Top-Floor Residential Income
For Sale
$320,000
Pending
202 SKYHILL ROAD Unit 8, Alexandria, VA 22314
Updated condominium with vaulted skylights, a private balcony, and dedicated parking in a wooded setting.
Property Size979 SF
Days on Market59
Property Features for 202 SKYHILL ROAD Unit 8
General Information
Standard status
Pending
Size
979 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Rosemont
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,313
Building Details
Building Size
979 SF
Year Built
1959
Listing Agency:
CENTURY 21 New Millennium
Listed By:
Douglas K. Eley · License #0225021152
(703) 803-3895
Source:
Dcmetrorealtyteam
Added: Aug 28
Changed: Oct 24
Last Checked: Oct 24 at 10:58PM
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 CENTURY 21 New Millennium
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This top-floor condominium offers two bedrooms, vaulted ceilings with skylights, and a private balcony oriented toward trees and greenspace. Large sliding glass doors bring natural light into the living areas. Interior improvements include a 2025 HVAC system, a renovated kitchen with granite surfaces, updated cabinetry, a stainless steel gas range, newer microwave, new LVP flooring in the main living areas, fresh bedroom carpeting, updated lighting, and refreshed bathroom finishes. A stacked washer and dryer are located within the unit.
The property includes reserved parking along with visitor parking near the building. Condo fees cover water and gas. Whole Foods and Giant are less than 1 mile away, while Wegmans is approximately a 4-minute drive. Angel Park is one block away, King St Metro is just over a mile away, and the Historic District of Old Town Alexandria is 2.5 miles from the property. The condominium was built in 1959.
The property includes reserved parking along with visitor parking near the building. Condo fees cover water and gas. Whole Foods and Giant are less than 1 mile away, while Wegmans is approximately a 4-minute drive. Angel Park is one block away, King St Metro is just over a mile away, and the Historic District of Old Town Alexandria is 2.5 miles from the property. The condominium was built in 1959.
Key Highlights
- Top‑floor 2‑bedroom condominium with vaulted ceilings and skylights
- Private balcony faces trees and greenspace
- 2025 HVAC replacement, including interior and exterior equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,007
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,140
$300.1K
Cap Rate 7%
$214,386
$214.4K
Cap Rate 9%
$166,744
$166.7K
Market Conditions
NOI Build-Up for 979 SF
Gross rent
$28.8K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$27.3K $27.87/SF
− OpEx
−$12.3K −$12.54/SF
NOI
$15.0K $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%
$300,140
Cap Rate 7%
$214,386
Cap Rate 9%
$166,744
Alternative Uses
Best Use
Apartment 5plus
$214.4K
$187.6K – $250.1K
NOI $15,007 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$543.8K
$475.8K – $634.4K
NOI $38,064 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
926
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium with vaulted skylights, a private balcony, and dedicated parking in a wooded setting.
Where is this residential income property located?
The property is located at 202 SKYHILL ROAD Unit 8 Alexandria, VA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Top‑floor 2‑bedroom condominium with vaulted ceilings and skylights; Private balcony faces trees and greenspace; 2025 HVAC replacement, including interior and exterior equipment
