Two-Bedroom Condominium with
For Sale
$399,900
3921 PENDERVIEW DRIVE Unit 1828, Fairfax, VA 22033
Second-floor residence includes two en-suite bathrooms, in-unit laundry, and a private outdoor space.
Property Size1,070 SF
Price / SF$373.74
Days on Market48
Property Features for 3921 PENDERVIEW DRIVE Unit 1828
General Information
Standard status
Active
Size
1,070 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$4,484
Amenities
swimming pools
fitness centers
basketball courts
tennis courts
discounted golf rates at Penderbrook Golf Club
pet-friendly community
Building Details
Building Size
1,070 SF
Year Built
1988
Listing Agency:
REAL Realty
Listed By:
Catoctin Properties
(703) 340-8986
Source:
Catoctinproperties
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 26 at 2:08PM
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 REAL Realty
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 second-floor condominium offers 1,070 square feet with two bedrooms and two full bathrooms, each serving a bedroom. The living and dining areas connect to a kitchen with granite countertops, a center island, stainless steel appliances, and a pantry. A wood-burning fireplace anchors the living room, while a sliding glass door opens to a private balcony with a storage closet. The residence also has a separate laundry area with a full-size washer and dryer, engineered hardwood flooring, and one assigned parking space, #449.
Community facilities include two swimming pools, two fitness centers, basketball and tennis courts, and access to discounted golf rates at Penderbrook Golf Club. Water is included in the condo fee. The property was built in 1988.
Community facilities include two swimming pools, two fitness centers, basketball and tennis courts, and access to discounted golf rates at Penderbrook Golf Club. Water is included in the condo fee. The property was built in 1988.
Key Highlights
- 1,070‑square‑foot, two‑bedroom condominium with two full bathrooms
- Private balcony and additional storage closet
- Kitchen features granite countertops, center island, stainless steel appliances, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,017
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,340
$320.3K
Cap Rate 7%
$228,814
$228.8K
Cap Rate 9%
$177,967
$178.0K
Market Conditions
NOI Build-Up for 1,070 SF
Gross rent
$30.8K $28.80/SF
− Vacancy
−$1.7K −$1.58/SF
EGI
$29.1K $27.22/SF
− OpEx
−$13.1K −$12.25/SF
NOI
$16.0K $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%
$320,340
Cap Rate 7%
$228,814
Cap Rate 9%
$177,967
Alternative Uses
Best Use
Apartment 5plus
$228.8K
$200.2K – $267.0K
NOI $16,017 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.49M
$3.92M – $5.23M
NOI $313,962 @ 7.0% cap · market cap 78.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,506
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
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 - Second-floor residence includes two en-suite bathrooms, in-unit laundry, and a private outdoor space.
Where is this residential income property located?
The property is located at 3921 PENDERVIEW DRIVE Unit 1828 Fairfax, VA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,070‑square‑foot, two‑bedroom condominium with two full bathrooms; Private balcony and additional storage closet; Kitchen features granite countertops, center island, stainless steel appliances, and pantry
