Residential Income Property with
16 S VAN DORN STREET Unit 607, Alexandria, VA 22304
For Sale
$245,999
Shared amenities include a fitness center, business center, outdoor pool, volleyball court and grilling area.
Property Size1,025 SF
Price / SF$239
Days on Market131
Property Features for 16 S VAN DORN STREET Unit 607
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
gym
business center
outdoor swimming
volleyball
grilling area
store
Building Details
Building Size
Year Built
Listing Agency:
Fairfax Realty Select
Listed By:
Lahoucine Haji · License #225247493
(571) 723-6062
Source:
Mxwrealestate
Added: Jul 2
Changed: Nov 7
Last Checked: Nov 8 at 3:37PM
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 Fairfax Realty Select
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Investment Insights
Based on property information with market context.
This 1,025-square-foot condominium unit was built in 1963 and includes a spacious balcony and two parking spaces. Its appliances are less than three years old, and the new air-conditioning unit carries a 10-year warranty.
Building amenities include a fitness center, business center, outdoor pool, volleyball court and grilling area. Shopping and restaurants are within walking distance, with convenient access to I-395.
Building amenities include a fitness center, business center, outdoor pool, volleyball court and grilling area. Shopping and restaurants are within walking distance, with convenient access to I-395.
Key Highlights
- 1,025‑square‑foot condominium unit with a spacious balcony
- Two parking spaces included
- New air‑conditioning unit with a 10‑year warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,712
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,240
$314.2K
Cap Rate 7%
$224,457
$224.5K
Cap Rate 9%
$174,578
$174.6K
Market Conditions
NOI Build-Up for 1,025 SF
Gross rent
$30.1K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$28.6K $27.87/SF
− OpEx
−$12.9K −$12.54/SF
NOI
$15.7K $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%
$314,240
Cap Rate 7%
$224,457
Cap Rate 9%
$174,578
Alternative Uses
Best Use
Apartment 5plus
$224.5K
$196.4K – $261.9K
NOI $15,712 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$569.3K
$498.2K – $664.2K
NOI $39,852 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,631
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Shared amenities include a fitness center, business center, outdoor pool, volleyball court and grilling area.
Where is this residential income property located?
The property is located at 16 S VAN DORN STREET Unit 607 Alexandria, VA.
What is the asking price?
The asking price for this property is $245,999.
What are key features of this property?
This property features: 1,025‑square‑foot condominium unit with a spacious balcony; Two parking spaces included; New air‑conditioning unit with a 10‑year warranty
