Updated Residential Income
3362 WOODBURN ROAD Unit 31, Annandale, VA 22003
For Sale
$255,000
Recent appliance and interior work was completed between 2024 and 2026.
Property Size982 SF
Price / SF$259.67
Days on Market37
Property Features for 3362 WOODBURN ROAD Unit 31
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:
Pearson Smith Realty, LLC
Listed By:
Quang Nguyen · License VA #0225271741
(703) 380-9239
Source:
Jackrealtygroup
Added: Oct 9
Changed: Nov 11
Last Checked: Nov 13 at 10:08AM
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 top-floor condominium unit was built in 1969 and has received several interior updates. The kitchen has newer appliances and flooring, while the full bathroom was renovated. Carpet was replaced in the living area and bedroom, ceiling lights were added, and the unit was freshly painted. The property is being sold in as-is condition.
The building is directly across from Woodburn office buildings. Shopping, dining, and major commuter routes are also noted in the property information. Rental use is subject to condominium rules and regulations.
The building is directly across from Woodburn office buildings. Shopping, dining, and major commuter routes are also noted in the property information. Rental use is subject to condominium rules and regulations.
Key Highlights
- Top‑floor unit with no neighbors above
- Built in 1969
- Kitchen flooring installed in 2025; refrigerator replaced in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,699
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,980
$294.0K
Cap Rate 7%
$209,986
$210.0K
Cap Rate 9%
$163,322
$163.3K
Market Conditions
NOI Build-Up for 982 SF
Gross rent
$28.3K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$26.7K $27.22/SF
− OpEx
−$12.0K −$12.25/SF
NOI
$14.7K $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%
$293,980
Cap Rate 7%
$209,986
Cap Rate 9%
$163,322
Alternative Uses
Best Use
Apartment 5plus
$210.0K
$183.7K – $245.0K
NOI $14,699 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$545.4K
$477.3K – $636.3K
NOI $38,180 @ 7.0% cap · market cap 14.97%
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
2,634
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 - Recent appliance and interior work was completed between 2024 and 2026.
Where is this residential income property located?
The property is located at 3362 WOODBURN ROAD Unit 31 Annandale, VA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Top‑floor unit with no neighbors above; Built in 1969; Kitchen flooring installed in 2025; refrigerator replaced in 2026
