Residential Income
3360 WOODBURN ROAD Unit 33, Annandale, VA 22003
For Sale
$245,900
The two-bedroom residence has a galley kitchen, walk-in closet, and assigned parking.
Property Size1,011 SF
Price / SF$243.22
Days on Market60
Property Features for 3360 WOODBURN ROAD Unit 33
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Ericka S Black
(202) 670-6677
Source:
Jackrealtygroup
Added: Sep 16
Changed: Nov 11
Last Checked: Nov 13 at 10:17AM
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 Coldwell Banker Realty - Washington
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Investment Insights
Based on property information with market context.
This 1,011-square-foot residence was built in 1969 and has two bedrooms and one full and one half bathroom. Its layout includes a galley kitchen with a built-in microwave and dishwasher, a dining area, a formal dining room, and carpeted living areas. The primary bedroom has a walk-in closet, and the bathroom includes a tub-and-shower combination.
The home is in Woodburn Village, with parks and schools nearby. Assigned parking is provided.
The home is in Woodburn Village, with parks and schools nearby. Assigned parking is provided.
Key Highlights
- 1,011‑square‑foot residence built in 1969
- Two bedrooms and 1.5 bathrooms
- Galley kitchen with built‑in microwave and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,133
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,660
$302.7K
Cap Rate 7%
$216,186
$216.2K
Cap Rate 9%
$168,144
$168.1K
Market Conditions
NOI Build-Up for 1,011 SF
Gross rent
$29.1K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$27.5K $27.22/SF
− OpEx
−$12.4K −$12.25/SF
NOI
$15.1K $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%
$302,660
Cap Rate 7%
$216,186
Cap Rate 9%
$168,144
Alternative Uses
Best Use
Apartment 5plus
$216.2K
$189.2K – $252.2K
NOI $15,133 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$561.5K
$491.4K – $655.1K
NOI $39,308 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
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Business Placement
Demographics for 22003, VA
59,372
Population
19,497
Households
3
Avg Household Size
39
Median Age
51%
College-Educated
87%
High-School Grad
12.6 sq mi
ZIP Area
4,712
Density / Sq Mi
$134,109
Median Household Income
$54,906
Median Earnings
$1,988
Median Rent
$694,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom residence has a galley kitchen, walk-in closet, and assigned parking.
Where is this residential income property located?
The property is located at 3360 WOODBURN ROAD Unit 33 Annandale, VA.
What is the asking price?
The asking price for this property is $245,900.
What are key features of this property?
This property features: 1,011‑square‑foot residence built in 1969; Two bedrooms and 1.5 bathrooms; Galley kitchen with built‑in microwave and dishwasher
