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Live-Work Condo Unit with 9-Foot Ceilings
For Sale
$240,000

4600 DUKE Street, Alexandria, VA 22304

Commercial Sale - ALEXANDRIA, VA

Property Size1,140 SF
Price / SF$210.53
Days on Market27

Property Features for 4600 DUKE Street

General Information

Property type Other
Property subtype Office
Parking 300
Parking features Parking Lot, Special Needs
Subdivision FORTY SIX HUNDRED
Elementary school PATRICK HENRY
Middle school FRANCIS C HAMMOND
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

Taxes and HOA fees

Tax Annual Amount 2811

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1967
Number of units 450
Building materials Brick
Listing Agency: Century 21 Redwood Realty · Century 21 Real Estate
Listed By: WAI LUN L LEUNG · License #0225204506
Added: Jul 10 Changed: Jul 17 Last Checked: Aug 5 at 5:06AM
MLS# VAAX2063918

Copyright © 2026 Bright MLS. 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.

Welcome to Unit 413 at the Forty Six Hundred condominium community. This 1,140-square-foot live-work space is zoned RC (Residential-Commercial) and offers a flexible layout for full residential occupancy, professional office use, or an integrated live/work configuration (details available through your agent). The unit features 9-foot ceilings, original hardwood floors, and large windows providing natural light and city views. An open-concept central space can support either everyday living arrangements or a reception-focused setup with multiple workstations. A primary room accommodates a full residential bedroom set or a private principal office, while the secondary room can serve as a second bedroom, conference room, or private consultation space. A full bathroom with ceramic tile completes the interior.

Located in the established Seminary Hill neighborhood at 4600 Duke Street in Alexandria, the building includes five elevators, a secure lobby with 24/7 concierge service, a dedicated storage unit, and permit parking. The association fee covers primary utilities including electricity, heating, cooling, gas, water, sewer, and trash disposal. Day-to-day convenience is supported by an ALDI grocery store right outside the building and the Foxchase Shopping Center directly across the street, featuring a 24-hour Harris Teeter, CVS Pharmacy, and multiple dining options. Outdoor access includes direct connectivity to the Holmes Run Trail and the Ben Brenman Park lakeside walking paths immediately behind the complex.

For commuting and client access, bus service stops at the property, and Van Dorn Street and Eisenhower Ave Metro Station are listed as less than 3 miles away. Interstate 395 is accessible via Exit 3A, and Reagan National Airport is listed as under 10 miles.

Key Highlights

  • 1,140 finished SF condo unit with 2 bedrooms and 1 full bathroom in the Forty Six Hundred condominium community
  • RC (Residential‑Commercial Mixed‑Use) zoning allowing residential occupancy, commercial business operations, or live/work use
  • 9‑foot ceilings and original hardwood floors with large windows for natural light and city views

Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $34.2k $30.00
− Vacancy −$2.4k −$2.10
EGI $31.8k $27.90
− OpEx −$11.9k −$10.46
NOI $19.9k $17.44
1,140 SF · lease $30.00/SF/yr · vacancy 7.00% · expense 37.50%

Alternative Uses

Best Use
Mixed Use
$284.0K
$248.5K – $331.3K (±1% cap)
NOI $19,879 @ 7.0% cap · market cap 8.28%
Second Best
Office B
$218.1K
$190.8K – $254.4K (±1% cap)
NOI $15,264 @ 7.0% cap · market cap 6.36%
Theoretical Best
Specialty Retail
$633.2K
$554.0K – $738.7K (±1% cap)
NOI $44,323 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

4600 Duke Street ... Condominium Complex 1 800 Bondsman Law Firm Alexandria Firefighters Inc Advocacy Group Bethesda Natural Pain ... Physician Queen braiding hair ... Hair Salon

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9 ft
Clear height

Location Intelligence

Trade Area within ½ mile

1,061
Businesses Nearby

Demographics for 22304, VA

49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Live-work space - Unit 413 offers 1,140 finished sq. ft., two flexible rooms, and a tiled full bathroom in a RC-zoned building.
Where is this live-work space located?
The property is located at 4600 DUKE Street Alexandria, VA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,140 finished SF condo unit with 2 bedrooms and 1 full bathroom in the Forty Six Hundred condominium community; RC (Residential‑Commercial Mixed‑Use) zoning allowing residential occupancy, commercial business operations, or live/work use; 9‑foot ceilings and original hardwood floors with large windows for natural light and city views
More about this property
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