Two-Bedroom Residential
For Sale
$335,000
12155 PENDERVIEW TERRACE Unit 823, Fairfax, VA 22033
An updated kitchen, private patio, and in-unit laundry complement the home’s two-bedroom layout.
Property Size876 SF
Price / SF$382.42
Days on Market167
Property Features for 12155 PENDERVIEW TERRACE Unit 823
General Information
Standard status
Active
Size
876 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,577
Building Details
Building Size
876 SF
Year Built
1988
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Kristeen Cruse · License #0225201629
(703) 261-5826
Source:
Canopy-re
Added: May 14
Changed: Oct 27
Last Checked: Oct 27 at 3:26AM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 876-square-foot, second-floor residence has two bedrooms and one full bathroom, with an open living and dining area. The living room includes a wood-burning fireplace and built-in shelving with desk space. The updated kitchen features white cabinetry, granite counters, stainless steel appliances, breakfast-bar seating, and a walk-in pantry. A private patio is accessible from the second bedroom, which also has an attached storage closet. The primary bedroom includes a walk-in closet and tray ceiling. A washer and dryer are located in the unit.
The property comes with one assigned parking space, and guest parking is available. Community amenities include pools, fitness centers, clubhouse spaces, playgrounds, grilling areas, basketball, pickleball, and tennis courts, as well as walking trails and discounted golf privileges at Penderbrook Golf Course. Shopping, dining, commuter routes, and public transportation are nearby in Fairfax, Virginia.
The property comes with one assigned parking space, and guest parking is available. Community amenities include pools, fitness centers, clubhouse spaces, playgrounds, grilling areas, basketball, pickleball, and tennis courts, as well as walking trails and discounted golf privileges at Penderbrook Golf Course. Shopping, dining, commuter routes, and public transportation are nearby in Fairfax, Virginia.
Key Highlights
- 876‑square‑foot, second‑floor residence with two bedrooms and one full bathroom
- Updated kitchen with granite counters, stainless steel appliances, breakfast bar, and walk‑in pantry
- Wood‑burning fireplace and built‑in shelving with desk space in the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,113
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,260
$262.3K
Cap Rate 7%
$187,329
$187.3K
Cap Rate 9%
$145,700
$145.7K
Market Conditions
NOI Build-Up for 876 SF
Gross rent
$25.2K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$23.8K $27.22/SF
− OpEx
−$10.7K −$12.25/SF
NOI
$13.1K $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%
$262,260
Cap Rate 7%
$187,329
Cap Rate 9%
$145,700
Alternative Uses
Best Use
Apartment 5plus
$187.3K
$163.9K – $218.6K
NOI $13,113 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.67M
$3.21M – $4.28M
NOI $257,038 @ 7.0% cap · market cap 76.73%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
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Business Placement
Demographics for 22033, VA
40,692
Population
16,057
Households
2.5
Avg Household Size
37
Median Age
67%
College-Educated
95%
High-School Grad
7.8 sq mi
ZIP Area
5,217
Density / Sq Mi
$134,532
Median Household Income
$75,231
Median Earnings
$2,253
Median Rent
$621,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An updated kitchen, private patio, and in-unit laundry complement the home’s two-bedroom layout.
Where is this residential income property located?
The property is located at 12155 PENDERVIEW TERRACE Unit 823 Fairfax, VA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 876‑square‑foot, second‑floor residence with two bedrooms and one full bathroom; Updated kitchen with granite counters, stainless steel appliances, breakfast bar, and walk‑in pantry; Wood‑burning fireplace and built‑in shelving with desk space in the living area
