1201 ALLENDALE ROAD
About This Property
Situated on a quiet, tree-lined street in one of McLean's most established neighborhoods, 1201 Allendale Road offers an exceptional blend of privacy, setting, and opportunity. Nestled on a spacious lot surrounded by mature trees, the property provides a peaceful, secluded atmosphere rarely found so close to everyday conveniences.
The existing home offers comfortable living with generous room sizes and abundant natural light, presenting an ideal opportunity for immediate enjoyment. It has been updated in thoughtful ways, with a beautiful kitchen, spacious primary with walk-in closet, huge basement, and 2 fireplaces. The outdoor space is zen-like, meticulously manicured....as well as privacy and space. The yard offers mature, flowering trees, extensive landscaping, and raised garden beds that offer abundant producing plants!!! For those with a vision, the property also represents a compelling opportunity for redevelopment or expansion in one of the finest neighborhoods in McLean.
Just minutes from top-rated schools, major commuter routes, Tysons, and downtown McLean, this location delivers both convenience and long-term value. Whether you're seeking a private retreat, a renovation project, or a prime homesite to build your custom residence, 1201 Allendale Road offers a rare chance to secure a special property in the heart of McLean.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About McLean
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017