One-Bedroom Condominium with
For Sale
$299,000
1311 E ABINGDON DRIVE Unit 4, Alexandria, VA 22314
A 675-square-foot residence pairs in-unit laundry with landscaped community grounds and resident and guest parking.
Property Size675 SF
Price / SF$442.96
Days on Market140
Property Features for 1311 E ABINGDON DRIVE Unit 4
General Information
Standard status
Active
Size
675 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,551
Amenities
fireplace
in-unit washer and dryer
gazebo
pergola
grilling area
scenic multi-use trail
extra storage
Building Details
Building Size
675 SF
Year Built
1944
Construction
garden-style
Listing Agency:
Real Broker, LLC
Listed By:
Jason D Martin · License #0225197141
(202) 641-0299
Source:
Jackrealtygroup
Added: Jun 11
Changed: Oct 27
Last Checked: Oct 26 at 2:18PM
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 Real Broker, LLC
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 675-square-foot condominium in a garden-style community has one bedroom, a full bathroom, and hardwood floors across the main living areas. Multiple exposures bring natural light into the living room, where a fireplace provides a focal point. The semi-open kitchen has abundant cabinetry and a breakfast bar; a laundry closet contains an in-unit washer and dryer. Extra storage is also available.
The landscaped grounds include a gazebo, pergola, and grilling area. The community borders a multi-use trail connecting to the Potomac waterfront corridor, with Old Town shops, dining, commuter routes, transit options, and employment centers nearby. Resident and guest parking are provided, and water and trash service are included in the condo fee. The building dates to 1944.
The landscaped grounds include a gazebo, pergola, and grilling area. The community borders a multi-use trail connecting to the Potomac waterfront corridor, with Old Town shops, dining, commuter routes, transit options, and employment centers nearby. Resident and guest parking are provided, and water and trash service are included in the condo fee. The building dates to 1944.
Key Highlights
- 675‑square‑foot condominium with one bedroom and a full bathroom
- Fireplace in the living room; hardwood floors in the main living areas
- Semi‑open kitchen with breakfast bar and abundant cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,347
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,940
$206.9K
Cap Rate 7%
$147,814
$147.8K
Cap Rate 9%
$114,967
$115.0K
Market Conditions
NOI Build-Up for 675 SF
Gross rent
$19.8K $29.40/SF
− Vacancy
−$1.0K −$1.53/SF
EGI
$18.8K $27.87/SF
− OpEx
−$8.5K −$12.54/SF
NOI
$10.3K $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%
$206,940
Cap Rate 7%
$147,814
Cap Rate 9%
$114,967
Alternative Uses
Best Use
Apartment 5plus
$147.8K
$129.3K – $172.5K
NOI $10,347 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$374.9K
$328.1K – $437.4K
NOI $26,244 @ 7.0% cap · market cap 8.78%
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
1,696
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 - A 675-square-foot residence pairs in-unit laundry with landscaped community grounds and resident and guest parking.
Where is this residential income property located?
The property is located at 1311 E ABINGDON DRIVE Unit 4 Alexandria, VA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 675‑square‑foot condominium with one bedroom and a full bathroom; Fireplace in the living room; hardwood floors in the main living areas; Semi‑open kitchen with breakfast bar and abundant cabinetry
