Two-Bedroom Residential
For Sale
$375,000
1615 MOUNT EAGLE PLACE, Alexandria, VA 22302
A two-level home pairs an updated kitchen and bath with in-unit laundry and mini-split heating and cooling.
Property Size930 SF
Price / SF$403.23
Days on Market100
Property Features for 1615 MOUNT EAGLE PLACE
General Information
Standard status
Active
Size
930 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Ridge/Rosemont
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,538
Amenities
tot lot
washer/dryer in unit
three swimming pools
eight tennis courts
two volleyball courts
basketball court
fitness center
Building Details
Building Size
930 SF
Year Built
1941
Construction
garden-style
Listing Agency:
Redfin Corporation
Listed By:
Edward J Stone · License #0225204045
(703) 340-6169
Source:
Jackrealtygroup
Added: Jul 21
Changed: Oct 26
Last Checked: Oct 26 at 3:28PM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
This 930-square-foot residence in Parkfairfax has two bedrooms and one bathroom across two levels, with the bedrooms and bath on the upper floor. The kitchen has been updated with stainless steel appliances, and the bathroom has also received updates. A mini-split system provides heating and air conditioning, and a washer and dryer are located in the unit. Windows face community green space and a tot lot. The home was built in 1941.
Parkfairfax residents have access to three swimming pools, eight tennis courts, two volleyball courts, a basketball court, and a fitness center. Street parking is available near the unit. A pedestrian bridge connects the community with The Village at Shirlington, which includes Signature Theater, Harris Teeter, AMC Theatres, Carlyle, and Busboys and Poets. DASH and Metrobus routes serve the community, with connections to the Pentagon Metro and Old Town Alexandria. Bradlee Center is a short drive away.
Parkfairfax residents have access to three swimming pools, eight tennis courts, two volleyball courts, a basketball court, and a fitness center. Street parking is available near the unit. A pedestrian bridge connects the community with The Village at Shirlington, which includes Signature Theater, Harris Teeter, AMC Theatres, Carlyle, and Busboys and Poets. DASH and Metrobus routes serve the community, with connections to the Pentagon Metro and Old Town Alexandria. Bradlee Center is a short drive away.
Key Highlights
- 930‑square‑foot, two‑bedroom, one‑bath residence arranged over two levels
- Built in 1941
- Updated kitchen with stainless steel appliances and updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,256
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,120
$285.1K
Cap Rate 7%
$203,657
$203.7K
Cap Rate 9%
$158,400
$158.4K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$27.3K $29.40/SF
− Vacancy
−$1.4K −$1.53/SF
EGI
$25.9K $27.87/SF
− OpEx
−$11.7K −$12.54/SF
NOI
$14.3K $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%
$285,120
Cap Rate 7%
$203,657
Cap Rate 9%
$158,400
Alternative Uses
Best Use
Apartment 5plus
$203.7K
$178.2K – $237.6K
NOI $14,256 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$516.5K
$452.0K – $602.6K
NOI $36,158 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,139
Businesses Nearby
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Business Placement
Demographics for 22302, VA
17,972
Population
9,660
Households
1.9
Avg Household Size
38
Median Age
70%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
7,814
Density / Sq Mi
$127,037
Median Household Income
$83,782
Median Earnings
$2,039
Median Rent
$630,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-level home pairs an updated kitchen and bath with in-unit laundry and mini-split heating and cooling.
Where is this residential income property located?
The property is located at 1615 MOUNT EAGLE PLACE Alexandria, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 930‑square‑foot, two‑bedroom, one‑bath residence arranged over two levels; Built in 1941; Updated kitchen with stainless steel appliances and updated bathroom
