Residential Condominium with River
440 BELMONT BAY DRIVE Unit 404, Woodbridge, VA 22191
For Sale
$675,000
The top-floor residence includes two bedrooms, two baths, a study, and an eat-in kitchen.
Property Size1,997 SF
Price / SF$338.01
Days on Market137
Property Features for 440 BELMONT BAY DRIVE Unit 404
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
garden balcony
tennis
swimming
walking trail
kayak launch
wildlife sanctuary
marina
restaurant
yoga classes
storage closet
Building Details
Building Size
Year Built
Listing Agency:
Century 21 Redwood Realty
Listed By:
Deborah Mullan · License #0225212181
(703) 244-9481
Source:
Irvinrealtyllc
Added: Jun 26
Changed: Nov 8
Last Checked: Nov 8 at 8:34PM
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 Century 21 Redwood Realty
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Investment Insights
Based on property information with market context.
Set on the top floor, this 1,997-square-foot condominium has two bedrooms, two full baths, a separate study, and an open living and dining area. The eat-in kitchen features cherry cabinetry, granite counters, an island, stainless steel appliances, and a pantry. A balcony and a windowed living-room nook face the Occoquan River. The primary suite offers two walk-in closets and an en suite bath with a jetted tub. A second full bath, in-unit washer and dryer, and two garage parking spaces are also included. The residence was built in 2004 and has new paint and carpeting.
Belmont Bay amenities include a swimming pool, tennis, a walking trail, kayak launch, marina, and wildlife sanctuary. The trail runs behind the building; boats and slips are available at the marina.
Belmont Bay amenities include a swimming pool, tennis, a walking trail, kayak launch, marina, and wildlife sanctuary. The trail runs behind the building; boats and slips are available at the marina.
Key Highlights
- 1,997‑square‑foot, top‑floor condominium with Occoquan River views
- Two bedrooms, two full baths, and a separate study
- Eat‑in kitchen with cherry cabinets, granite counters, island, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,848
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,960
$537.0K
Cap Rate 7%
$383,543
$383.5K
Cap Rate 9%
$298,311
$298.3K
Market Conditions
NOI Build-Up for 1,997 SF
Gross rent
$50.3K $25.20/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$48.8K $24.44/SF
− OpEx
−$22.0K −$11.00/SF
NOI
$26.8K $13.44/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,960
Cap Rate 7%
$383,543
Cap Rate 9%
$298,311
Alternative Uses
Best Use
Apartment 5plus
$383.5K
$335.6K – $447.5K
NOI $26,848 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$586.5K
$513.2K – $684.2K
NOI $41,054 @ 7.0% cap · market cap 6.08%
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
68
Businesses Nearby
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Business Placement
Demographics for 22191, VA
74,189
Population
26,127
Households
2.8
Avg Household Size
34
Median Age
39%
College-Educated
87%
High-School Grad
15.4 sq mi
ZIP Area
4,817
Density / Sq Mi
$107,993
Median Household Income
$49,388
Median Earnings
$2,069
Median Rent
$432,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The top-floor residence includes two bedrooms, two baths, a study, and an eat-in kitchen.
Where is this residential income property located?
The property is located at 440 BELMONT BAY DRIVE Unit 404 Woodbridge, VA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,997‑square‑foot, top‑floor condominium with Occoquan River views; Two bedrooms, two full baths, and a separate study; Eat‑in kitchen with cherry cabinets, granite counters, island, and stainless steel appliances
