Two-Bedroom Residential
New
For Sale
$304,500
203 YOAKUM PARKWAY Unit 404, Alexandria, VA 22304
Enclosed connections provide access to recreation, property management, and on-site services without going outdoors.
Property Size986 SF
Days on Market5
Property Features for 203 YOAKUM PARKWAY Unit 404
General Information
Standard status
Active
Size
986 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,397
Amenities
indoor pool
sauna
hot tub
fitness center
library
table tennis
air hockey
billiards
terrace lounge
market
hair and nail salon
outdoor pool
gazebos
jogging trail
racquet club
tennis courts
pickleball
gated community
patrol services
Building Details
Building Size
986 SF
Year Built
1975
Listing Agency:
Jobin Realty
Listed By:
Susan G Day · License #0225051394
(703) 628-5387
Source:
Dcmetrorealtyteam
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 26 at 3:31PM
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 Jobin Realty
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Investment Insights
Based on property information with market context.
This 1975 residence in Building 1 has two bedrooms, one bathroom, and an assigned parking space. The kitchen is arranged in a galley layout, with a serving area facing the dining room, a side-by-side refrigerator, laundry center, and oversized pantry. Luxury vinyl plank flooring runs through the living, dining, and bedroom areas; ceramic tile finishes the kitchen and bathroom. The bath includes a stall shower and a vanity with a quartz counter. A 12-foot-wide balcony door opens to a cityscape view. The windows and balcony door were replaced about 7 years ago with double-pane units.
The gated community covers 37 fenced acres and has more than 2,000 parking spaces. Indoor amenities include swimming pools, a sauna, hot tub, fitness center, library, and billiards, with additional services such as a market and hair and nail salon on site. Enclosed indoor passages connect Building 1 to shared facilities and the management office. The unit has one dedicated parking space and two parking passes; guest passes are also available. The monthly assessment covers electricity, gas, water, sewer, garbage, the building antenna, amenities, outside unassigned parking, and the master insurance policy.
The gated community covers 37 fenced acres and has more than 2,000 parking spaces. Indoor amenities include swimming pools, a sauna, hot tub, fitness center, library, and billiards, with additional services such as a market and hair and nail salon on site. Enclosed indoor passages connect Building 1 to shared facilities and the management office. The unit has one dedicated parking space and two parking passes; guest passes are also available. The monthly assessment covers electricity, gas, water, sewer, garbage, the building antenna, amenities, outside unassigned parking, and the master insurance policy.
Key Highlights
- Two‑bedroom, one‑bath residence with assigned parking space 162 in Building 1
- 12‑foot‑wide balcony door with a cityscape view
- Double‑pane windows and balcony door installed about 7 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,115
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,300
$302.3K
Cap Rate 7%
$215,929
$215.9K
Cap Rate 9%
$167,944
$167.9K
Market Conditions
NOI Build-Up for 986 SF
Gross rent
$29.0K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$27.5K $27.87/SF
− OpEx
−$12.4K −$12.54/SF
NOI
$15.1K $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%
$302,300
Cap Rate 7%
$215,929
Cap Rate 9%
$167,944
Alternative Uses
Best Use
Apartment 5plus
$215.9K
$188.9K – $251.9K
NOI $15,115 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$547.7K
$479.2K – $638.9K
NOI $38,336 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,582
Businesses Nearby
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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 - Enclosed connections provide access to recreation, property management, and on-site services without going outdoors.
Where is this residential income property located?
The property is located at 203 YOAKUM PARKWAY Unit 404 Alexandria, VA.
What is the asking price?
The asking price for this property is $304,500.
What are key features of this property?
This property features: Two‑bedroom, one‑bath residence with assigned parking space 162 in Building 1; 12‑foot‑wide balcony door with a cityscape view; Double‑pane windows and balcony door installed about 7 years ago
