Residential Income Property with City
New
For Sale
$750,000
2181 JAMIESON AVENUE Unit 1409, Alexandria, VA 22314
Condominium offers two bedrooms, a study, garage parking, and extensive shared amenities.
Property Size1,445 SF
Price / SF$519.03
Days on Market4
Property Features for 2181 JAMIESON AVENUE Unit 1409
General Information
Standard status
Active
Size
1,445 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/study/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,457
Amenities
24/7 concierge
indoor infinity pool
outdoor pools
hot tub
saunas
two fitness centers
tennis/shuffleboard courts
putting green
party room
library
in-unit laundry
Building Details
Building Size
1,445 SF
Year Built
2001
Listing Agency:
EXP Realty, LLC
(571) 442-6943
Listed By:
Gretchen Hamm · License #0225235336
(571) 442-6943
Source:
Dcmetrorealtyteam
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 5:26PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This condominium at 2181 Jamieson Avenue, Unit 1409, occupies the 14th floor and includes 1,445 square feet with two bedrooms, a study, and 2.5 bathrooms. The open living and dining areas connect with a sunroom, while oversized windows provide city views and sightlines toward the Washington Monument. The primary suite includes dual vanities, a jetted tub, and generous closet space. In-unit laundry and garage parking at spot #1-112 are included.
Carlyle Towers features 24/7 concierge service, an indoor infinity pool, outdoor pools, a hot tub, saunas, two fitness centers, tennis and shuffleboard courts, a putting green, party room, and library. The property is near Whole Foods, Starbucks, dining, and King Street Metro's Blue and Yellow lines, with access to Old Town, I-495, Amazon HQ2, and Reagan National Airport. The building was completed in 2001.
Carlyle Towers features 24/7 concierge service, an indoor infinity pool, outdoor pools, a hot tub, saunas, two fitness centers, tennis and shuffleboard courts, a putting green, party room, and library. The property is near Whole Foods, Starbucks, dining, and King Street Metro's Blue and Yellow lines, with access to Old Town, I-495, Amazon HQ2, and Reagan National Airport. The building was completed in 2001.
Key Highlights
- 1,445‑square‑foot condominium on the 14th floor
- Two bedrooms, a study, and 2.5 bathrooms
- Sunroom with views toward the Washington Monument
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,151
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,020
$443.0K
Cap Rate 7%
$316,443
$316.4K
Cap Rate 9%
$246,122
$246.1K
Market Conditions
NOI Build-Up for 1,445 SF
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.
Gross rent
$42.5K $29.40/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$40.3K $27.87/SF
− OpEx
−$18.1K −$12.54/SF
NOI
$22.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,020
Cap Rate 7%
$316,443
Cap Rate 9%
$246,122
Alternative Uses
Best Use
Apartment 5plus
$316.4K
$276.9K – $369.2K
NOI $22,151 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$802.6K
$702.3K – $936.4K
NOI $56,182 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,497
Businesses Nearby
Explore this area
Business Placement
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium offers two bedrooms, a study, garage parking, and extensive shared amenities.
Where is this residential income property located?
The property is located at 2181 JAMIESON AVENUE Unit 1409 Alexandria, VA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,445‑square‑foot condominium on the 14th floor; Two bedrooms, a study, and 2.5 bathrooms; Sunroom with views toward the Washington Monument
