Residential Income Property with
For Sale
$345,000
820 BELMONT BAY DRIVE Unit 303, Woodbridge, VA 22191
The 2005 residence includes an open layout, updated kitchen and baths, and access to community amenities.
Property Size1,219 SF
Price / SF$283.02
Days on Market197
Property Features for 820 BELMONT BAY DRIVE Unit 303
General Information
Standard status
Active
Size
1,219 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,053
Amenities
pool
parks
walking trails
updated kitchen
updated baths
stainless steel appliances
fireplace
Building Details
Building Size
1,219 SF
Year Built
2005
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Jaqueline Rajabi
(804) 683-5124
Source:
Irvinrealtyllc
Added: Apr 22
Changed: Oct 31
Last Checked: Nov 3 at 7:49AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Unit 303 is a 1,219-square-foot residence with an open layout, a primary suite, a den, and an additional half bedroom. The kitchen and baths have been updated, and stainless steel appliances are included. The fireplace, chimney, and flue convey in their current condition. Decorative mirrors in the entryway, den, and primary bedroom will be removed before settlement.
River Club 1 offers parks, walking trails, and a pool. The property is near the Occoquan River, shopping, dining, and commuter routes to Washington, D.C.
River Club 1 offers parks, walking trails, and a pool. The property is near the Occoquan River, shopping, dining, and commuter routes to Washington, D.C.
Key Highlights
- 1,219‑square‑foot residence with an open layout
- Primary suite, den, and additional half bedroom
- Updated kitchen and baths 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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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
389
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 2005 residence includes an open layout, updated kitchen and baths, and access to community amenities.
Where is this residential income property located?
The property is located at 820 BELMONT BAY DRIVE Unit 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 residence with an open layout; Primary suite, den, and additional half bedroom; Updated kitchen and baths with stainless steel appliances
