Top-Floor Residential Income
For Sale
$500,000
Pending
1734 KINGSGATE COURT Unit 302, Alexandria, VA 22302
A two-bedroom, two-bath layout includes a fireplace, private balcony, assigned parking, and in-unit laundry.
Property Size1,311 SF
Days on Market41
Property Features for 1734 KINGSGATE COURT Unit 302
General Information
Standard status
Pending
Size
1,311 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Fairlington/Bradlee
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,538
Amenities
balcony
fireplace
ceiling fans
crown molding
assigned parking
washer and dryer
Building Details
Building Size
1,311 SF
Year Built
1993
Listing Agency:
Samson Properties
Listed By:
Faith Saunders · License #0225250166
(804) 432-4080
Source:
Jackrealtygroup
Added: Sep 18
Changed: Oct 27
Last Checked: Oct 26 at 4:07PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1,311-square-foot, top-floor condominium was built in 1993 and has two bedrooms and two full bathrooms. The living room includes a fireplace and opens to a private balcony; a separate dining area connects to the kitchen. Gas cooking, a refrigerator, dishwasher, built-in microwave, stove, washer, and dryer are included. Recent work comprises replacement windows, kitchen flooring, and a water heater. Ceiling fans and crown molding are also present.
Assigned parking serves the unit. The condo fee covers common-area maintenance, insurance, lawn care, snow removal, trash, and water. Shopping, dining, parks, commuter routes, and public transportation are identified as nearby amenities, with Metro access and major roads described as a short drive away.
Assigned parking serves the unit. The condo fee covers common-area maintenance, insurance, lawn care, snow removal, trash, and water. Shopping, dining, parks, commuter routes, and public transportation are identified as nearby amenities, with Metro access and major roads described as a short drive away.
Key Highlights
- 1,311 square feet with two bedrooms and two full bathrooms
- Top‑floor condominium with a private balcony and living‑room fireplace
- Recent updates include new windows, kitchen flooring, and a water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,097
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,940
$401.9K
Cap Rate 7%
$287,100
$287.1K
Cap Rate 9%
$223,300
$223.3K
Market Conditions
NOI Build-Up for 1,311 SF
Gross rent
$38.5K $29.40/SF
− Vacancy
−$2.0K −$1.53/SF
EGI
$36.5K $27.87/SF
− OpEx
−$16.4K −$12.54/SF
NOI
$20.1K $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%
$401,940
Cap Rate 7%
$287,100
Cap Rate 9%
$223,300
Alternative Uses
Best Use
Apartment 5plus
$287.1K
$251.2K – $335.0K
NOI $20,097 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$728.2K
$637.2K – $849.5K
NOI $50,972 @ 7.0% cap · market cap 10.19%
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
698
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 - A two-bedroom, two-bath layout includes a fireplace, private balcony, assigned parking, and in-unit laundry.
Where is this residential income property located?
The property is located at 1734 KINGSGATE COURT Unit 302 Alexandria, VA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,311 square feet with two bedrooms and two full bathrooms; Top‑floor condominium with a private balcony and living‑room fireplace; Recent updates include new windows, kitchen flooring, and a water heater
