Two-Bedroom Residential Income
For Sale
$329,000
203 YOAKUM PARKWAY Unit 920, Alexandria, VA 22304
Freshly updated two-bedroom condo with a large balcony and new interior flooring in the main living areas and kitchen.
Property Size1,064 SF
Days on Market70
Property Features for 203 YOAKUM PARKWAY Unit 920
General Information
Standard status
Active
Size
1,064 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,020
Amenities
gated community
pool
fitness center
library
game room
grocery store
pickleball courts
tennis courts
putting green
shuttle to metro
Building Details
Building Size
1,064 SF
Year Built
1975
Listing Agency:
TTR Sotheby's International Realty
Listed By:
Mary G Hurlbut · License #0225021761
(703) 980-9595
Source:
Dcmetrorealtyteam
Added: Jul 29
Changed: Oct 3
Last Checked: Oct 5 at 8:47PM
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 TTR Sotheby's International Realty
Investment Insights
Based on property information with market context.
Located at Watergate at Landmark, this two-bedroom condo unit offers a spacious layout with recent interior updates. The home has been freshly painted and features new luxury vinyl planking (LVP) in the main living areas and kitchen, along with new carpet in the primary bedroom. The kitchen includes solid surface countertops, a new dishwasher and refrigerator, recent double ovens, and a pantry with pullout shelves and additional shelving. A large balcony provides an outdoor setting with views of the grounds and pools. HVAC in the balcony closet is dated to 2021.
Watergate at Landmark is a gated community on 35 landscaped acres with extensive amenities, including an enormous pool, state-of-the-art fitness center, library, and game room. The community also features a well-stocked grocery store, pickleball and tennis courts, a putting green, and regular shuttles to the Van Dorn Metro station. The condo fee includes all utilities, and the residence is pet friendly.
Year built is 1975.
Watergate at Landmark is a gated community on 35 landscaped acres with extensive amenities, including an enormous pool, state-of-the-art fitness center, library, and game room. The community also features a well-stocked grocery store, pickleball and tennis courts, a putting green, and regular shuttles to the Van Dorn Metro station. The condo fee includes all utilities, and the residence is pet friendly.
Year built is 1975.
Key Highlights
- Condo fee includes all utilities; pet friendly community
- Watergate at Landmark gated community on 35 landscaped acres with pool, fitness center, and more
- Large balcony with views of grounds and pools
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,310
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,200
$326.2K
Cap Rate 7%
$233,000
$233.0K
Cap Rate 9%
$181,222
$181.2K
Market Conditions
NOI Build-Up for 1,064 SF
Gross rent
$31.3K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.7K $27.87/SF
− OpEx
−$13.3K −$12.54/SF
NOI
$16.3K $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%
$326,200
Cap Rate 7%
$233,000
Cap Rate 9%
$181,222
Alternative Uses
Best Use
Apartment 5plus
$233.0K
$203.9K – $271.8K
NOI $16,310 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$591.0K
$517.1K – $689.5K
NOI $41,368 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Freshly updated two-bedroom condo with a large balcony and new interior flooring in the main living areas and kitchen.
Where is this residential income property located?
The property is located at 203 YOAKUM PARKWAY Unit 920 Alexandria, VA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Condo fee includes all utilities; pet friendly community; Watergate at Landmark gated community on 35 landscaped acres with pool, fitness center, and more; Large balcony with views of grounds and pools
