Residential Income Property with
For Sale
$379,900
203 YOAKUM PARKWAY Unit 410, Alexandria, VA 22304
The residence has an updated kitchen, stacked laundry, and an included garage space.
Property Size1,211 SF
Days on Market12
Property Features for 203 YOAKUM PARKWAY Unit 410
General Information
Standard status
Active
Size
1,211 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,090
Amenities
gated community
24 hour security
free shuttle to metro and shops
indoor swimming pool
outdoor swimming pool
indoor hot tub
pickleball courts
tennis courts
racquet ball
fitness center
library
beauty salon
pool tables
ping pong tables
on-site convenience store
pet friendly
Building Details
Building Size
1,211 SF
Year Built
1975
Listing Agency:
Samson Properties
Listed By:
Darla R Colletti · License #0225031099
(703) 835-6165
Source:
Dcmetrorealtyteam
Added: Oct 9
Changed: Oct 17
Last Checked: Oct 19 at 3:42PM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This 1-bedroom residence includes a den, an updated kitchen with granite countertops, and wide-plank flooring. Custom blinds and a cabinet for the stacked washer and dryer add built-in storage. The heating and air conditioning unit was updated around 2020, and garage space #172 is included. A Murphy bed in the den may be included if desired.
The gated community provides 24-hour security and a shuttle service to Metro and shops. Amenities include indoor and outdoor pools, an indoor hot tub, pickleball and tennis courts, racquetball, a fitness center, library, beauty salon, pool tables, ping pong tables, and an on-site convenience store. A restaurant is planned for the property.
The gated community provides 24-hour security and a shuttle service to Metro and shops. Amenities include indoor and outdoor pools, an indoor hot tub, pickleball and tennis courts, racquetball, a fitness center, library, beauty salon, pool tables, ping pong tables, and an on-site convenience store. A restaurant is planned for the property.
Key Highlights
- 1‑bedroom residence with a den
- Updated kitchen with granite countertops and wide‑plank flooring
- Stacked washer and dryer with a custom cabinet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,564
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,280
$371.3K
Cap Rate 7%
$265,200
$265.2K
Cap Rate 9%
$206,267
$206.3K
Market Conditions
NOI Build-Up for 1,211 SF
Gross rent
$35.6K $29.40/SF
− Vacancy
−$1.9K −$1.53/SF
EGI
$33.8K $27.87/SF
− OpEx
−$15.2K −$12.54/SF
NOI
$18.6K $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%
$371,280
Cap Rate 7%
$265,200
Cap Rate 9%
$206,267
Alternative Uses
Best Use
Apartment 5plus
$265.2K
$232.1K – $309.4K
NOI $18,564 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$672.6K
$588.6K – $784.7K
NOI $47,084 @ 7.0% cap · market cap 12.39%
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
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 - The residence has an updated kitchen, stacked laundry, and an included garage space.
Where is this residential income property located?
The property is located at 203 YOAKUM PARKWAY Unit 410 Alexandria, VA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1‑bedroom residence with a den; Updated kitchen with granite countertops and wide‑plank flooring; Stacked washer and dryer with a custom cabinet
