Great opportunity for investors! This updated upper-level 2-bedroom, 1-bath condo offers immediate rental income with a tenant already in place. The current lease runs through August 31, 2027, with monthly rent of $1,750, making this a strong turnkey investment option. The unit features a practical layout, nice updates, and the added benefit of all utilities being included in the condo fee, which helps simplify ownership and monthly expense planning. A huge storage unit located in the laundry room area provides excellent additional space. Conveniently located near I-495, Falls Church Farmers Market, shopping, dining, and everyday conveniences, this property offers strong rental appeal in a desirable and accessible location. Whether you are looking to start or expand your rental portfolio, this tenant-occupied condo is a great opportunity to generate steady income from day one.
For sale
$249,900
2846 Annandale Rd APT 220, Falls Church, VA 22042
2beds
682sqft
Condominium
Built in 1966
-- sqft lot
$247,300 Zestimate®
$366/sqft
$428/mo HOA
What's special
Practical layoutNice updates
- 72 days |
- 453 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Andy Kim 703-625-2393,
NBI Realty LLC 7032566247
Source: Bright MLS,MLS#: VAFX2319452
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Basement
- Area: 0
Heating
- Central, Other
Cooling
- Window Unit(s), Electric
Appliances
- Included: Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 682
- Total interior livable area: 682 sqft
- Finished area above ground: 682
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Pool features: Community
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0502 12 0220
- Zoning: 220
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Condo and coop fee: $428 monthly
- Subdivision: James Lee Condo
HOA
- Has HOA: No
- Amenities included: Pool
- Services included: Electricity, Maintenance Structure, Gas, Heat, Management, Sewer, Snow Removal, Water
Location
- Region: Falls Church
Financial & listing details
- Price per square foot: $366/sqft
- Tax assessed value: $226,070
- Annual tax amount: $2,607
- Date on market: 6/10/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Condominium
Estimated market value
$247,300
$235,000 - $260,000
$2,305/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Listed for sale | $249,900+63.3%$366/sqft |
Source:  Bright MLS #VAFX2319452 Report a problem | ||
| 7/14/2014 | Sold | $153,000-3%$224/sqft |
Source: Public Record Report a problem | ||
| 6/24/2014 | Pending sale | $157,777$231/sqft |
Source: Arlington Realty, Inc #FX8368789 Report a problem | ||
| 6/6/2014 | Listed for sale | $157,777+12.7%$231/sqft |
Source: Arlington Realty, Inc #FX8368789 Report a problem | ||
| 2/21/2014 | Listing removed | $140,000$205/sqft |
Source: Weichert Realtors #FX8239824 Report a problem | ||
| 2/20/2014 | Listed for sale | $140,000-15.2%$205/sqft |
Source: Weichert, REALTORS #FX8239824 Report a problem | ||
| 1/2/2014 | Listing removed | $165,000$242/sqft |
Source: Weichert Realtors #FX8239824 Report a problem | ||
| 12/15/2013 | Price change | $165,000-17.1%$242/sqft |
Source: Weichert, REALTORS #FX8239824 Report a problem | ||
| 11/26/2013 | Listed for sale | $199,000-5.2%$292/sqft |
Source: Weichert, REALTORS #FX8231145 Report a problem | ||
| 6/6/2005 | Sold | $210,000+328.6%$308/sqft |
Source: Public Record Report a problem | ||
| 1/21/1997 | Sold | $49,000$72/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,292 +1.8% | $198,310 +2% |
| 2024 | $2,252 +4.7% | $194,420 +2% |
| 2023 | $2,151 +5.6% | $190,610 +7% |
| 2022 | $2,037 | $178,140 +14% |
| 2021 | -- | $156,260 |
| 2020 | $1,849 -5.2% | $156,260 -5.2% |
| 2019 | $1,951 +6.1% | $164,850 +6.1% |
| 2018 | $1,839 +5.9% | $155,390 +3.9% |
| 2017 | $1,737 +4.1% | $149,610 +3.9% |
| 2016 | $1,668 +3.8% | $144,010 |
| 2015 | $1,607 +9.2% | $144,010 +9% |
| 2014 | $1,471 | $132,120 +42% |
| 2013 | -- | $93,040 -3.4% |
| 2012 | -- | $96,360 |
| 2011 | -- | $96,360 |
| 2010 | -- | $96,360 -26% |
| 2009 | -- | $130,210 -28% |
| 2008 | -- | $180,850 -12% |
| 2007 | -- | $205,410 +175.2% |
| 2003 | -- | $74,635 +15% |
| 2002 | -- | $64,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 22042
Nearby schools
GreatSchools rating
- 4/10Timber Lane Elementary SchoolGrades: PK-6Distance: 1.2 mi
- 4/10Jackson Middle SchoolGrades: 7-8Distance: 2.9 mi
- 4/10Falls Church High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- District: Fairfax County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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