Top-Floor Residential Income
For Sale
$229,900
3846 LYNDHURST DRIVE Unit 302, Fairfax, VA 22031
The one-bedroom condo includes gas, heat, water, sewer, trash service, snow removal, and common-area maintenance through its condo fee.
Property Size753 SF
Price / SF$305.31
Days on Market49
Property Features for 3846 LYNDHURST DRIVE Unit 302
General Information
Standard status
Active
Size
753 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$338
Taxes and HOA fees
Annual Taxes
$2,438
Building Details
Building Size
753 SF
Year Built
1964
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 26 at 3:10PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 753-square-foot, one-bedroom, one-bath condo is on the top floor of a building constructed in 1964. The unit has hardwood flooring installed in 2018 and a kitchen with granite countertops and a gas range. Its HVAC system was installed in October 2022. The home backs to trees and includes one assigned parking space and a visitor parking tag.
Gas, heat, water, sewer, trash service, snow removal, and common-area maintenance are covered by the condo fee. The address is 3846 Lyndhurst Drive, Unit 302, Fairfax, Virginia 22031.
Gas, heat, water, sewer, trash service, snow removal, and common-area maintenance are covered by the condo fee. The address is 3846 Lyndhurst Drive, Unit 302, Fairfax, Virginia 22031.
Key Highlights
- 753‑square‑foot, one‑bedroom, one‑bath condo
- Top‑floor unit backing to trees
- HVAC installed October 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,272
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,440
$225.4K
Cap Rate 7%
$161,029
$161.0K
Cap Rate 9%
$125,244
$125.2K
Market Conditions
NOI Build-Up for 753 SF
Gross rent
$21.7K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$20.5K $27.22/SF
− OpEx
−$9.2K −$12.25/SF
NOI
$11.3K $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%
$225,440
Cap Rate 7%
$161,029
Cap Rate 9%
$125,244
Alternative Uses
Best Use
Apartment 5plus
$161.0K
$140.9K – $187.9K
NOI $11,272 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.16M
$2.76M – $3.68M
NOI $220,947 @ 7.0% cap · market cap 96.11%
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
790
Businesses Nearby
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Business Placement
Demographics for 22031, VA
35,256
Population
15,390
Households
2.3
Avg Household Size
36
Median Age
72%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,966
Density / Sq Mi
$129,743
Median Household Income
$74,178
Median Earnings
$2,267
Median Rent
$710,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom condo includes gas, heat, water, sewer, trash service, snow removal, and common-area maintenance through its condo fee.
Where is this residential income property located?
The property is located at 3846 LYNDHURST DRIVE Unit 302 Fairfax, VA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 753‑square‑foot, one‑bedroom, one‑bath condo; Top‑floor unit backing to trees; HVAC installed October 2022
