Two-Bedroom Residential
For Sale
$326,000
1708 W ABINGDON DRIVE Unit 202, Alexandria, VA 22314
The residence has two bathrooms and a kitchen with granite counters and stainless steel appliances.
Property Size819 SF
Price / SF$398.05
Days on Market118
Property Features for 1708 W ABINGDON DRIVE Unit 202
General Information
Standard status
Active
Size
819 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,970
Building Details
Building Size
819 SF
Year Built
1942
Listing Agency:
Compass
Listed By:
Horse Farms & Country Homes
(703) 966-9480
Source:
Horsefarmsandcountryhomes
Added: Jul 3
Changed: Oct 27
Last Checked: Oct 27 at 3:22AM
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 Compass
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Investment Insights
Based on property information with market context.
This 819-square-foot condominium has two bedrooms and two bathrooms. The kitchen features granite countertops and stainless steel appliances, while the living and dining areas share an open layout. A primary bedroom includes an attached bathroom and closet space; the second bedroom can serve as a guest room or office. A washer and dryer are also included. The building dates to 1942.
The property is in Alexandria, near Old Town, the Mount Vernon Trail, the Potomac River waterfront, and shops and restaurants on Slaters Lane. Access routes and destinations mentioned nearby include Braddock Road Metro, Reagan National Airport, the George Washington Parkway, Route 1, I-495, Amazon HQ2, and downtown Washington, D.C.
The property is in Alexandria, near Old Town, the Mount Vernon Trail, the Potomac River waterfront, and shops and restaurants on Slaters Lane. Access routes and destinations mentioned nearby include Braddock Road Metro, Reagan National Airport, the George Washington Parkway, Route 1, I-495, Amazon HQ2, and downtown Washington, D.C.
Key Highlights
- 819‑square‑foot condominium built in 1942
- Two bedrooms and two bathrooms
- Kitchen with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,555
Cap Rate
3.85%
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 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$454.9K
$398.0K – $530.7K
NOI $31,843 @ 7.0% cap · market cap 9.77%
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 - The residence has two bathrooms and a kitchen with granite counters and stainless steel appliances.
Where is this residential income property located?
The property is located at 1708 W ABINGDON DRIVE Unit 202 Alexandria, VA.
What is the asking price?
The asking price for this property is $326,000.
What are key features of this property?
This property features: 819‑square‑foot condominium built in 1942; Two bedrooms and two bathrooms; Kitchen with granite countertops and stainless steel appliances
