Two-Bedroom Residential Income
For Sale
$339,900
240 S REYNOLDS STREET Unit 212, Alexandria, VA 22304
The condo includes granite countertops, built-in shelving around a wood-burning fireplace, and fresh interior paint.
Property Size1,094 SF
Price / SF$310.69
Days on Market160
Property Features for 240 S REYNOLDS STREET Unit 212
General Information
Standard status
Active
Size
1,094 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Landmark/Van Dorn
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,043
Amenities
wood burning fireplace
granite counter tops
Building Details
Building Size
1,094 SF
Year Built
1988
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 22
Changed: Oct 27
Last Checked: Oct 26 at 2:42PM
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 Jack Realty Group
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Investment Insights
Based on property information with market context.
This 1,094-square-foot condo in the West End of Landmark has a split-style layout with two bedrooms and two bathrooms. Built in 1988, the unit has granite countertops, built-ins flanking a wood-burning fireplace, and fresh paint throughout.
Public transportation is steps from the entrance, and several restaurants are within walking distance. The property is also described as minutes from I-95, I-395, and I-495, as well as an INOVA hospital that was under construction when the listing information was prepared.
Public transportation is steps from the entrance, and several restaurants are within walking distance. The property is also described as minutes from I-95, I-395, and I-495, as well as an INOVA hospital that was under construction when the listing information was prepared.
Key Highlights
- 1,094‑square‑foot condo with two bedrooms and two bathrooms
- Split‑style layout with granite countertops and fresh interior paint
- Built‑in shelving surrounds a wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,770
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,400
$335.4K
Cap Rate 7%
$239,571
$239.6K
Cap Rate 9%
$186,333
$186.3K
Market Conditions
NOI Build-Up for 1,094 SF
Gross rent
$32.2K $29.40/SF
− Vacancy
−$1.7K −$1.53/SF
EGI
$30.5K $27.87/SF
− OpEx
−$13.7K −$12.54/SF
NOI
$16.8K $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%
$335,400
Cap Rate 7%
$239,571
Cap Rate 9%
$186,333
Alternative Uses
Best Use
Apartment 5plus
$239.6K
$209.6K – $279.5K
NOI $16,770 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$607.6K
$531.7K – $708.9K
NOI $42,535 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
Explore this area
Business Placement
Demographics for 22304, VA
49,237
Population
24,654
Households
2
Avg Household Size
37
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
10,258
Density / Sq Mi
$97,629
Median Household Income
$64,929
Median Earnings
$1,934
Median Rent
$496,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo includes granite countertops, built-in shelving around a wood-burning fireplace, and fresh interior paint.
Where is this residential income property located?
The property is located at 240 S REYNOLDS STREET Unit 212 Alexandria, VA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 1,094‑square‑foot condo with two bedrooms and two bathrooms; Split‑style layout with granite countertops and fresh interior paint; Built‑in shelving surrounds a wood‑burning fireplace
