Condominium with Private
For Sale
$199,000
1225 MARTHA CUSTIS DRIVE Unit 905, Alexandria, VA 22302
Residents have access to recreation amenities, with laundry and additional storage available in the building.
Property Size596 SF
Price / SF$333.89
Days on Market12
Property Features for 1225 MARTHA CUSTIS DRIVE Unit 905
General Information
Standard status
Active
Size
596 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Ridge/Rosemont
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,676
Amenities
outdoor pool
fitness center
tennis courts
basketball courts
dog park
walking paths
community center
party room
picnic area
concierge
laundry facilities
extra storage
Building Details
Building Size
596 SF
Year Built
1980
Listing Agency:
Corcoran McEnearney
Listed By:
Casey Shaw · License #0225251374
(479) 936-0129
Source:
Jackrealtygroup
Added: Oct 17
Changed: Oct 27
Last Checked: Oct 26 at 3:48PM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
This 596-square-foot condominium at Parc East has one bedroom and one bathroom, with a living and dining area that opens through sliding glass doors to a balcony overlooking mature trees. The bedroom includes a walk-in closet, and additional storage is available. The building was constructed in 1980, and laundry facilities are located on the same floor.
Community amenities include an outdoor pool, fitness center, tennis and basketball courts, dog park, walking paths, community center, party room, picnic area, and concierge service. The condo fee covers utilities and parking, as well as building management and common-area maintenance.
The property is near I-395, public transportation, shopping, dining, recreation, and Metro access. Washington, DC is described as minutes away.
Community amenities include an outdoor pool, fitness center, tennis and basketball courts, dog park, walking paths, community center, party room, picnic area, and concierge service. The condo fee covers utilities and parking, as well as building management and common-area maintenance.
The property is near I-395, public transportation, shopping, dining, recreation, and Metro access. Washington, DC is described as minutes away.
Key Highlights
- 596‑square‑foot, one‑bedroom, one‑bathroom condominium
- Balcony with views toward mature trees
- Walk‑in closet and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,136
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,720
$182.7K
Cap Rate 7%
$130,514
$130.5K
Cap Rate 9%
$101,511
$101.5K
Market Conditions
NOI Build-Up for 596 SF
Gross rent
$17.5K $29.40/SF
− Vacancy
−$911 −$1.53/SF
EGI
$16.6K $27.87/SF
− OpEx
−$7.5K −$12.54/SF
NOI
$9.1K $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%
$182,720
Cap Rate 7%
$130,514
Cap Rate 9%
$101,511
Alternative Uses
Best Use
Apartment 5plus
$130.5K
$114.2K – $152.3K
NOI $9,136 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$331.0K
$289.7K – $386.2K
NOI $23,172 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
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 - Residents have access to recreation amenities, with laundry and additional storage available in the building.
Where is this residential income property located?
The property is located at 1225 MARTHA CUSTIS DRIVE Unit 905 Alexandria, VA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 596‑square‑foot, one‑bedroom, one‑bathroom condominium; Balcony with views toward mature trees; Walk‑in closet and additional storage
