Residential Income Property with
For Sale
$269,900
211 E GLEBE ROAD, Alexandria, VA 22305
A one-bedroom condo combines refreshed interior finishes with a private outdoor area facing the landscaped courtyard.
Property Size700 SF
Price / SF$385.57
Days on Market65
Property Features for 211 E GLEBE ROAD
General Information
Standard status
Active
Size
700 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Potomac Yard/Potomac Greens
Public Transit
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,055
Amenities
private patio
landscaped courtyard
Building Details
Building Size
700 SF
Year Built
1939
Listing Agency:
Compass
Listed By:
Eric E Hernandez · License #0225078470
(703) 200-3858
Source:
Jackrealtygroup
Added: Aug 25
Changed: Oct 26
Last Checked: Oct 26 at 10:28AM
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 Compass
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Investment Insights
Based on property information with market context.
This 700-square-foot, one-bedroom condo in Auburn Village has refinished hardwood floors, fresh paint, and vinyl replacement windows. The kitchen has a new stainless steel refrigerator, stove, and dishwasher. A private rear patio faces the landscaped courtyard, and gas grills are permitted. An in-unit washer and dryer may be added. The building dates to 1939.
The property is near Del Ray, Potomac Yard Metro, Old Town Alexandria, National Landing, Amazon HQ2, the Pentagon, Washington, DC, and Reagan National Airport. Shopping, dining, parks, and major commuter routes are also accessible nearby.
The property is near Del Ray, Potomac Yard Metro, Old Town Alexandria, National Landing, Amazon HQ2, the Pentagon, Washington, DC, and Reagan National Airport. Shopping, dining, parks, and major commuter routes are also accessible nearby.
Key Highlights
- 700‑square‑foot, one‑bedroom condo
- Private rear patio overlooking the landscaped courtyard; gas grills permitted
- Kitchen equipped with stainless steel refrigerator, stove, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,730
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,600
$214.6K
Cap Rate 7%
$153,286
$153.3K
Cap Rate 9%
$119,222
$119.2K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$20.6K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$19.5K $27.87/SF
− OpEx
−$8.8K −$12.54/SF
NOI
$10.7K $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%
$214,600
Cap Rate 7%
$153,286
Cap Rate 9%
$119,222
Alternative Uses
Best Use
Apartment 5plus
$153.3K
$134.1K – $178.8K
NOI $10,730 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$388.8K
$340.2K – $453.6K
NOI $27,216 @ 7.0% cap · market cap 10.08%
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
1,166
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 - A one-bedroom condo combines refreshed interior finishes with a private outdoor area facing the landscaped courtyard.
Where is this residential income property located?
The property is located at 211 E GLEBE ROAD Alexandria, VA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 700‑square‑foot, one‑bedroom condo; Private rear patio overlooking the landscaped courtyard; gas grills permitted; Kitchen equipped with stainless steel refrigerator, stove, and dishwasher
