Two-Bedroom Residential Income
For Sale
$325,000
1700 W ABINGDON DRIVE Unit 203, Alexandria, VA 22314
One-level living with an open living and dining area, updated kitchen flooring, and community recreation amenities.
Property Size946 SF
Price / SF$343.55
Days on Market30
Property Features for 1700 W ABINGDON DRIVE Unit 203
General Information
Standard status
Active
Size
946 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,012
Amenities
outdoor swimming pool
fitness center
tennis courts
Building Details
Building Size
946 SF
Year Built
1942
Listing Agency:
KW Metro Center
Listed By:
Nicole M McCullar · License #0225203538
(703) 883-7629
Source:
Jackrealtygroup
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 26 at 3:19PM
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 one-level residence in Potowmack Crossing has two bedrooms and one-and-a-half baths, with an open living and dining area. The kitchen includes enhanced countertops and updated flooring. The primary bedroom is separate from the second bedroom, and a PTAC was installed in the main living area in 2026. The unit measures 946 square feet and is in a 1942-built community.
Community amenities include an outdoor pool, fitness center, tennis courts, maintained grounds, and resident parking. The Mount Vernon Trail, Potomac River waterfront, and nearby parks provide outdoor recreation options. Restaurants, grocery stores, shopping, and Metro access are also nearby. The property is minutes from Old Town Alexandria, National Landing, Reagan National Airport, the Pentagon, and Washington, D.C.
Community amenities include an outdoor pool, fitness center, tennis courts, maintained grounds, and resident parking. The Mount Vernon Trail, Potomac River waterfront, and nearby parks provide outdoor recreation options. Restaurants, grocery stores, shopping, and Metro access are also nearby. The property is minutes from Old Town Alexandria, National Landing, Reagan National Airport, the Pentagon, and Washington, D.C.
Key Highlights
- Two bedrooms and one‑and‑a‑half baths in 946 square feet
- One‑level layout with open living and dining areas
- PTAC installed in the main living area in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,501
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,020
$290.0K
Cap Rate 7%
$207,157
$207.2K
Cap Rate 9%
$161,122
$161.1K
Market Conditions
NOI Build-Up for 946 SF
Gross rent
$27.8K $29.40/SF
− Vacancy
−$1.4K −$1.53/SF
EGI
$26.4K $27.87/SF
− OpEx
−$11.9K −$12.54/SF
NOI
$14.5K $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%
$290,020
Cap Rate 7%
$207,157
Cap Rate 9%
$161,122
Alternative Uses
Best Use
Apartment 5plus
$207.2K
$181.3K – $241.7K
NOI $14,501 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$525.4K
$459.8K – $613.0K
NOI $36,780 @ 7.0% cap · market cap 11.32%
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 - One-level living with an open living and dining area, updated kitchen flooring, and community recreation amenities.
Where is this residential income property located?
The property is located at 1700 W ABINGDON DRIVE Unit 203 Alexandria, VA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two bedrooms and one‑and‑a‑half baths in 946 square feet; One‑level layout with open living and dining areas; PTAC installed in the main living area in 2026
