Two-Bedroom Income Property with
For Sale
$289,000
Pending
1607 BELLE VIEW BOULEVARD Unit B2, Alexandria, VA 22307
As-is unit with a private balcony, assigned storage, and access to basement laundry facilities.
Property Size785 SF
Days on Market56
Property Features for 1607 BELLE VIEW BOULEVARD Unit B2
General Information
Standard status
Pending
Size
785 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,769
Building Details
Building Size
785 SF
Year Built
1950
Listing Agency:
Real Broker, LLC
Listed By:
Angela Shaw · License #0225249884
(703) 608-3272
Source:
Dcmetrorealtyteam
Added: Aug 31
Changed: Oct 24
Last Checked: Oct 25 at 2:04AM
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
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Investment Insights
Based on property information with market context.
This two-bedroom, one-bath residential income property includes a private balcony and is offered in as-is condition. The unit also includes an assigned storage area, while a paid laundry facility is located in the building’s basement. Condo fees cover water and sewer service, cooking gas, and trash and recycling removal.
The property is in Alexandria’s Belle View neighborhood, with ample parking and access to the George Washington Parkway, Route 1, and 495. Huntington Metro Station is less than 5 miles away. The unit is also near the Mount Vernon Rec Center, Martha Washington Library, two parks, a dog park, and a shopping center across the way.
The property is in Alexandria’s Belle View neighborhood, with ample parking and access to the George Washington Parkway, Route 1, and 495. Huntington Metro Station is less than 5 miles away. The unit is also near the Mount Vernon Rec Center, Martha Washington Library, two parks, a dog park, and a shopping center across the way.
Key Highlights
- Two‑bedroom, one‑bath unit with a private balcony
- Offered in as‑is condition
- Water and sewer, cooking gas, and trash/recycling included in condo fees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,033
Cap Rate
4.16%
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 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$436.0K
$381.5K – $508.7K
NOI $30,521 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
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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 - As-is unit with a private balcony, assigned storage, and access to basement laundry facilities.
Where is this residential income property located?
The property is located at 1607 BELLE VIEW BOULEVARD Unit B2 Alexandria, VA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath unit with a private balcony; Offered in as‑is condition; Water and sewer, cooking gas, and trash/recycling included in condo fees
