Residential Income Property with River
For Sale
$365,000
830 BELMONT BAY DRIVE Unit 303, Woodbridge, VA 22191
The condominium includes protected parking below the building, hardwood floors, and granite finishes.
Property Size1,219 SF
Price / SF$299.43
Days on Market44
Property Features for 830 BELMONT BAY DRIVE Unit 303
General Information
Standard status
Active
Size
1,219 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,496
Amenities
expansive views of the park and Occoquan River
secure parking under the building
hardwoods
granite
Building Details
Building Size
1,219 SF
Year Built
2005
Listing Agency:
Samson Properties
Listed By:
David D Luckenbaugh · License #0225077201
(703) 680-2631
Source:
Irvinrealtyllc
Added: Sep 15
Changed: Oct 27
Last Checked: Oct 27 at 3:40AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 2005 condominium offers views of a park and the Occoquan River. Interior features include hardwood flooring and granite finishes, with secure parking located beneath the building.
Commuter options include VRE train service and direct rush-hour bus service. The property also has access to I-95.
Commuter options include VRE train service and direct rush-hour bus service. The property also has access to I-95.
Key Highlights
- Views toward the Occoquan River and a park
- Secure parking beneath the building
- Hardwood floors and granite finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,388
Cap Rate
4.49%
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 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$358.0K
$313.3K – $417.7K
NOI $25,060 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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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 - The condominium includes protected parking below the building, hardwood floors, and granite finishes.
Where is this residential income property located?
The property is located at 830 BELMONT BAY DRIVE Unit 303 Woodbridge, VA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Views toward the Occoquan River and a park; Secure parking beneath the building; Hardwood floors and granite finishes
