Two-Suite Residential Income
For Sale
$389,900
3801 RIDGE KNOLL COURT Unit 210A, Fairfax, VA 22033
Separate dining, laundry, and sunroom or office areas add flexibility to the unit’s layout.
Property Size1,240 SF
Price / SF$314.44
Days on Market75
Property Features for 3801 RIDGE KNOLL COURT Unit 210A
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,469
Amenities
fireplace
deck/balcony
storage shed
golf
tennis
pool
exercise room
basketball
pickleball
tot lots
trails
Building Details
Building Size
1,240 SF
Year Built
1988
Listing Agency:
Compass
Listed By:
Horse Farms & Country Homes
(703) 966-9480
Source:
Horsefarmsandcountryhomes
Added: Aug 14
Changed: Oct 26
Last Checked: Oct 26 at 3:52PM
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 Compass
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Investment Insights
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This 1,240-square-foot residential condo, built in 1988, has two bedroom suites, each with a full bath. The interior includes a separate dining room, an eat-in kitchen with breakfast bar, and a sunroom that can serve as office or den space and opens to a deck or balcony. A wood-burning fireplace and built-in shelving anchor the living room. The unit also has a separate laundry and utility room, a full-size washer and dryer, and a 50-gallon water heater. Fresh paint and new wall-to-wall carpet are among the recent interior updates; ceramic tile is installed in the foyer and baths. A storage shed provides additional space.
The property is part of the Penderbrook Arnold Palmer Golf Community, with golf, tennis, pools, exercise facilities, basketball, pickleball, tot lots, and trails. Route 50 is 1/3 mile away, I-66 is 1 mile away, and Fairfax County Parkway is 1.5 miles away. Fair Oaks Mall and Fairfax Towne Center are 1/3 mile away; Harris Teeter is 2/3 mile away, while Fairfax Corner and Fair Lakes Center are 1 mile away. Unassigned lot and street parking are available.
The property is part of the Penderbrook Arnold Palmer Golf Community, with golf, tennis, pools, exercise facilities, basketball, pickleball, tot lots, and trails. Route 50 is 1/3 mile away, I-66 is 1 mile away, and Fairfax County Parkway is 1.5 miles away. Fair Oaks Mall and Fairfax Towne Center are 1/3 mile away; Harris Teeter is 2/3 mile away, while Fairfax Corner and Fair Lakes Center are 1 mile away. Unassigned lot and street parking are available.
Key Highlights
- 1,240‑square‑foot condo with two bedroom suites, each with a full bath
- Part of Penderbrook Arnold Palmer Golf Community, with golf, pools, tennis, fitness facilities, basketball, pickleball, tot lots, and trails
- Sunroom opens to a deck or balcony; separate storage shed also included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,561
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,220
$371.2K
Cap Rate 7%
$265,157
$265.2K
Cap Rate 9%
$206,233
$206.2K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$35.7K $28.80/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$33.7K $27.22/SF
− OpEx
−$15.2K −$12.25/SF
NOI
$18.6K $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%
$371,220
Cap Rate 7%
$265,157
Cap Rate 9%
$206,233
Alternative Uses
Best Use
Apartment 5plus
$265.2K
$232.0K – $309.4K
NOI $18,561 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.20M
$4.55M – $6.06M
NOI $363,844 @ 7.0% cap · market cap 93.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 22033, VA
40,692
Population
16,057
Households
2.5
Avg Household Size
37
Median Age
67%
College-Educated
95%
High-School Grad
7.8 sq mi
ZIP Area
5,217
Density / Sq Mi
$134,532
Median Household Income
$75,231
Median Earnings
$2,253
Median Rent
$621,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Separate dining, laundry, and sunroom or office areas add flexibility to the unit’s layout.
Where is this residential income property located?
The property is located at 3801 RIDGE KNOLL COURT Unit 210A Fairfax, VA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 1,240‑square‑foot condo with two bedroom suites, each with a full bath; Part of Penderbrook Arnold Palmer Golf Community, with golf, pools, tennis, fitness facilities, basketball, pickleball, tot lots, and trails; Sunroom opens to a deck or balcony; separate storage shed also included
