Top-Floor Residential
New
For Sale
$224,900
1515 BELLE VIEW BOULEVARD Unit B2, Alexandria, VA 22307
One-bedroom layout includes updated windows, HVAC, electrical panel and stainless steel kitchen appliances.
Property Size623 SF
Days on Market3
Property Features for 1515 BELLE VIEW BOULEVARD Unit B2
General Information
Standard status
Active
Size
623 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,875
Amenities
pool
tennis
basketball
playgrounds
laundry
storage
Building Details
Building Size
623 SF
Year Built
1950
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Brad C Kintz · License #0225063045
(703) 629-0103
Source:
Dcmetrorealtyteam
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 6 at 2:42AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This top-floor Alexandria condo has one bedroom and one bathroom, with an open kitchen and breakfast bar. Recent interior work includes fresh paint and refinished parquet floors; windows, HVAC and the electrical panel have also been updated. The kitchen has stainless steel appliances. The property was built in 1950.
Community amenities include a pool, tennis and basketball courts, playgrounds, parking and landscaped open space. A bus stop serving Huntington Metro is nearby, along with shopping, a library and recreation facilities. The condo is south of Old Town, near the Potomac River, a marina and trails along the George Washington Parkway.
Community amenities include a pool, tennis and basketball courts, playgrounds, parking and landscaped open space. A bus stop serving Huntington Metro is nearby, along with shopping, a library and recreation facilities. The condo is south of Old Town, near the Potomac River, a marina and trails along the George Washington Parkway.
Key Highlights
- Top‑floor unit with 1 bedroom and 1 bathroom
- Open kitchen with breakfast bar and stainless steel appliances
- Updated windows, HVAC and electrical panel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,550
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,000
$191.0K
Cap Rate 7%
$136,429
$136.4K
Cap Rate 9%
$106,111
$106.1K
Market Conditions
NOI Build-Up for 623 SF
Gross rent
$18.3K $29.40/SF
− Vacancy
−$952 −$1.53/SF
EGI
$17.4K $27.87/SF
− OpEx
−$7.8K −$12.54/SF
NOI
$9.6K $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%
$191,000
Cap Rate 7%
$136,429
Cap Rate 9%
$106,111
Alternative Uses
Best Use
Apartment 5plus
$136.4K
$119.4K – $159.2K
NOI $9,550 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$346.0K
$302.8K – $403.7K
NOI $24,222 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
454
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
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom layout includes updated windows, HVAC, electrical panel and stainless steel kitchen appliances.
Where is this residential income property located?
The property is located at 1515 BELLE VIEW BOULEVARD Unit B2 Alexandria, VA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Top‑floor unit with 1 bedroom and 1 bathroom; Open kitchen with breakfast bar and stainless steel appliances; Updated windows, HVAC and electrical panel
