Residential Income Property with
For Sale
$289,000
12161 CHAUCER LANE Unit 12161, Woodbridge, VA 22192
Ground-level living space connects two bedrooms and two full bathrooms with an open kitchen, dining, and living area.
Property Size971 SF
Price / SF$297.63
Days on Market251
Property Features for 12161 CHAUCER LANE Unit 12161
General Information
Standard status
Active
Size
971 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,707
Amenities
private patio with extra storage
pool
tennis courts
playgrounds
jogging trails
Building Details
Building Size
971 SF
Year Built
1985
Listing Agency:
Compass
Listed By:
Melanie Pissarius · License #0225239838
(703) 744-0180
Source:
Irvinrealtyllc
Added: Feb 19
Changed: Oct 27
Last Checked: Oct 27 at 4:21AM
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 Compass
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Investment Insights
Based on property information with market context.
This 971-square-foot, ground-level residential property was built in 1985 and has two bedrooms and two full bathrooms. The open layout links the living room with the kitchen and dining area. Recent interior updates include carpeting, paint, and flooring in the kitchen and bathrooms. The air conditioning system and water heater were replaced within the last five years. A private patio faces a park and includes additional storage.
Community amenities include a pool, tennis courts, playgrounds, and Lake Ridge jogging trails. I-95, the VRE, and Potomac Mills are a short drive away, with access toward Washington, D.C., and Quantico.
Community amenities include a pool, tennis courts, playgrounds, and Lake Ridge jogging trails. I-95, the VRE, and Potomac Mills are a short drive away, with access toward Washington, D.C., and Quantico.
Key Highlights
- 971‑square‑foot ground‑level property with two bedrooms and two full bathrooms
- Open living, kitchen, and dining layout
- Private patio faces a park and includes extra storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,054
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,080
$261.1K
Cap Rate 7%
$186,486
$186.5K
Cap Rate 9%
$145,044
$145.0K
Market Conditions
NOI Build-Up for 971 SF
Gross rent
$24.5K $25.20/SF
− Vacancy
−$734 −$0.76/SF
EGI
$23.7K $24.44/SF
− OpEx
−$10.7K −$11.00/SF
NOI
$13.1K $13.44/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,080
Cap Rate 7%
$186,486
Cap Rate 9%
$145,044
Alternative Uses
Best Use
Apartment 5plus
$186.5K
$163.2K – $217.6K
NOI $13,054 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$285.2K
$249.5K – $332.7K
NOI $19,962 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Explore this area
Business Placement
Demographics for 22192, VA
60,299
Population
21,290
Households
2.8
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
19.2 sq mi
ZIP Area
3,141
Density / Sq Mi
$122,005
Median Household Income
$60,918
Median Earnings
$2,012
Median Rent
$465,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level living space connects two bedrooms and two full bathrooms with an open kitchen, dining, and living area.
Where is this residential income property located?
The property is located at 12161 CHAUCER LANE Unit 12161 Woodbridge, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 971‑square‑foot ground‑level property with two bedrooms and two full bathrooms; Open living, kitchen, and dining layout; Private patio faces a park and includes extra storage
