Updated Residential
For Sale
$295,000
1632 W ABINGDON DRIVE Unit 302, Alexandria, VA 22314
Tenant occupancy extends through April 2027, with two parking spaces included.
Property Size610 SF
Price / SF$483.61
Days on Market209
Property Features for 1632 W ABINGDON DRIVE Unit 302
General Information
Standard status
Active
Size
610 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast
Public Transit
Yes
Additional Details
Multifamily Units
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,382
Amenities
pool
fitness center
tennis courts
in-unit washer and dryer
Building Details
Building Size
610 SF
Year Built
1942
Listing Agency:
KW Metro Center
Listed By:
Bethany Stalder · License #0225216870
(703) 850-4752
Source:
Jackrealtygroup
Added: Apr 3
Changed: Oct 27
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 KW Metro Center
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Investment Insights
Based on property information with market context.
This 610-square-foot condominium features modern flooring, a kitchen with granite countertops, built-in bookshelves, generous closet space, and an in-unit washer and dryer. The residence was built in 1942 and is tenant-occupied through April 2027. Two parking spaces are included, and either may be rented separately from the home.
Community amenities include a pool, fitness center, and tennis courts. The property is in Old Town Alexandria, near the Potomac Yard Metro, Trader Joe’s, Harris Teeter, National Airport, bike paths, and Old Town shops and dining. Water, sewer, and trash are covered by the monthly fees.
Community amenities include a pool, fitness center, and tennis courts. The property is in Old Town Alexandria, near the Potomac Yard Metro, Trader Joe’s, Harris Teeter, National Airport, bike paths, and Old Town shops and dining. Water, sewer, and trash are covered by the monthly fees.
Key Highlights
- 610‑square‑foot condominium built in 1942
- Tenant occupancy through April 2027
- Two parking spaces included; they may also be rented separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,351
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,020
$187.0K
Cap Rate 7%
$133,586
$133.6K
Cap Rate 9%
$103,900
$103.9K
Market Conditions
NOI Build-Up for 610 SF
Gross rent
$17.9K $29.40/SF
− Vacancy
−$933 −$1.53/SF
EGI
$17.0K $27.87/SF
− OpEx
−$7.7K −$12.54/SF
NOI
$9.4K $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%
$187,020
Cap Rate 7%
$133,586
Cap Rate 9%
$103,900
Alternative Uses
Best Use
Apartment 5plus
$133.6K
$116.9K – $155.9K
NOI $9,351 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$338.8K
$296.5K – $395.3K
NOI $23,717 @ 7.0% cap · market cap 8.04%
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
1,063
Businesses Nearby
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Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Tenant occupancy extends through April 2027, with two parking spaces included.
Where is this residential income property located?
The property is located at 1632 W ABINGDON DRIVE Unit 302 Alexandria, VA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 610‑square‑foot condominium built in 1942; Tenant occupancy through April 2027; Two parking spaces included; they may also be rented separately
