Residential Income Property with
For Sale
$414,900
Pending
485 HARBOR SIDE STREET Unit 204, Woodbridge, VA 22191
The condo features engineered hardwood floors, fresh interior paint, new appliances, and access to a community center and gym.
Property Size1,687 SF
Days on Market62
Property Features for 485 HARBOR SIDE STREET Unit 204
General Information
Standard status
Pending
Size
1,687 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,741
Amenities
terrace
community center
gym
Building Details
Building Size
1,687 SF
Year Built
2005
Listing Agency:
Integrity Real Estate Group
Listed By:
Mary M Calderwood · License #0225071242
(703) 401-3381
Source:
Irvinrealtyllc
Added: Aug 28
Changed: Oct 27
Last Checked: Oct 27 at 3:52AM
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 Integrity Real Estate Group
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Investment Insights
Based on property information with market context.
This 2005 residential condo offers 1,687 square feet of living space and a terrace measuring nearly 600 square feet. The interior has engineered hardwood floors, fresh paint on the walls, doors, and trim, and new, unused appliances. The unit also has a newer HVAC system and an assigned parking space.
Residents have access to a community center and gym, and the harbor is a short walk away.
Residents have access to a community center and gym, and the harbor is a short walk away.
Key Highlights
- 1,687‑square‑foot condo with a terrace measuring nearly 600 square feet
- Engineered hardwood floors and fresh paint on walls, doors, and trim
- New, unused appliances and a newer HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,680
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,600
$453.6K
Cap Rate 7%
$324,000
$324.0K
Cap Rate 9%
$252,000
$252.0K
Market Conditions
NOI Build-Up for 1,687 SF
Gross rent
$42.5K $25.20/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$41.2K $24.44/SF
− OpEx
−$18.6K −$11.00/SF
NOI
$22.7K $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%
$453,600
Cap Rate 7%
$324,000
Cap Rate 9%
$252,000
Alternative Uses
Best Use
Apartment 5plus
$324.0K
$283.5K – $378.0K
NOI $22,680 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$495.4K
$433.5K – $578.0K
NOI $34,681 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
86
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 condo features engineered hardwood floors, fresh interior paint, new appliances, and access to a community center and gym.
Where is this residential income property located?
The property is located at 485 HARBOR SIDE STREET Unit 204 Woodbridge, VA.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: 1,687‑square‑foot condo with a terrace measuring nearly 600 square feet; Engineered hardwood floors and fresh paint on walls, doors, and trim; New, unused appliances and a newer HVAC system
