Residential Income Property with
New
For Sale
$439,900
101 SKYHILL ROAD Unit 303, Alexandria, VA 22314
The residence combines two bedrooms and a den with an open living area, in-unit laundry, and access to community amenities.
Property Size1,083 SF
Price / SF$406.19
Days on Market5
Property Features for 101 SKYHILL ROAD Unit 303
General Information
Standard status
Active
Size
1,083 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,335
Amenities
exercise room
private balcony
in-unit washer and dryer
Building Details
Building Size
1,083 SF
Year Built
1959
Listing Agency:
Pearson Smith Realty, LLC
Listed By:
Anitza Sanchez · License #0225272042
(202) 679-5668
Source:
Dcmetrorealtyteam
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:30PM
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 Pearson Smith Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,083-square-foot residence has two bedrooms, a den, exposed wood beams, and an open living and dining area. The kitchen includes upgraded countertops, stainless steel appliances, an island, and a pantry. A walk-in closet with cedar-lined walls serves the primary bedroom. The Jack-and-Jill-style bathroom has separate vanity and toilet areas, a soaking tub, and a rainfall shower. The unit also features an in-unit washer and dryer, a private balcony, and HVAC replaced in June 2024. The building dates to 1959, and community amenities include reserved parking and an exercise room. The condo fee covers exterior maintenance, snow removal, trash, water, gas, and common-area upkeep.
The property is less than a mile from Whole Foods and Giant, with Wegmans a four-minute drive away. Angel Park is one block away; King St Metro is just over a mile away, and Old Town Alexandria is approximately 2.5 miles away. The remarks also note access to the Pentagon, Navy Yard, Amazon, Washington, DC, Reagan National Airport, and major commuter routes.
The property is less than a mile from Whole Foods and Giant, with Wegmans a four-minute drive away. Angel Park is one block away; King St Metro is just over a mile away, and Old Town Alexandria is approximately 2.5 miles away. The remarks also note access to the Pentagon, Navy Yard, Amazon, Washington, DC, Reagan National Airport, and major commuter routes.
Key Highlights
- 1,083 square feet with two bedrooms and a den
- Private balcony, exposed wood beams, and open living and dining area
- Kitchen features upgraded countertops, stainless steel appliances, island, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,601
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,020
$332.0K
Cap Rate 7%
$237,157
$237.2K
Cap Rate 9%
$184,456
$184.5K
Market Conditions
NOI Build-Up for 1,083 SF
Gross rent
$31.8K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.2K $27.87/SF
− OpEx
−$13.6K −$12.54/SF
NOI
$16.6K $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%
$332,020
Cap Rate 7%
$237,157
Cap Rate 9%
$184,456
Alternative Uses
Best Use
Apartment 5plus
$237.2K
$207.5K – $276.7K
NOI $16,601 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$601.5K
$526.3K – $701.8K
NOI $42,107 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,403
Businesses Nearby
Explore this area
Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence combines two bedrooms and a den with an open living area, in-unit laundry, and access to community amenities.
Where is this residential income property located?
The property is located at 101 SKYHILL ROAD Unit 303 Alexandria, VA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 1,083 square feet with two bedrooms and a den; Private balcony, exposed wood beams, and open living and dining area; Kitchen features upgraded countertops, stainless steel appliances, island, and pantry
