Residential Income
For Sale
$405,000
1701 KENWOOD AVENUE, Alexandria, VA 22302
The two-bedroom, two-bathroom condo has in-unit laundry, assigned parking, and wood floors.
Property Size1,080 SF
Price / SF$375
Days on Market22
Property Features for 1701 KENWOOD AVENUE
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Fairlington/Bradlee
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,080
Amenities
in-unit laundry
Building Details
Building Size
1,080 SF
Year Built
1975
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Oct 7
Changed: Oct 26
Last Checked: Oct 26 at 3:41PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This 1,080-square-foot condominium in Alexandria has two bedrooms and two bathrooms. Built in 1975, it features a combined kitchen and dining area, wood floors, a walk-in closet in the primary bedroom, and in-unit laundry. Assigned parking is included.
Residents have access to maintained common grounds. The association handles lawn maintenance, snow removal, and trash collection.
Residents have access to maintained common grounds. The association handles lawn maintenance, snow removal, and trash collection.
Key Highlights
- 1,080‑square‑foot condominium with two bedrooms and two bathrooms
- Built in 1975
- In‑unit laundry and assigned parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,555
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,100
$331.1K
Cap Rate 7%
$236,500
$236.5K
Cap Rate 9%
$183,944
$183.9K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$31.8K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.1K $27.87/SF
− OpEx
−$13.5K −$12.54/SF
NOI
$16.6K $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%
$331,100
Cap Rate 7%
$236,500
Cap Rate 9%
$183,944
Alternative Uses
Best Use
Apartment 5plus
$236.5K
$206.9K – $275.9K
NOI $16,555 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$599.9K
$524.9K – $699.8K
NOI $41,990 @ 7.0% cap · market cap 10.37%
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
718
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 - The two-bedroom, two-bathroom condo has in-unit laundry, assigned parking, and wood floors.
Where is this residential income property located?
The property is located at 1701 KENWOOD AVENUE Alexandria, VA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 1,080‑square‑foot condominium with two bedrooms and two bathrooms; Built in 1975; In‑unit laundry and assigned parking
