Updated Residential Income
For Sale
$300,000
1617 FITZGERALD LANE, Alexandria, VA 22302
A first-level end unit features a renovated kitchen and private street-level entry.
Property Size750 SF
Price / SF$400
Days on Market41
Property Features for 1617 FITZGERALD LANE
General Information
Standard status
Active
Size
750 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Ridge/Rosemont
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,448
Amenities
in-home washer/dryer
swimming pools
extra storage
exercise facility
tot lots
tennis courts
car wash
maintenance yard
laundry rooms
woodland trails
Building Details
Building Size
750 SF
Year Built
1941
Listing Agency:
Corcoran McEnearney
Listed By:
Heidi E Burkhardt · License #0225206337
(703) 217-6009
Source:
Jackrealtygroup
Added: Sep 18
Changed: Oct 26
Last Checked: Oct 26 at 2:35PM
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 Corcoran McEnearney
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Investment Insights
Based on property information with market context.
This 750-square-foot, one-bedroom, one-bathroom residence is a first-level end unit with its own street-level entrance. Hardwood floors, newer double-hung windows, and freshly painted walls complement a kitchen renovated in 2026 with stainless steel appliances, quartz countertops, 42-inch cabinets, subway tile, and under-cabinet lighting. An in-home stacked washer and dryer were installed in 2025; HVAC units and replacement windows date to 2021. The building was constructed in 1941.
Within ParkFairfax, the home sits near a parking area along a one-way road and is two blocks from one of the community’s three pools. The 132-acre community also offers tennis courts, an exercise facility, laundry rooms, storage, woodland trails, and other shared amenities. Fitzgerald Lane is near the I-395 entry and exit, with a pedestrian bridge connecting to Shirlington Village and area trails.
Within ParkFairfax, the home sits near a parking area along a one-way road and is two blocks from one of the community’s three pools. The 132-acre community also offers tennis courts, an exercise facility, laundry rooms, storage, woodland trails, and other shared amenities. Fitzgerald Lane is near the I-395 entry and exit, with a pedestrian bridge connecting to Shirlington Village and area trails.
Key Highlights
- 750‑square‑foot, one‑bedroom, one‑bathroom residence
- Kitchen renovation completed in 2026; in‑home stacked washer and dryer installed in 2025
- HVAC units and replacement windows date to 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,497
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,940
$229.9K
Cap Rate 7%
$164,243
$164.2K
Cap Rate 9%
$127,744
$127.7K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$22.1K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$20.9K $27.87/SF
− OpEx
−$9.4K −$12.54/SF
NOI
$11.5K $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%
$229,940
Cap Rate 7%
$164,243
Cap Rate 9%
$127,744
Alternative Uses
Best Use
Apartment 5plus
$164.2K
$143.7K – $191.6K
NOI $11,497 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,096
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 first-level end unit features a renovated kitchen and private street-level entry.
Where is this residential income property located?
The property is located at 1617 FITZGERALD LANE Alexandria, VA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 750‑square‑foot, one‑bedroom, one‑bathroom residence; Kitchen renovation completed in 2026; in‑home stacked washer and dryer installed in 2025; HVAC units and replacement windows date to 2021
