Top-Floor Residential Income
For Sale
$275,000
1734 W ABINGDON DRIVE Unit 303, Alexandria, VA 22314
A remodeled corner residence includes in-unit laundry and access to shared recreation amenities.
Property Size582 SF
Price / SF$472.51
Days on Market133
Property Features for 1734 W ABINGDON DRIVE Unit 303
General Information
Standard status
Active
Size
582 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Northeast
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,344
Amenities
club house
pool
fitness room
tennis courts
picnic area with grills
washer/dryer
Building Details
Building Size
582 SF
Year Built
1942
Year Renovated
2022
Listing Agency:
Wilkinson PM INC
Listed By:
Beate Whitesell · License #0225192397
(202) 215-3606
Source:
Jackrealtygroup
Added: Jun 18
Changed: Oct 27
Last Checked: Oct 26 at 3:23PM
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 Wilkinson PM INC
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Investment Insights
Based on property information with market context.
This 582-square-foot, top-floor corner residence was built in 1942 and remodeled in 2022. Interior features include stainless steel appliances, recessed lighting, wood and tile flooring, granite counters, upgraded windows, and an in-unit washer and dryer.
Residents have access to a clubhouse, pool, fitness room, tennis courts, and picnic area with grills. The association permits cats but does not allow dogs. Nearby destinations named for the property include Old Town, Del Ray, DCA, the Pentagon, Potomac Yard Metro, and the Mount Vernon Trail.
Residents have access to a clubhouse, pool, fitness room, tennis courts, and picnic area with grills. The association permits cats but does not allow dogs. Nearby destinations named for the property include Old Town, Del Ray, DCA, the Pentagon, Potomac Yard Metro, and the Mount Vernon Trail.
Key Highlights
- 582‑square‑foot top‑floor corner residence
- Remodeling completed in 2022
- Stainless steel appliances, granite counters, recessed lighting, and upgraded windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,922
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,440
$178.4K
Cap Rate 7%
$127,457
$127.5K
Cap Rate 9%
$99,133
$99.1K
Market Conditions
NOI Build-Up for 582 SF
Gross rent
$17.1K $29.40/SF
− Vacancy
−$890 −$1.53/SF
EGI
$16.2K $27.87/SF
− OpEx
−$7.3K −$12.54/SF
NOI
$8.9K $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%
$178,440
Cap Rate 7%
$127,457
Cap Rate 9%
$99,133
Alternative Uses
Best Use
Apartment 5plus
$127.5K
$111.5K – $148.7K
NOI $8,922 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$323.3K
$282.9K – $377.1K
NOI $22,628 @ 7.0% cap · market cap 8.23%
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
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 - A remodeled corner residence includes in-unit laundry and access to shared recreation amenities.
Where is this residential income property located?
The property is located at 1734 W ABINGDON DRIVE Unit 303 Alexandria, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 582‑square‑foot top‑floor corner residence; Remodeling completed in 2022; Stainless steel appliances, granite counters, recessed lighting, and upgraded windows
