Residential Income Property with Courtyard
For Sale
$289,000
3105 MARTHA CUSTIS DR, Alexandria, VA 22302
ALEXANDRIA, VA
Property Size805 SF
Price / SF$359.01
Days on Market10
Property Features for 3105 MARTHA CUSTIS DR
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1
Subdivision
PARKFAIRFAX
Elementary school
CHARLES BARRETT
High school
ALEXANDRIA CITY
Elementary school district
ALEXANDRIA CITY PUBLIC SCHOOLS
Middle school district
ALEXANDRIA CITY PUBLIC SCHOOLS
High school district
ALEXANDRIA CITY PUBLIC SCHOOLS
Standard status
Active
Amenities
swimming pools
tennis courts
pickleball
outdoor concerts
Building Details
Year built
1941
Listing Agency:
Vienna/Tysons
(703) 938-4200
Listed By:
Sarah Harrington
(703) 623-7010
Added: Sep 27
Changed: Oct 6
Last Checked: Oct 6 at 4:06PM
MLS# VAAX2066844
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.
Investment Insights
Based on property information with market context.
This second-floor Monroe residence offers approximately 805 square feet, one bedroom with two closets, and a full bathroom. Recent interior work includes fresh paint and new kitchen flooring; the home also has updated windows, hardwood parquet floors, and courtyard views. The property was built in 1941.
ParkFairfax residents have access to three swimming pools, tennis courts, pickleball courts, and outdoor concerts. A DASH bus stop is steps from the unit, with Mark Center, Potomac Yard, and the Pentagon described as minutes away. Safeway and Fresh Market are within walking distance, and Shirlington is about a mile away. Street parking is available.
ParkFairfax residents have access to three swimming pools, tennis courts, pickleball courts, and outdoor concerts. A DASH bus stop is steps from the unit, with Mark Center, Potomac Yard, and the Pentagon described as minutes away. Safeway and Fresh Market are within walking distance, and Shirlington is about a mile away. Street parking is available.
Key Highlights
- Approximately 805 square feet with one bedroom, two closets, and a full bathroom
- Second‑story Monroe unit with courtyard views
- Three community swimming pools, tennis courts, and pickleball
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,340
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,800
$246.8K
Cap Rate 7%
$176,286
$176.3K
Cap Rate 9%
$137,111
$137.1K
Market Conditions
NOI Build-Up for 805 SF
Gross rent
$23.7K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.4K $27.87/SF
− OpEx
−$10.1K −$12.54/SF
NOI
$12.3K $15.33/SF
Area
Alexandria, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,800
Cap Rate 7%
$176,286
Cap Rate 9%
$137,111
Alternative Uses
Best Use
Apartment 5plus
$176.3K
$154.3K – $205.7K
NOI $12,340 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$447.1K
$391.2K – $521.6K
NOI $31,298 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Explore this area
Business Placement
Demographics for 22302, VA
17,972
Population
9,660
Households
1.9
Avg Household Size
38
Median Age
70%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
7,814
Density / Sq Mi
$127,037
Median Household Income
$83,782
Median Earnings
$2,039
Median Rent
$630,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A second-floor, one-bedroom residence has updated windows, refreshed kitchen flooring, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 3105 MARTHA CUSTIS DR Alexandria, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Approximately 805 square feet with one bedroom, two closets, and a full bathroom; Second‑story Monroe unit with courtyard views; Three community swimming pools, tennis courts, and pickleball
