Residential Income
For Sale
$298,000
9737 KINGS CROWN COURT Unit 202, Fairfax, VA 22031
The condominium includes two bedrooms, two bathrooms, a private balcony, and an in-unit washer and dryer.
Property Size1,109 SF
Price / SF$268.71
Days on Market95
Property Features for 9737 KINGS CROWN COURT Unit 202
General Information
Standard status
Active
Size
1,109 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,363
Amenities
community pool
playground
in-unit washer and dryer
private balcony
Building Details
Building Size
1,109 SF
Year Built
1973
Listing Agency:
Weichert, REALTORS
Listed By:
David A Lloyd Jr. · License #0225043419
(703) 593-3204
Source:
Irvinrealtyllc
Added: Jul 30
Changed: Oct 27
Last Checked: Oct 27 at 3:23AM
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 Weichert, REALTORS
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Investment Insights
Based on property information with market context.
This 1,109-square-foot condominium was built in 1973 and has two bedrooms and two bathrooms. Its layout includes a living room, a separate dining area, and a kitchen with table space and stainless steel appliances. The primary bedroom has an ensuite bathroom, and a private balcony extends the living space outdoors. A washer and dryer are located in the unit.
The community offers a pool, playground, and parking. Nearby access includes I-66, Route 50, Lee Highway, and the Vienna/Fairfax-GMU Metro. Shopping and dining at Scout on the Circle, anchored by a Giant Food store, are a few blocks away. George Mason University and the Mosaic District are also nearby.
The community offers a pool, playground, and parking. Nearby access includes I-66, Route 50, Lee Highway, and the Vienna/Fairfax-GMU Metro. Shopping and dining at Scout on the Circle, anchored by a Giant Food store, are a few blocks away. George Mason University and the Mosaic District are also nearby.
Key Highlights
- 1,109‑square‑foot condominium with two bedrooms and two bathrooms
- Private balcony and in‑unit washer and dryer
- Kitchen with table space and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,600
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,000
$332.0K
Cap Rate 7%
$237,143
$237.1K
Cap Rate 9%
$184,444
$184.4K
Market Conditions
NOI Build-Up for 1,109 SF
Gross rent
$31.9K $28.80/SF
− Vacancy
−$1.8K −$1.58/SF
EGI
$30.2K $27.22/SF
− OpEx
−$13.6K −$12.25/SF
NOI
$16.6K $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%
$332,000
Cap Rate 7%
$237,143
Cap Rate 9%
$184,444
Alternative Uses
Best Use
Apartment 5plus
$237.1K
$207.5K – $276.7K
NOI $16,600 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.65M
$4.07M – $5.42M
NOI $325,406 @ 7.0% cap · market cap 109.20%
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
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 two bedrooms, two bathrooms, a private balcony, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 9737 KINGS CROWN COURT Unit 202 Fairfax, VA.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 1,109‑square‑foot condominium with two bedrooms and two bathrooms; Private balcony and in‑unit washer and dryer; Kitchen with table space and stainless steel appliances
