Two-Bedroom
For Sale
$279,900
3901 LYNDHURST DRIVE Unit 201, Fairfax, VA 22031
Second-floor layout includes separate dining space, community laundry, and access to a pool.
Property Size875 SF
Price / SF$319.89
Days on Market119
Property Features for 3901 LYNDHURST DRIVE Unit 201
General Information
Standard status
Active
Size
875 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,240
Amenities
community pool
common laundry facilities
additional storage
Building Details
Building Size
875 SF
Year Built
1964
Listing Agency:
Compass
Listed By:
Paul A Gonzalez · License #0225090025
(571) 233-9669
Source:
Jackrealtygroup
Added: Jul 1
Changed: Oct 26
Last Checked: Oct 26 at 3:53PM
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
Based on property information with market context.
This 875-square-foot condominium in Fairfax has two bedrooms and one bathroom on the second floor. The interior includes a separate dining area alongside the kitchen and living room. One assigned parking space and additional storage are included, with common laundry facilities available in the community.
The association covers gas heat, hot water, water, sewer, trash service, and exterior maintenance. Residents also have access to a community pool. The property is near Mosaic District, Fair City Mall, Trader Joe’s, restaurants, shopping, major commuter routes, and public transportation.
The association covers gas heat, hot water, water, sewer, trash service, and exterior maintenance. Residents also have access to a community pool. The property is near Mosaic District, Fair City Mall, Trader Joe’s, restaurants, shopping, major commuter routes, and public transportation.
Key Highlights
- 875‑square‑foot, two‑bedroom, one‑bath condominium
- Second‑floor unit with separate dining area
- One assigned parking space and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,098
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,960
$262.0K
Cap Rate 7%
$187,114
$187.1K
Cap Rate 9%
$145,533
$145.5K
Market Conditions
NOI Build-Up for 875 SF
Gross rent
$25.2K $28.80/SF
− Vacancy
−$1.4K −$1.58/SF
EGI
$23.8K $27.22/SF
− OpEx
−$10.7K −$12.25/SF
NOI
$13.1K $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%
$261,960
Cap Rate 7%
$187,114
Cap Rate 9%
$145,533
Alternative Uses
Best Use
Apartment 5plus
$187.1K
$163.7K – $218.3K
NOI $13,098 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.67M
$3.21M – $4.28M
NOI $256,745 @ 7.0% cap · market cap 91.73%
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
833
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor layout includes separate dining space, community laundry, and access to a pool.
Where is this residential income property located?
The property is located at 3901 LYNDHURST DRIVE Unit 201 Fairfax, VA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 875‑square‑foot, two‑bedroom, one‑bath condominium; Second‑floor unit with separate dining area; One assigned parking space and additional storage
