Residential Income Property with
For Sale
$340,000
3846 LYNDHURST DRIVE Unit 102, Fairfax, VA 22031
Updated three-bedroom condo with a covered ground-level patio and renovated kitchen and baths.
Property Size1,006 SF
Price / SF$337.97
Days on Market15
Property Features for 3846 LYNDHURST DRIVE Unit 102
General Information
Standard status
Active
Size
1,006 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,577
Amenities
pool
clubhouse
grill and picnic area
playground
basketball courts
car wash area
storage
laundry facilities
Building Details
Building Size
1,006 SF
Year Built
1964
Listing Agency:
The Spinosa Group, LLC
Listed By:
Matthew Spinosa · License #0225046396
(703) 380-6708
Source:
Canopy-re
Added: Oct 13
Changed: Oct 26
Last Checked: Oct 26 at 12:44PM
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 The Spinosa Group, 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 1,006-square-foot, three-bedroom, two-bath condo was built in 1964 and updated within the last two years. Interior improvements include fresh paint, LVP flooring in the living room and bedrooms, and tile in the kitchen and dining area. The renovated kitchen has granite counters, gas cooking, updated appliances, shaker-style cabinetry, and a tile backsplash. A built-in buffet with open shelving and a coffee bar nook remains in the dining area. The living room opens to a covered patio at ground level, with mature trees beyond. Both bathrooms have been updated, including a walk-in shower, and the HVAC was updated one year ago.
Laundry facilities and separate storage are directly across from the unit. Parking includes a reserved space, an open-space pass, and a guest pass. Community amenities include a pool, clubhouse, grill and picnic area, playground, basketball courts, and a car wash area. The condo fee covers all utilities except electricity.
The property is near Fair City Mall, Downtown City of Fairfax, grocery stores, restaurants, parks, and trails. Public transportation, I-66, I-495, and Route 50 are accessible nearby; Reagan National and Dulles airports are about 25 minutes away.
Laundry facilities and separate storage are directly across from the unit. Parking includes a reserved space, an open-space pass, and a guest pass. Community amenities include a pool, clubhouse, grill and picnic area, playground, basketball courts, and a car wash area. The condo fee covers all utilities except electricity.
The property is near Fair City Mall, Downtown City of Fairfax, grocery stores, restaurants, parks, and trails. Public transportation, I-66, I-495, and Route 50 are accessible nearby; Reagan National and Dulles airports are about 25 minutes away.
Key Highlights
- Three‑bedroom, two‑bath condo with 1,006 square feet
- Kitchen renovation includes granite counters, gas cooking, updated appliances, and a built‑in dining‑area buffet
- Covered ground‑level patio overlooks mature trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,059
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,180
$301.2K
Cap Rate 7%
$215,129
$215.1K
Cap Rate 9%
$167,322
$167.3K
Market Conditions
NOI Build-Up for 1,006 SF
Gross rent
$29.0K $28.80/SF
− Vacancy
−$1.6K −$1.58/SF
EGI
$27.4K $27.22/SF
− OpEx
−$12.3K −$12.25/SF
NOI
$15.1K $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%
$301,180
Cap Rate 7%
$215,129
Cap Rate 9%
$167,322
Alternative Uses
Best Use
Apartment 5plus
$215.1K
$188.2K – $251.0K
NOI $15,059 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.22M
$3.69M – $4.92M
NOI $295,183 @ 7.0% cap · market cap 86.82%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
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
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 - Updated three-bedroom condo with a covered ground-level patio and renovated kitchen and baths.
Where is this residential income property located?
The property is located at 3846 LYNDHURST DRIVE Unit 102 Fairfax, VA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath condo with 1,006 square feet; Kitchen renovation includes granite counters, gas cooking, updated appliances, and a built‑in dining‑area buffet; Covered ground‑level patio overlooks mature trees
