Two-Bedroom Residential Income
For Sale
$405,000
106 ROBERTS LANE Unit 201, Alexandria, VA 22314
Condominium with a private tree-facing balcony, in-unit laundry, reserved parking, and access to community amenities.
Property Size1,118 SF
Price / SF$364.86
Days on Market55
Property Features for 106 ROBERTS LANE Unit 201
General Information
Standard status
Active
Size
1,118 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,413
Amenities
private balcony
in-unit laundry
community pool
community room
tennis court
picnic area
Building Details
Building Size
1,118 SF
Year Built
1970
Listing Agency:
Weichert, REALTORS
Listed By:
Leslie J Rodriguez · License #0225143663
(703) 400-3010
Source:
Dcmetrorealtyteam
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 5 at 10:22PM
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 Weichert, REALTORS
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium at Fort Ellsworth offers 1,110 square feet of living space, with connected living and dining areas opening to a private balcony facing mature trees. The residence also includes in-unit laundry, generous closet space, and reserved parking space #46. Built in 1970, the property provides a practical residential configuration within an established community.
Community amenities include a pool, room for resident gatherings, tennis court, and picnic area. The condo fee covers heat, air conditioning, water, sewer, and trash service. King Street Metro, VRE, Old Town Alexandria, waterfront parks, restaurants, boutique shopping, and major commuter routes are all identified as nearby, while the property remains set within a landscaped residential environment.
Community amenities include a pool, room for resident gatherings, tennis court, and picnic area. The condo fee covers heat, air conditioning, water, sewer, and trash service. King Street Metro, VRE, Old Town Alexandria, waterfront parks, restaurants, boutique shopping, and major commuter routes are all identified as nearby, while the property remains set within a landscaped residential environment.
Key Highlights
- 1,110‑square‑foot condominium with two bedrooms and two full bathrooms
- Private balcony overlooking mature trees
- In‑unit laundry and reserved parking space #46
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,015
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,300
$340.3K
Cap Rate 7%
$243,071
$243.1K
Cap Rate 9%
$189,056
$189.1K
Market Conditions
NOI Build-Up for 1,110 SF
Gross rent
$32.6K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.9K $27.87/SF
− OpEx
−$13.9K −$12.54/SF
NOI
$17.0K $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%
$340,300
Cap Rate 7%
$243,071
Cap Rate 9%
$189,056
Alternative Uses
Best Use
Apartment 5plus
$243.1K
$212.7K – $283.6K
NOI $17,015 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$616.5K
$539.5K – $719.3K
NOI $43,157 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,202
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium with a private tree-facing balcony, in-unit laundry, reserved parking, and access to community amenities.
Where is this residential income property located?
The property is located at 106 ROBERTS LANE Unit 201 Alexandria, VA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 1,110‑square‑foot condominium with two bedrooms and two full bathrooms; Private balcony overlooking mature trees; In‑unit laundry and reserved parking space #46
