Residential Income Property with
For Sale
$290,000
12705 GORDON BOULEVARD Unit 30, Woodbridge, VA 22192
Remodeled bathrooms, in-unit laundry, and a separate storage unit add practical utility to this upper-level residence.
Property Size1,220 SF
Price / SF$237.70
Days on Market69
Property Features for 12705 GORDON BOULEVARD Unit 30
General Information
Standard status
Active
Size
1,220 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,863
Amenities
private balcony
storage unit
outdoor pool
tennis courts
tot lots
clubhouse
Building Details
Building Size
1,220 SF
Year Built
1965
Listing Agency:
EXP Realty, LLC
Listed By:
Christopher Craddock · License #0225207192
(703) 688-2635
Source:
Irvinrealtyllc
Added: Aug 21
Changed: Oct 27
Last Checked: Oct 26 at 8:25PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,241-square-foot, upper-level condominium was built in 1965 and features a private balcony with seasonal Occoquan River views. Vinyl wood-look flooring extends through most of the home. The kitchen has granite countertops, a tile backsplash, stainless steel appliances, a pantry, and a laundry nook with washer and dryer. The primary bedroom connects to a remodeled full bathroom, and a second remodeled full bathroom serves the home. A hallway closet with built-in shelving and a separate 5-by-10-foot storage unit provide additional storage.
The property is within walking distance of Historic Occoquan’s shops and restaurants, with Occoquan Regional Park a short drive away. Route 123 and I-95 are nearby. Community amenities include an outdoor pool, tennis courts, tot lots, and a clubhouse; the association includes water and sewer.
The property is within walking distance of Historic Occoquan’s shops and restaurants, with Occoquan Regional Park a short drive away. Route 123 and I-95 are nearby. Community amenities include an outdoor pool, tennis courts, tot lots, and a clubhouse; the association includes water and sewer.
Key Highlights
- 1,241‑square‑foot upper‑level condominium with a private balcony
- Separate 5‑by‑10‑foot storage unit conveys with the property
- Kitchen includes granite countertops, stainless steel appliances, pantry, and in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,402
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,040
$328.0K
Cap Rate 7%
$234,314
$234.3K
Cap Rate 9%
$182,244
$182.2K
Market Conditions
NOI Build-Up for 1,220 SF
Gross rent
$30.7K $25.20/SF
− Vacancy
−$922 −$0.76/SF
EGI
$29.8K $24.44/SF
− OpEx
−$13.4K −$11.00/SF
NOI
$16.4K $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%
$328,040
Cap Rate 7%
$234,314
Cap Rate 9%
$182,244
Alternative Uses
Best Use
Apartment 5plus
$234.3K
$205.0K – $273.4K
NOI $16,402 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$358.3K
$313.5K – $418.0K
NOI $25,081 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
907
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 - Remodeled bathrooms, in-unit laundry, and a separate storage unit add practical utility to this upper-level residence.
Where is this residential income property located?
The property is located at 12705 GORDON BOULEVARD Unit 30 Woodbridge, VA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 1,241‑square‑foot upper‑level condominium with a private balcony; Separate 5‑by‑10‑foot storage unit conveys with the property; Kitchen includes granite countertops, stainless steel appliances, pantry, and in‑unit washer and dryer
