Two-Level Residential Income
For Sale
$495,000
1724 KINGSGATE COURT Unit 302, Alexandria, VA 22302
The 1,257-square-foot top-floor residence includes two en-suite bedrooms, in-unit laundry, and a private courtyard-facing balcony.
Property Size1,257 SF
Price / SF$393.79
Days on Market28
Property Features for 1724 KINGSGATE COURT Unit 302
General Information
Standard status
Active
Size
1,257 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
Fairlington/Bradlee
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,538
Building Details
Building Size
1,257 SF
Year Built
1993
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 26 at 3:01PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,257-square-foot, two-level residential property was built in 1993. Its main floor combines living, dining, and kitchen areas, with a fireplace and a wall of windows. The remodeled kitchen features green soft-close cabinets, under-cabinet lighting, newer appliances, and quartz counters. A private balcony overlooks the courtyard. Upstairs, two bedrooms each have an en-suite bathroom and closet space; in-unit laundry is also on this level. The top-floor position comes with extra-high ceilings.
The property is just off I-395, Quaker Lane, and King Street. Bradlee Shopping Center, Old Town Alexandria, and Shirlington are described as minutes away, along with dining, retail, and recreation options.
The property is just off I-395, Quaker Lane, and King Street. Bradlee Shopping Center, Old Town Alexandria, and Shirlington are described as minutes away, along with dining, retail, and recreation options.
Key Highlights
- 1,257‑square‑foot, two‑level residential property
- Two bedrooms, each with an en‑suite bathroom
- Top‑floor unit with extra‑high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,269
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,380
$385.4K
Cap Rate 7%
$275,271
$275.3K
Cap Rate 9%
$214,100
$214.1K
Market Conditions
NOI Build-Up for 1,257 SF
Gross rent
$37.0K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$35.0K $27.87/SF
− OpEx
−$15.8K −$12.54/SF
NOI
$19.3K $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%
$385,380
Cap Rate 7%
$275,271
Cap Rate 9%
$214,100
Alternative Uses
Best Use
Apartment 5plus
$275.3K
$240.9K – $321.2K
NOI $19,269 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$698.2K
$610.9K – $814.5K
NOI $48,872 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
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 1,257-square-foot top-floor residence includes two en-suite bedrooms, in-unit laundry, and a private courtyard-facing balcony.
Where is this residential income property located?
The property is located at 1724 KINGSGATE COURT Unit 302 Alexandria, VA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,257‑square‑foot, two‑level residential property; Two bedrooms, each with an en‑suite bathroom; Top‑floor unit with extra‑high ceilings
