Updated Residential Income
For Sale
$345,000
820 BELMONT BAY DR #303, Woodbridge, VA 22191
WOODBRIDGE, VA
Property Size1,219 SF
Price / SF$283.02
Days on Market182
Property Features for 820 BELMONT BAY DR #303
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1
Subdivision
RIVER CLUB
Elementary school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
Middle school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
High school district
PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
Standard status
Active
Amenities
pool
parks
walking trails
stainless steel appliances
fireplace
Building Details
Year built
2005
Listing Agency:
Woodbridge/Prince William Parkway
(703) 986-5700
Listed By:
Jackie Rajabi
Added: Apr 22
Changed: Sep 27
Last Checked: Oct 20 at 11:06PM
MLS# VAPW2117940
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Unit 303 is a residential income property within River Club 1, built in 2005. The 1,219-square-foot residence has an open interior arrangement with a primary suite, den, and additional half bedroom. An updated kitchen with stainless steel appliances complements updated bathrooms, while the fireplace, chimney, and flue convey in their current as-is condition.
The property is located at 820 Belmont Bay Dr #303 in Woodbridge, Virginia, near the Occoquan River. Community amenities include parks, walking trails, and a pool, with shopping, dining, and major commuter routes to Washington, D.C. nearby. Decorative mirrors in the entryway, den, and primary bedroom will be removed by the seller before settlement.
The property is located at 820 Belmont Bay Dr #303 in Woodbridge, Virginia, near the Occoquan River. Community amenities include parks, walking trails, and a pool, with shopping, dining, and major commuter routes to Washington, D.C. nearby. Decorative mirrors in the entryway, den, and primary bedroom will be removed by the seller before settlement.
Key Highlights
- 1,219‑square‑foot Unit 303 in River Club 1
- Open layout with primary suite, den, and additional half bedroom
- Updated kitchen and bathrooms with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,388
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,760
$327.8K
Cap Rate 7%
$234,114
$234.1K
Cap Rate 9%
$182,089
$182.1K
Market Conditions
NOI Build-Up for 1,219 SF
Gross rent
$30.7K $25.20/SF
− Vacancy
−$922 −$0.76/SF
EGI
$29.8K $24.44/SF
− OpEx
−$13.4K −$11.00/SF
NOI
$16.4K $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%
$327,760
Cap Rate 7%
$234,114
Cap Rate 9%
$182,089
Alternative Uses
Best Use
Apartment 5plus
$234.1K
$204.9K – $273.1K
NOI $16,388 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$358.0K
$313.3K – $417.7K
NOI $25,060 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
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 - Unit 303 features an open layout, updated kitchen and baths, and flexible space for guests or a home office.
Where is this residential income property located?
The property is located at 820 BELMONT BAY DR #303 Woodbridge, VA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,219‑square‑foot Unit 303 in River Club 1; Open layout with primary suite, den, and additional half bedroom; Updated kitchen and bathrooms with stainless steel appliances
