Updated Residential Income Property with
For Sale
$525,000
Pending
13992 GREENDALE DRIVE, Woodbridge, VA 22191
Three-bedroom residence with remodeled bathrooms, updated kitchen, and tankless water heater.
Property Size2,476 SF
Days on Market53
Property Features for 13992 GREENDALE DRIVE
General Information
Standard status
Pending
Size
2,476 SF
Total Parking Spaces
2
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,941
Building Details
Building Size
2,476 SF
Year Built
2006
Listing Agency:
Fathom Realty
Listed By:
Wayne A. Lee · License #0225090130
(703) 732-7789
Source:
Kerishull
Added: Aug 29
Changed: Oct 17
Last Checked: Oct 19 at 4:31PM
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 Fathom Realty
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Investment Insights
Based on property information with market context.
This residential income property at 13992 Greendale Drive in Woodbridge, Virginia, provides approximately 2,476 square feet of living space with three bedrooms and three full bathrooms. The home includes a primary suite with a walk-in closet, a remodeled primary bathroom, and additional updated bathrooms. Its kitchen features quartzite countertops, an induction cooktop, substantial cabinetry, and updated finishes. A tankless hot water heater adds to the property’s recent improvements.
Built in 2006, the residence has a flexible layout suited to living, working, and entertaining. Parking includes a one-car garage with storage capacity and a driveway sized for one additional vehicle. The property is located within the Villas of Belmont Bay community.
Built in 2006, the residence has a flexible layout suited to living, working, and entertaining. Parking includes a one-car garage with storage capacity and a driveway sized for one additional vehicle. The property is located within the Villas of Belmont Bay community.
Key Highlights
- Approximately 2,476 square feet of living space
- Three bedrooms and three full bathrooms
- Remodeled primary bathroom with walk‑in closet in the primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,288
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,760
$665.8K
Cap Rate 7%
$475,543
$475.5K
Cap Rate 9%
$369,867
$369.9K
Market Conditions
NOI Build-Up for 2,476 SF
Gross rent
$62.4K $25.20/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$60.5K $24.44/SF
− OpEx
−$27.2K −$11.00/SF
NOI
$33.3K $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%
$665,760
Cap Rate 7%
$475,543
Cap Rate 9%
$369,867
Alternative Uses
Best Use
Apartment 5plus
$475.5K
$416.1K – $554.8K
NOI $33,288 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$727.2K
$636.3K – $848.4K
NOI $50,901 @ 7.0% cap · market cap 9.70%
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
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 22191, VA
74,189
Population
26,127
Households
2.8
Avg Household Size
34
Median Age
39%
College-Educated
87%
High-School Grad
15.4 sq mi
ZIP Area
4,817
Density / Sq Mi
$107,993
Median Household Income
$49,388
Median Earnings
$2,069
Median Rent
$432,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with remodeled bathrooms, updated kitchen, and tankless water heater.
Where is this residential income property located?
The property is located at 13992 GREENDALE DRIVE Woodbridge, VA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 2,476 square feet of living space; Three bedrooms and three full bathrooms; Remodeled primary bathroom with walk‑in closet in the primary suite
