Residential Income Property with
For Sale
$325,000
9743 KINGS CROWN COURT Unit 201, Fairfax, VA 22031
The condominium pairs fresh interior finishes with in-unit laundry and access to a community pool and playground.
Property Size1,191 SF
Price / SF$272.88
Days on Market33
Property Features for 9743 KINGS CROWN COURT Unit 201
General Information
Standard status
Active
Size
1,191 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,552
Amenities
swimming pool
playground
in-unit washer and dryer
Building Details
Building Size
1,191 SF
Year Built
1973
Listing Agency:
Gaja Realty
Listed By:
Selvathambi Gangadhar · License #0225257513
(703) 347-4978
Source:
Jackrealtygroup
Added: Sep 25
Changed: Oct 26
Last Checked: Oct 26 at 3:53PM
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 Gaja Realty
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bath condominium has 1,191 square feet of living space and was built in 1973. The home includes a private balcony, a dining area, and a kitchen with brand-new stainless-steel appliances. Fresh paint and an in-unit washer and dryer are also part of the property. Centralized heating and cooling serve the community, and water, sewer, and trash services are included.
The property is near I-66, Route 50, Lee Highway, and the Vienna/Fairfax-GMU Metro Station. Nearby destinations named in the listing include Scout on the Circle, Giant Food, George Mason University, and the Mosaic District. Community amenities include a swimming pool, playground, and parking.
The property is near I-66, Route 50, Lee Highway, and the Vienna/Fairfax-GMU Metro Station. Nearby destinations named in the listing include Scout on the Circle, Giant Food, George Mason University, and the Mosaic District. Community amenities include a swimming pool, playground, and parking.
Key Highlights
- 2‑bedroom, 2‑bath condominium with 1,191 square feet
- Private balcony and in‑unit washer and dryer
- Brand‑new stainless‑steel kitchen appliances and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,828
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,560
$356.6K
Cap Rate 7%
$254,686
$254.7K
Cap Rate 9%
$198,089
$198.1K
Market Conditions
NOI Build-Up for 1,191 SF
Gross rent
$34.3K $28.80/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$32.4K $27.22/SF
− OpEx
−$14.6K −$12.25/SF
NOI
$17.8K $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%
$356,560
Cap Rate 7%
$254,686
Cap Rate 9%
$198,089
Alternative Uses
Best Use
Apartment 5plus
$254.7K
$222.9K – $297.1K
NOI $17,828 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.99M
$4.37M – $5.82M
NOI $349,466 @ 7.0% cap · market cap 107.53%
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 pairs fresh interior finishes with in-unit laundry and access to a community pool and playground.
Where is this residential income property located?
The property is located at 9743 KINGS CROWN COURT Unit 201 Fairfax, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath condominium with 1,191 square feet; Private balcony and in‑unit washer and dryer; Brand‑new stainless‑steel kitchen appliances and fresh interior paint
