk‑out patio, walk‑in closet, and ensuite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,211
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,220
$424.2K
Cap Rate 7%
$303,014
$303.0K
Cap Rate 9%
$235,678
$235.7K
Market Conditions
NOI Build-Up for 1,417 SF
Gross rent
$40.8K $28.80/SF
− Vacancy
−$2.2K −$1.58/SF
EGI
$38.6K $27.22/SF
− OpEx
−$17.4K −$12.25/SF
NOI
$21.2K $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%
$424,220
Cap Rate 7%
$303,014
Cap Rate 9%
$235,678
Alternative Uses
Best Use
Apartment 5plus
$303.0K
$265.1K – $353.5K
NOI $21,211 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.94M
$5.20M – $6.93M
NOI $415,780 @ 7.0% cap · market cap 118.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
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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 includes a walk-out patio, community pool, walking paths, and on-site management and maintenance.
Where is this residential income property located?
The property is located at 9731 KINGS CROWN COURT Unit 1 Fairfax, VA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms in 1,417 square feet; Kitchen with butcher block countertops and upgraded stainless steel appliances; Walk‑out patio, walk‑in closet, and ensuite bathroom
