Renovated Residential Income
For Sale
$419,900
3800 POWELL LANE Unit 805, Falls Church, VA 22041
A two-bedroom condominium features an updated kitchen, refreshed bathrooms, and an in-unit washer and dryer.
Property Size1,252 SF
Price / SF$335.38
Days on Market83
Property Features for 3800 POWELL LANE Unit 805
General Information
Standard status
Active
Size
1,252 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,296
Amenities
secure building
on-site management
on-site barbershop
on-site daycare
gym
community rooms
swimming pools
walking areas
in-unit washer and dryer
Building Details
Building Size
1,252 SF
Year Built
1983
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Jacqueline E Hanson · License #022504150
(703) 867-5700
Source:
Jackrealtygroup
Added: Aug 7
Changed: Oct 27
Last Checked: Oct 26 at 2:41PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,252-square-foot, two-bedroom condominium was built in 1983 and has undergone extensive interior updates. The kitchen has quartz countertops, stainless-steel appliances, a new sink, and a new refrigerator and range. Additional improvements include LVP flooring, fresh paint, updated lighting, refreshed bathroom finishes, and improved bedroom closet organization. A washer and dryer are located in the unit.
The building offers assigned parking and visitor spaces, along with on-site management. Shared amenities include a gym, community rooms, swimming pools, walking areas, a barbershop, and daycare. The property is in Falls Church, with restaurants, shopping, and entertainment nearby. Ballston, Old Town Alexandria, Tysons Corner, the Mosaic District, and Washington, DC are also identified as nearby destinations.
The building offers assigned parking and visitor spaces, along with on-site management. Shared amenities include a gym, community rooms, swimming pools, walking areas, a barbershop, and daycare. The property is in Falls Church, with restaurants, shopping, and entertainment nearby. Ballston, Old Town Alexandria, Tysons Corner, the Mosaic District, and Washington, DC are also identified as nearby destinations.
Key Highlights
- 1,252‑square‑foot, two‑bedroom condominium
- Renovated kitchen with quartz countertops and stainless‑steel appliances
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,741
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,820
$374.8K
Cap Rate 7%
$267,729
$267.7K
Cap Rate 9%
$208,233
$208.2K
Market Conditions
NOI Build-Up for 1,252 SF
Gross rent
$36.1K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$34.1K $27.22/SF
− OpEx
−$15.3K −$12.25/SF
NOI
$18.7K $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%
$374,820
Cap Rate 7%
$267,729
Cap Rate 9%
$208,233
Alternative Uses
Best Use
Apartment 5plus
$267.7K
$234.3K – $312.4K
NOI $18,741 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.25M
$4.59M – $6.12M
NOI $367,365 @ 7.0% cap · market cap 87.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condominium features an updated kitchen, refreshed bathrooms, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 3800 POWELL LANE Unit 805 Falls Church, VA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 1,252‑square‑foot, two‑bedroom condominium; Renovated kitchen with quartz countertops and stainless‑steel appliances; In‑unit washer and dryer
