Updated One-Bedroom
For Sale
$295,000
1706 W ABINGDON DRIVE Unit 201, Alexandria, VA 22314
Renovated second-floor residence with an upgraded kitchen, in-unit laundry, and access to community recreation.
Property Size610 SF
Price / SF$483.61
Days on Market12
Property Features for 1706 W ABINGDON DRIVE Unit 201
General Information
Standard status
Active
Size
610 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
HOA Fee
$564
Taxes and HOA fees
Annual Taxes
$3,382
Amenities
pool
tennis court
fitness center
meeting rooms
gardens
bike storage
washer/dryer
Building Details
Building Size
610 SF
Year Built
1942
Listing Agency:
Corcoran McEnearney
Listed By:
Joseph M O'Hara · License #0225080843
(703) 350-1234
Source:
Jackrealtygroup
Added: Oct 17
Changed: Oct 27
Last Checked: Oct 26 at 3:55PM
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 610-square-foot, one-bedroom condominium occupies the second floor of a building constructed in 1942. Interior features include quartz kitchen counters, stainless steel appliances, a breakfast bar, custom living-room cabinetry, and a walk-in bedroom closet. A stacked washer and dryer are tucked behind a sliding door, and the unit has newer windows and a convector heating and cooling system installed in 2025.
Residents have access to a pool, tennis court, fitness center, meeting rooms, gardens, and bicycle storage. The property includes two unassigned parking spaces, with additional street parking available for guests. Water and trash service are covered by the condominium fee.
The residence is in Alexandria, near Potowmack Crossing community amenities and local dining and grocery options. Del Ray, the GW Parkway, and the Mount Vernon Trail are nearby; the listing also notes access to Potomac Yard Metro, the VT Innovation Campus, I-495, I-395, and I-95.
Residents have access to a pool, tennis court, fitness center, meeting rooms, gardens, and bicycle storage. The property includes two unassigned parking spaces, with additional street parking available for guests. Water and trash service are covered by the condominium fee.
The residence is in Alexandria, near Potowmack Crossing community amenities and local dining and grocery options. Del Ray, the GW Parkway, and the Mount Vernon Trail are nearby; the listing also notes access to Potomac Yard Metro, the VT Innovation Campus, I-495, I-395, and I-95.
Key Highlights
- 610‑square‑foot, one‑bedroom condominium
- Second‑floor unit in a building built in 1942
- Kitchen with quartz counters, soft‑close drawers, stainless appliances, and breakfast bar
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Explore this area
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 - Renovated second-floor residence with an upgraded kitchen, in-unit laundry, and access to community recreation.
Where is this residential income property located?
The property is located at 1706 W ABINGDON DRIVE Unit 201 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, one‑bedroom condominium; Second‑floor unit in a building built in 1942; Kitchen with quartz counters, soft‑close drawers, stainless appliances, and breakfast bar
