Residential Income Property with
1403 E ABINGDON DRIVE Unit 2, Alexandria, VA 22314
For Sale
$313,000
The residence features a renovated kitchen, an updated bathroom, a private entrance, and a deck.
Property Size700 SF
Price / SF$447.14
Days on Market155
Property Features for 1403 E ABINGDON DRIVE Unit 2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
deck
storage bin
Building Details
Building Size
Year Built
Listing Agency:
Corcoran McEnearney
Listed By:
Jeffery S McGlothlin · License VA #0225071773
(703) 286-1269
Source:
Districtpropertygroup
Added: Jun 9
Changed: Nov 9
Last Checked: Nov 9 at 8:52PM
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 residential income property is a one-bedroom residence with a private entrance, spacious bedroom, and ample closet storage. Interior improvements include refreshed flooring and paint, a renovated kitchen, and an updated bathroom. A deck extends the living area outdoors, and the unit also includes a storage bin. Parking is located close to the entrance.
The property is within walking distance of Braddock Road and Potomac Yard Metro stations. It was built in 1944.
The property is within walking distance of Braddock Road and Potomac Yard Metro stations. It was built in 1944.
Key Highlights
- One‑bedroom residence with private entrance
- Renovated kitchen and updated bathroom
- Deck, plus a dedicated storage bin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,730
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,600
$214.6K
Cap Rate 7%
$153,286
$153.3K
Cap Rate 9%
$119,222
$119.2K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$20.6K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$19.5K $27.87/SF
− OpEx
−$8.8K −$12.54/SF
NOI
$10.7K $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%
$214,600
Cap Rate 7%
$153,286
Cap Rate 9%
$119,222
Alternative Uses
Best Use
Apartment 5plus
$153.3K
$134.1K – $178.8K
NOI $10,730 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$388.8K
$340.2K – $453.6K
NOI $27,216 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence features a renovated kitchen, an updated bathroom, a private entrance, and a deck.
Where is this residential income property located?
The property is located at 1403 E ABINGDON DRIVE Unit 2 Alexandria, VA.
What is the asking price?
The asking price for this property is $313,000.
What are key features of this property?
This property features: One‑bedroom residence with private entrance; Renovated kitchen and updated bathroom; Deck, plus a dedicated storage bin
