Top-Floor Residential Income
For Sale
$530,000
2331 HENSHAW PLACE Unit 301, Alexandria, VA 22311
End-unit residence with a private deck, loft office, fireplace, and concealed bonus room.
Property Size1,433 SF
Price / SF$369.85
Days on Market58
Property Features for 2331 HENSHAW PLACE Unit 301
General Information
Standard status
Active
Size
1,433 SF
Property subtype
Penthouse Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$5,581
Building Details
Building Size
1,433 SF
Year Built
1992
Listing Agency:
Berkshire Hathaway HomeServices PenFed Realty
Listed By:
Karen Reisdorf · License #658316
(301) 848-4902
Source:
Kerishull
Added: Aug 24
Changed: Oct 20
Last Checked: Oct 19 at 3:33PM
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 Berkshire Hathaway HomeServices PenFed Realty
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Investment Insights
Based on property information with market context.
This top-floor end unit offers a two-bedroom, two-bathroom layout with a bright main living level, dining area, and kitchen arranged for comfortable daily use. The living room rises to 30-foot cathedral ceilings and includes a fireplace, while a private deck extends from the dining area. Both bedrooms and bathrooms are located upstairs, including a primary suite with cathedral ceilings, plantation shutters, organized shelving, and a large ensuite bath.
A loft provides flexible office space and connects by custom spiral staircase to a concealed bonus room that can serve as a lounge, studio, or storage area. Additional storage is available in the garage. Built in 1992, the property is located in Alexandria, Virginia.
A loft provides flexible office space and connects by custom spiral staircase to a concealed bonus room that can serve as a lounge, studio, or storage area. Additional storage is available in the garage. Built in 1992, the property is located in Alexandria, Virginia.
Key Highlights
- Top‑floor end unit with 2 bedrooms and 2 bathrooms
- 30 ft cathedral ceilings in the living room and primary suite
- Private deck accessed from the dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,967
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,340
$439.3K
Cap Rate 7%
$313,814
$313.8K
Cap Rate 9%
$244,078
$244.1K
Market Conditions
NOI Build-Up for 1,433 SF
Gross rent
$42.1K $29.40/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$39.9K $27.87/SF
− OpEx
−$18.0K −$12.54/SF
NOI
$22.0K $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%
$439,340
Cap Rate 7%
$313,814
Cap Rate 9%
$244,078
Alternative Uses
Best Use
Apartment 5plus
$313.8K
$274.6K – $366.1K
NOI $21,967 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$795.9K
$696.4K – $928.6K
NOI $55,715 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,726
Businesses Nearby
Explore this area
Business Placement
Demographics for 22311, VA
19,934
Population
9,129
Households
2.2
Avg Household Size
34
Median Age
47%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
13,289
Density / Sq Mi
$84,759
Median Household Income
$51,504
Median Earnings
$1,909
Median Rent
$691,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit residence with a private deck, loft office, fireplace, and concealed bonus room.
Where is this residential income property located?
The property is located at 2331 HENSHAW PLACE Unit 301 Alexandria, VA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Top‑floor end unit with 2 bedrooms and 2 bathrooms; 30 ft cathedral ceilings in the living room and primary suite; Private deck accessed from the dining area
