Updated Residential Income
For Sale
$239,900
1225 MARTHA CUSTIS DRIVE Unit 810, Alexandria, VA 22302
Interior improvements accompany shared recreation, concierge service, and utilities covered by the condo fee.
Property Size815 SF
Price / SF$294.36
Days on Market140
Property Features for 1225 MARTHA CUSTIS DRIVE Unit 810
General Information
Standard status
Active
Size
815 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Ridge/Rosemont
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,137
Amenities
swimming pool
tennis courts
basketball courts
party room
concierge service
exterior storage
Building Details
Building Size
815 SF
Year Built
1980
Year Renovated
2026
Listing Agency:
EXP Realty, LLC
Listed By:
Michael A Korin · License #0225068197
(703) 216-8467
Source:
Jackrealtygroup
Added: Jun 11
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 815-square-foot residence, built in 1980, has undergone extensive interior work. Updates include kitchen cabinetry and countertops, stainless steel appliances, gas cooking, a built-in microwave, and luxury vinyl plank flooring. The bathroom features a double vanity and updated tile, while fresh paint, replacement doors and trim, new lighting, electrical fixtures, and built-in closet shelving complete the improvements. The home faces south and has large windows.
Residents have access to a swimming pool, tennis and basketball courts, a party room, concierge service, and exterior storage on the main level. The condo fee includes utilities, and the concierge accepts package deliveries. Shirlington is a 15-minute walk via a pedestrian bridge; National Airport, Washington, DC, and major commuter routes are nearby. The building is approved for VA and FHA financing.
Residents have access to a swimming pool, tennis and basketball courts, a party room, concierge service, and exterior storage on the main level. The condo fee includes utilities, and the concierge accepts package deliveries. Shirlington is a 15-minute walk via a pedestrian bridge; National Airport, Washington, DC, and major commuter routes are nearby. The building is approved for VA and FHA financing.
Key Highlights
- 815‑square‑foot residence built in 1980
- Renovated kitchen with stainless steel appliances, gas cooking, and built‑in microwave
- Bathroom updates include double vanity, new tile flooring, and new toilet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,493
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,860
$249.9K
Cap Rate 7%
$178,471
$178.5K
Cap Rate 9%
$138,811
$138.8K
Market Conditions
NOI Build-Up for 815 SF
Gross rent
$24.0K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.7K $27.87/SF
− OpEx
−$10.2K −$12.54/SF
NOI
$12.5K $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%
$249,860
Cap Rate 7%
$178,471
Cap Rate 9%
$138,811
Alternative Uses
Best Use
Apartment 5plus
$178.5K
$156.2K – $208.2K
NOI $12,493 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$452.7K
$396.1K – $528.1K
NOI $31,687 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,167
Businesses Nearby
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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 - Interior improvements accompany shared recreation, concierge service, and utilities covered by the condo fee.
Where is this residential income property located?
The property is located at 1225 MARTHA CUSTIS DRIVE Unit 810 Alexandria, VA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 815‑square‑foot residence built in 1980; Renovated kitchen with stainless steel appliances, gas cooking, and built‑in microwave; Bathroom updates include double vanity, new tile flooring, and new toilet
