Two-Bedroom Residential
For Sale
$329,900
1708 W ABINGDON DRIVE Unit 301, Alexandria, VA 22314
The unit pairs an updated kitchen and in-unit laundry with access to a pool, tennis courts, and landscaped community grounds.
Property Size819 SF
Price / SF$402.81
Days on Market135
Property Features for 1708 W ABINGDON DRIVE Unit 301
General Information
Standard status
Active
Size
819 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,970
Amenities
outdoor pool
tennis courts
well-landscaped grounds
in-unit laundry
Building Details
Building Size
819 SF
Year Built
1942
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Jun 16
Changed: Oct 27
Last Checked: Oct 26 at 3:15PM
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 819-square-foot residential unit has two bedrooms and one and a half baths. The kitchen includes custom cabinetry, quartz counters, and stainless-steel appliances. Luxury vinyl plank flooring runs throughout, and the interior has been freshly painted. In-unit laundry and multiple closets provide additional practical features. The building dates to 1942.
Community amenities include an outdoor pool, tennis courts, and landscaped open space. Shops and dining options, including Pupatella, Rustico, and Buzz Bakery, are within two blocks. The property is near National Airport, Old Town Alexandria, Del Ray, public transit, and the George Washington Parkway, with access toward Washington, DC via one traffic light.
Community amenities include an outdoor pool, tennis courts, and landscaped open space. Shops and dining options, including Pupatella, Rustico, and Buzz Bakery, are within two blocks. The property is near National Airport, Old Town Alexandria, Del Ray, public transit, and the George Washington Parkway, with access toward Washington, DC via one traffic light.
Key Highlights
- 819‑square‑foot unit with 2 bedrooms and 1.5 baths
- Kitchen with custom cabinets, quartz countertops, and stainless‑steel appliances
- Luxury vinyl plank flooring and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,555
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,100
$251.1K
Cap Rate 7%
$179,357
$179.4K
Cap Rate 9%
$139,500
$139.5K
Market Conditions
NOI Build-Up for 819 SF
Gross rent
$24.1K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$22.8K $27.87/SF
− OpEx
−$10.3K −$12.54/SF
NOI
$12.6K $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%
$251,100
Cap Rate 7%
$179,357
Cap Rate 9%
$139,500
Alternative Uses
Best Use
Apartment 5plus
$179.4K
$156.9K – $209.3K
NOI $12,555 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$454.9K
$398.0K – $530.7K
NOI $31,843 @ 7.0% cap · market cap 9.65%
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
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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 - The unit pairs an updated kitchen and in-unit laundry with access to a pool, tennis courts, and landscaped community grounds.
Where is this residential income property located?
The property is located at 1708 W ABINGDON DRIVE Unit 301 Alexandria, VA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 819‑square‑foot unit with 2 bedrooms and 1.5 baths; Kitchen with custom cabinets, quartz countertops, and stainless‑steel appliances; Luxury vinyl plank flooring and in‑unit laundry
