Top-Floor Residential Income
For Sale
$450,000
203 YOAKUM PARKWAY Unit 1807, Alexandria, VA 22304
Top-floor condominium residence with a private balcony, remodeled kitchen, assigned garage parking, and extensive community amenities.
Property Size1,309 SF
Days on Market46
Property Features for 203 YOAKUM PARKWAY Unit 1807
General Information
Standard status
Active
Size
1,309 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,668
Building Details
Building Size
1,309 SF
Year Built
1975
Listing Agency:
Homecoin.com
Listed By:
Jonathan Minerick · License #0225248917
(888) 400-2513
Source:
Dcmetrorealtyteam
Added: Aug 22
Changed: Oct 3
Last Checked: Oct 5 at 11:40PM
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 Homecoin.com
Investment Insights
Based on property information with market context.
This top-floor residential income property is a condominium residence at Watergate at Landmark with a private covered balcony and western views over trees and a public park. The remodeled kitchen includes stainless steel appliances, quartz countertops, and ceramic tile flooring. The residence also offers two bedrooms, two full bathrooms, a dressing area, multiple closets, in-unit laundry, and additional storage in the building. Privately controlled HVAC was installed in 2019.
The gated community spans 35+ acres and provides assigned garage parking, open-lot parking, pools, tennis courts, fitness facilities, walking paths, sports courts, saunas, social rooms, a convenience store, cafe, salon, and other resident amenities. A free shuttle serves nearby Van Dorn Metro and local shopping centers. The property is minutes from 395/495/95, Washington, D.C., the Pentagon, Reagan National Airport, Old Town Alexandria, and Fort Belvoir.
The gated community spans 35+ acres and provides assigned garage parking, open-lot parking, pools, tennis courts, fitness facilities, walking paths, sports courts, saunas, social rooms, a convenience store, cafe, salon, and other resident amenities. A free shuttle serves nearby Van Dorn Metro and local shopping centers. The property is minutes from 395/495/95, Washington, D.C., the Pentagon, Reagan National Airport, Old Town Alexandria, and Fort Belvoir.
Key Highlights
- Top‑floor residence with private covered balcony and western views over trees and a public park
- Remodeled kitchen with stainless steel appliances, quartz countertops, and ceramic tile flooring
- Two bedrooms, two full bathrooms, in‑unit washer/dryer, multiple closets, and additional building storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,066
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,320
$401.3K
Cap Rate 7%
$286,657
$286.7K
Cap Rate 9%
$222,956
$223.0K
Market Conditions
NOI Build-Up for 1,309 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%
$401,320
Cap Rate 7%
$286,657
Cap Rate 9%
$222,956
Alternative Uses
Best Use
Apartment 5plus
$286.7K
$250.8K – $334.4K
NOI $20,066 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$727.1K
$636.2K – $848.2K
NOI $50,894 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,582
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Top-floor condominium residence with a private balcony, remodeled kitchen, assigned garage parking, and extensive community amenities.
Where is this residential income property located?
The property is located at 203 YOAKUM PARKWAY Unit 1807 Alexandria, VA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Top‑floor residence with private covered balcony and western views over trees and a public park; Remodeled kitchen with stainless steel appliances, quartz countertops, and ceramic tile flooring; Two bedrooms, two full bathrooms, in‑unit washer/dryer, multiple closets, and additional building storage
