End-Unit Residential Income
For Sale
$319,900
211 E GLEBE ROAD Unit B, Alexandria, VA 22305
Residents have access to onsite laundry, bike storage, trails, and picnic areas.
Property Size850 SF
Price / SF$376.35
Days on Market65
Property Features for 211 E GLEBE ROAD Unit B
General Information
Standard status
Active
Size
850 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Potomac Yard/Potomac Greens
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,737
Amenities
on-site laundry
bike storage
scenic trails
picnic areas
Building Details
Building Size
850 SF
Year Built
1939
Listing Agency:
Redfin Corporation
Listed By:
Roy Kohn · License #0225081999
(202) 345-7399
Source:
Jackrealtygroup
Added: Aug 25
Changed: Oct 27
Last Checked: Oct 26 at 3:23PM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
This 850-square-foot end unit was built in 1939 and has windows throughout that bring natural light inside. Fresh paint has been applied in the living room, primary bedroom, and bathroom. Community features include onsite laundry, bike storage, trails, and picnic areas.
A DASH Line 36A/B stop is about a minute away, with service to Potomac Yard-VT Metro Station. Braddock Road Metro, Alexandria Amtrak, Reagan National Airport, Del Ray, and historic King Street are also nearby. The Mount Vernon Trail and Cameron Run Regional Park provide additional outdoor destinations.
A DASH Line 36A/B stop is about a minute away, with service to Potomac Yard-VT Metro Station. Braddock Road Metro, Alexandria Amtrak, Reagan National Airport, Del Ray, and historic King Street are also nearby. The Mount Vernon Trail and Cameron Run Regional Park provide additional outdoor destinations.
Key Highlights
- 850‑square‑foot end unit
- Built in 1939
- Fresh paint in the living room, primary bedroom, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,030
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,600
$260.6K
Cap Rate 7%
$186,143
$186.1K
Cap Rate 9%
$144,778
$144.8K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$25.0K $29.40/SF
− Vacancy
−$1.3K −$1.53/SF
EGI
$23.7K $27.87/SF
− OpEx
−$10.7K −$12.54/SF
NOI
$13.0K $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%
$260,600
Cap Rate 7%
$186,143
Cap Rate 9%
$144,778
Alternative Uses
Best Use
Apartment 5plus
$186.1K
$162.9K – $217.2K
NOI $13,030 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
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Business Placement
Demographics for 22305, VA
17,849
Population
8,028
Households
2.2
Avg Household Size
34
Median Age
59%
College-Educated
83%
High-School Grad
1.3 sq mi
ZIP Area
13,730
Density / Sq Mi
$109,124
Median Household Income
$64,012
Median Earnings
$1,902
Median Rent
$817,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to onsite laundry, bike storage, trails, and picnic areas.
Where is this residential income property located?
The property is located at 211 E GLEBE ROAD Unit B Alexandria, VA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 850‑square‑foot end unit; Built in 1939; Fresh paint in the living room, primary bedroom, and bathroom
