Residential Income Property with
For Sale
$530,000
485 HARBOR SIDE STREET Unit 206, Woodbridge, VA 22191
A two-bedroom condominium pairs an open living and dining area with two reserved garage spaces and community amenities.
Property Size2,082 SF
Price / SF$254.56
Days on Market145
Property Features for 485 HARBOR SIDE STREET Unit 206
General Information
Standard status
Active
Size
2,082 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,382
Amenities
outdoor pool
fitness center
club room
tennis courts
waterfront pavilion
walking trails
tot lots
year-round community events
Building Details
Building Size
2,082 SF
Year Built
2005
Listing Agency:
Redfin Corp
Listed By:
Mandy Kaur · License #VA0225244790
(571) 278-8008
Source:
Irvinrealtyllc
Added: Jun 6
Changed: Oct 27
Last Checked: Oct 27 at 3:48AM
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 Redfin Corp
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Investment Insights
Based on property information with market context.
This 2,082-square-foot condominium in the Harbor View building has two bedrooms and two full bathrooms, with the bedrooms positioned on opposite sides of the home. The open living and dining areas connect to an expansive balcony. Interior features include hardwood floors, extensive cabinetry, updated countertops, stainless steel appliances, an office nook, and a primary suite with walk-in closets, dual vanities, a soaking tub, and a separate shower. The HVAC system and hot water heater have been updated. Built in 2005, the elevator-served building is on the second floor of the residence.
The property is one block from Belmont Bay Harbor. The community entrance is near the VRE station, with I-95, Route 1, and I-395 a short drive away. Residents have access to two reserved garage parking spaces, an outdoor pool, fitness center, club room, tennis courts, waterfront pavilion, walking trails, and tot lots. The condo fee covers all utilities except electricity.
The property is one block from Belmont Bay Harbor. The community entrance is near the VRE station, with I-95, Route 1, and I-395 a short drive away. Residents have access to two reserved garage parking spaces, an outdoor pool, fitness center, club room, tennis courts, waterfront pavilion, walking trails, and tot lots. The condo fee covers all utilities except electricity.
Key Highlights
- 2,082‑square‑foot condominium with 2 bedrooms and 2 full bathrooms
- Expansive balcony and bedrooms on opposite sides of the home
- Two reserved garage parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,991
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,820
$559.8K
Cap Rate 7%
$399,871
$399.9K
Cap Rate 9%
$311,011
$311.0K
Market Conditions
NOI Build-Up for 2,082 SF
Gross rent
$52.5K $25.20/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$50.9K $24.44/SF
− OpEx
−$22.9K −$11.00/SF
NOI
$28.0K $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%
$559,820
Cap Rate 7%
$399,871
Cap Rate 9%
$311,011
Alternative Uses
Best Use
Apartment 5plus
$399.9K
$349.9K – $466.5K
NOI $27,991 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$611.4K
$535.0K – $713.4K
NOI $42,801 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
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 - A two-bedroom condominium pairs an open living and dining area with two reserved garage spaces and community amenities.
Where is this residential income property located?
The property is located at 485 HARBOR SIDE STREET Unit 206 Woodbridge, VA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 2,082‑square‑foot condominium with 2 bedrooms and 2 full bathrooms; Expansive balcony and bedrooms on opposite sides of the home; Two reserved garage parking spaces
