Renovated Residential Income
For Sale
$319,000
1251 E ABINGDON DRIVE Unit 1112, Alexandria, VA 22314
Residents have access to an outdoor pool, fitness center, bike storage, and an assigned parking space.
Property Size638 SF
Price / SF$500
Days on Market35
Property Features for 1251 E ABINGDON DRIVE Unit 1112
General Information
Standard status
Active
Size
638 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,735
Amenities
pool
fitness center
bike storage
Building Details
Building Size
638 SF
Year Built
1940
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Sep 24
Changed: Oct 26
Last Checked: Oct 26 at 3:10PM
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 Jack Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated one-bedroom condominium contains 638 square feet and dates to 1940. Interior updates include wood flooring, new windows, contemporary lighting and faucets, custom closets, bamboo window treatments, and new appliances. The living room receives natural light, while the kitchen has stainless-steel appliances, painted cabinetry, generous counter space, and a breakfast bar. One assigned parking space is included in the private lot. Building amenities include an outdoor pool, fitness center, and bike storage; the condo fee covers water, trash, and snow removal.
The property is in Old Town North, Alexandria, near grocery stores, shops, restaurants, and fitness studios. Old Town’s King Street dining and retail options, the Torpedo Factory Art Center, museums, and waterfront attractions are also noted in the surrounding area. Ferry service connects Old Town with the DC waterfront and National Harbor.
The property is in Old Town North, Alexandria, near grocery stores, shops, restaurants, and fitness studios. Old Town’s King Street dining and retail options, the Torpedo Factory Art Center, museums, and waterfront attractions are also noted in the surrounding area. Ferry service connects Old Town with the DC waterfront and National Harbor.
Key Highlights
- One‑bedroom condominium with 638 square feet
- Built in 1940; renovated interior includes new windows, appliances, flooring, and fixtures
- Kitchen features stainless‑steel appliances, painted cabinetry, counter space, and a breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,780
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,600
$195.6K
Cap Rate 7%
$139,714
$139.7K
Cap Rate 9%
$108,667
$108.7K
Market Conditions
NOI Build-Up for 638 SF
Gross rent
$18.8K $29.40/SF
− Vacancy
−$975 −$1.53/SF
EGI
$17.8K $27.87/SF
− OpEx
−$8.0K −$12.54/SF
NOI
$9.8K $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%
$195,600
Cap Rate 7%
$139,714
Cap Rate 9%
$108,667
Alternative Uses
Best Use
Apartment 5plus
$139.7K
$122.3K – $163.0K
NOI $9,780 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$354.4K
$310.1K – $413.4K
NOI $24,805 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,065
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
Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to an outdoor pool, fitness center, bike storage, and an assigned parking space.
Where is this residential income property located?
The property is located at 1251 E ABINGDON DRIVE Unit 1112 Alexandria, VA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: One‑bedroom condominium with 638 square feet; Built in 1940; renovated interior includes new windows, appliances, flooring, and fixtures; Kitchen features stainless‑steel appliances, painted cabinetry, counter space, and a breakfast bar
