Residential Unit with Renovated
For Sale
$325,000
1408 BELLE VIEW BOULEVARD Unit A2, Alexandria, VA 22307
Porch-level residence with custom kitchen finishes, building laundry, and included basement and bike storage.
Property Size785 SF
Price / SF$414.01
Days on Market62
Property Features for 1408 BELLE VIEW BOULEVARD Unit A2
General Information
Standard status
Active
Size
785 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,659
Amenities
laundry in building
pools
tennis courts
basketball courts
picnic areas
tot lots
green space
basement storage
bike storage
parking
Building Details
Building Size
785 SF
Year Built
1950
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 28
Changed: Oct 27
Last Checked: Oct 26 at 2:33PM
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 785-square-foot porch-level residential unit in Belle View was built in 1950 and has updated flooring, kitchen, vanity, and lighting. The kitchen includes custom cabinetry, butcher block countertops, and light gold hardware. Laundry is available in the building, with additional basement and bike storage included.
The condo fee covers gas, water, trash, and parking, as well as access to community pools, tennis and basketball courts, picnic areas, tot lots, and green space. The property is minutes from Old Town Alexandria and close to the Mount Vernon Trail, Belle Haven Marina, Dyke Marsh Wildlife Preserve, Belle View Shopping Center, Mount Vernon Rec Center, and Martha Washington Library. The 11Y express bus to Washington, D.C., is a few blocks away.
The condo fee covers gas, water, trash, and parking, as well as access to community pools, tennis and basketball courts, picnic areas, tot lots, and green space. The property is minutes from Old Town Alexandria and close to the Mount Vernon Trail, Belle Haven Marina, Dyke Marsh Wildlife Preserve, Belle View Shopping Center, Mount Vernon Rec Center, and Martha Washington Library. The 11Y express bus to Washington, D.C., is a few blocks away.
Key Highlights
- 785‑square‑foot porch‑level residential unit
- Updated kitchen with custom cabinetry, butcher block countertops, and light gold hardware
- Building laundry, plus basement and bike storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,033
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,660
$240.7K
Cap Rate 7%
$171,900
$171.9K
Cap Rate 9%
$133,700
$133.7K
Market Conditions
NOI Build-Up for 785 SF
Gross rent
$23.1K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$21.9K $27.87/SF
− OpEx
−$9.8K −$12.54/SF
NOI
$12.0K $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%
$240,660
Cap Rate 7%
$171,900
Cap Rate 9%
$133,700
Alternative Uses
Best Use
Apartment 5plus
$171.9K
$150.4K – $200.6K
NOI $12,033 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$436.0K
$381.5K – $508.7K
NOI $30,521 @ 7.0% cap · market cap 9.39%
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
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 22307, VA
10,271
Population
4,742
Households
2.2
Avg Household Size
45
Median Age
70%
College-Educated
96%
High-School Grad
3.1 sq mi
ZIP Area
3,313
Density / Sq Mi
$140,559
Median Household Income
$86,082
Median Earnings
$1,906
Median Rent
$752,700
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 - Porch-level residence with custom kitchen finishes, building laundry, and included basement and bike storage.
Where is this residential income property located?
The property is located at 1408 BELLE VIEW BOULEVARD Unit A2 Alexandria, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 785‑square‑foot porch‑level residential unit; Updated kitchen with custom cabinetry, butcher block countertops, and light gold hardware; Building laundry, plus basement and bike storage
