Residential Income Property with
For Sale
$479,900
3800 POWELL LANE Unit 619, Falls Church, VA 22041
The condominium pairs a flexible three-bedroom layout with a private balcony, reserved garage parking, and community recreation amenities.
Property Size1,557 SF
Price / SF$308.22
Days on Market42
Property Features for 3800 POWELL LANE Unit 619
General Information
Standard status
Active
Size
1,557 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,041
Amenities
private balcony
private storage bin
indoor swimming pool
outdoor swimming pool
hot tub
sauna
fitness center
tennis court
Building Details
Building Size
1,557 SF
Year Built
1983
Listing Agency:
United Real Estate Premier
Listed By:
Abdullah A Alyamani · License #0225032177
(703) 362-0498
Source:
Irvinrealtyllc
Added: Sep 17
Changed: Oct 27
Last Checked: Oct 27 at 3:19AM
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 United Real Estate Premier
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Investment Insights
Based on property information with market context.
This 1,557-square-foot condominium at Lakeside Plaza has three bedrooms, or two bedrooms plus a den, and 2.5 bathrooms. Interior features include newer hardwood flooring, fresh paint, a newer stove and microwave, walk-in closets, and a pantry. A private balcony overlooks Holmes Run Stream Valley Park; the unit also comes with one covered, reserved garage space and a private storage bin.
Community amenities include indoor and outdoor pools, a hot tub, sauna, fitness center, and tennis court. Shopping and dining are available at Bailey’s Crossroads, with Trader Joe’s approximately one mile away. East Falls Church Metro is about 3.9 miles from the property, and Ballston Metro is about 4.2 miles away. Georgetown, the Kennedy Center, and Ronald Reagan Washington National Airport are each within approximately nine miles.
Community amenities include indoor and outdoor pools, a hot tub, sauna, fitness center, and tennis court. Shopping and dining are available at Bailey’s Crossroads, with Trader Joe’s approximately one mile away. East Falls Church Metro is about 3.9 miles from the property, and Ballston Metro is about 4.2 miles away. Georgetown, the Kennedy Center, and Ronald Reagan Washington National Airport are each within approximately nine miles.
Key Highlights
- 1,557‑square‑foot condominium with 3 bedrooms or 2 bedrooms plus a den and 2.5 bathrooms
- Private balcony with views of Holmes Run Stream Valley Park
- One covered, reserved garage parking space and a private storage bin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,306
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,120
$466.1K
Cap Rate 7%
$332,943
$332.9K
Cap Rate 9%
$258,956
$259.0K
Market Conditions
NOI Build-Up for 1,557 SF
Gross rent
$44.8K $28.80/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$42.4K $27.22/SF
− OpEx
−$19.1K −$12.25/SF
NOI
$23.3K $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%
$466,120
Cap Rate 7%
$332,943
Cap Rate 9%
$258,956
Alternative Uses
Best Use
Apartment 5plus
$332.9K
$291.3K – $388.4K
NOI $23,306 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.53M
$5.71M – $7.61M
NOI $456,859 @ 7.0% cap · market cap 95.20%
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
369
Businesses Nearby
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Business Placement
Demographics for 22041, VA
28,039
Population
11,567
Households
2.4
Avg Household Size
36
Median Age
47%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
10,014
Density / Sq Mi
$91,075
Median Household Income
$46,350
Median Earnings
$1,913
Median Rent
$432,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium pairs a flexible three-bedroom layout with a private balcony, reserved garage parking, and community recreation amenities.
Where is this residential income property located?
The property is located at 3800 POWELL LANE Unit 619 Falls Church, VA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 1,557‑square‑foot condominium with 3 bedrooms or 2 bedrooms plus a den and 2.5 bathrooms; Private balcony with views of Holmes Run Stream Valley Park; One covered, reserved garage parking space and a private storage bin
