Condo Unit in Gated
For Sale
$199,900
2059 HUNTINGTON AVENUE Unit 1408, Alexandria, VA 22303
14th-floor studio with a large balcony, new luxury vinyl plank flooring, and a remodeled bath with walk-in shower.
Property Size550 SF
Days on Market36
Property Features for 2059 HUNTINGTON AVENUE Unit 1408
General Information
Standard status
Active
Size
550 SF
Property subtype
Unit/Flat/Apartment
Building Details
Building Size
550 SF
Year Built
1972
Listing Agency:
Corcoran McEnearney
(703) 217-3666
Listed By:
Charlene L Schaper · License #0225001537
(703) 217-3666
Source:
Dcmetrorealtyteam
Added: Jul 1
Changed: Jul 30
Last Checked: Aug 5 at 4:08AM
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 Corcoran McEnearney
Investment Insights
Based on property information with market context.
This 14th-floor studio/efficiency condo offers a spacious layout with a separate bed area sized for a queen bed, plus a large closet in the foyer for extra storage. The unit features new luxury vinyl plank flooring throughout and a newly updated kitchen with a new microwave, dishwasher, and disposal. The bath has been remodeled with a walk-in shower, new flooring, and a new vanity. Thermopane sliding glass doors and a large bedroom window help bring in daylight, and the unit includes a large balcony.
Hunting Creek Club is a gated condo community with a 24-hour front desk. Amenities include a pool, tennis, parking, and a laundry room on each floor. The community is conveniently located about five blocks from the Huntington Metro station, with access to Rt 1, 495, Old Town Alexandria, and National Airport.
Please note the owner will pay the remaining special assessment for the facade repair project. The unit is owner occupied, so scheduling is required through Showing Time.
Hunting Creek Club is a gated condo community with a 24-hour front desk. Amenities include a pool, tennis, parking, and a laundry room on each floor. The community is conveniently located about five blocks from the Huntington Metro station, with access to Rt 1, 495, Old Town Alexandria, and National Airport.
Please note the owner will pay the remaining special assessment for the facade repair project. The unit is owner occupied, so scheduling is required through Showing Time.
Key Highlights
- 14th‑floor studio/efficiency condo with large balcony
- Separate bed area sized for a queen bed plus foyer closet storage
- New luxury vinyl plank flooring throughout
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.2k | $29.40 |
| − Vacancy | −$841 | −$1.53 |
| EGI | $15.3k | $27.87 |
| − OpEx | −$6.9k | −$12.54 |
| NOI | $8.4k | $15.33 |
550 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$120.4K
$105.4K – $140.5K
NOI $8,431 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
Business Placement
Demographics for 22303, VA
16,109
Population
8,669
Households
1.9
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
1.9 sq mi
ZIP Area
8,478
Density / Sq Mi
$103,822
Median Household Income
$69,699
Median Earnings
$2,050
Median Rent
$547,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - 14th-floor studio with a large balcony, new luxury vinyl plank flooring, and a remodeled bath with walk-in shower.
Where is this residential income property located?
The property is located at 2059 HUNTINGTON AVENUE Unit 1408 Alexandria, VA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 14th‑floor studio/efficiency condo with large balcony; Separate bed area sized for a queen bed plus foyer closet storage; New luxury vinyl plank flooring throughout
