Two-Bedroom Residential
For Sale
$400,000
2451 MIDTOWN AVENUE Unit 104, Alexandria, VA 22303
Renovated two-bedroom, two-bath residence with smart upgrades, in-unit laundry, and two assigned garage parking spaces.
Property Size1,048 SF
Days on Market85
Property Features for 2451 MIDTOWN AVENUE Unit 104
General Information
Standard status
Active
Size
1,048 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$5,373
Amenities
concierge
fitness center
outdoor pool
spa
grilling area
picnic area
in-unit washer and dryer
Building Details
Building Size
1,048 SF
Year Built
2007
Listing Agency:
Corcoran McEnearney
Listed By:
Jeffrey Lewis Cann
(703) 717-1932
Source:
Dcmetrorealtyteam
Added: Jul 29
Changed: Oct 17
Last Checked: Oct 21 at 2:41AM
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 Corcoran McEnearney
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Investment Insights
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This renovated two-bedroom, two-bath residence is located on the 15th floor and designed for turnkey day-to-day living. New flooring and freshly refinished walls carry through the open living spaces, and smart-home upgrades include smart light switches, USB and USB-C outlets, and a smart thermostat. The renovated kitchen features new cabinetry, generous counter space, and a new microwave; the current smart refrigerator does not convey and will be replaced prior to settlement.
The primary and guest bathrooms have been transformed with new tubs, vanities, designer tile, illuminated mirrors, new toilets, and heated floors. Reconfigured closets with custom sliding doors add storage, and new window blinds complete the updates. An in-unit washer and dryer support convenient everyday use, along with two assigned garage parking spaces that convey with the property.
The building offers a 24-hour concierge, fitness center, outdoor pool, large jetted spa, and grilling and picnic area, along with secure garage parking. The residence is directly across from the Huntington Metro and is minutes from Old Town Alexandria, National Harbor, Amazon HQ2, I-495, and Washington, D.C. The property was built in 2007.
The primary and guest bathrooms have been transformed with new tubs, vanities, designer tile, illuminated mirrors, new toilets, and heated floors. Reconfigured closets with custom sliding doors add storage, and new window blinds complete the updates. An in-unit washer and dryer support convenient everyday use, along with two assigned garage parking spaces that convey with the property.
The building offers a 24-hour concierge, fitness center, outdoor pool, large jetted spa, and grilling and picnic area, along with secure garage parking. The residence is directly across from the Huntington Metro and is minutes from Old Town Alexandria, National Harbor, Amazon HQ2, I-495, and Washington, D.C. The property was built in 2007.
Key Highlights
- 15th‑floor renovated two‑bedroom, two‑bath residence with city views and abundant natural light
- Renovated kitchen with new cabinetry, generous counter space, and new microwave; smart refrigerator does not convey
- Spa‑inspired bathrooms with new tubs, vanities, designer tile, illuminated mirrors, new toilets, and heated floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,065
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,300
$321.3K
Cap Rate 7%
$229,500
$229.5K
Cap Rate 9%
$178,500
$178.5K
Market Conditions
NOI Build-Up for 1,048 SF
Gross rent
$30.8K $29.40/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$29.2K $27.87/SF
− OpEx
−$13.1K −$12.54/SF
NOI
$16.1K $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%
$321,300
Cap Rate 7%
$229,500
Cap Rate 9%
$178,500
Alternative Uses
Best Use
Apartment 5plus
$229.5K
$200.8K – $267.8K
NOI $16,065 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$582.1K
$509.3K – $679.1K
NOI $40,746 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
Explore this area
Business Placement
Demographics for 22303, VA
16,109
Population
8,669
Households
1.9
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
1.9 sq mi
ZIP Area
8,478
Density / Sq Mi
$103,822
Median Household Income
$69,699
Median Earnings
$2,050
Median Rent
$547,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated two-bedroom, two-bath residence with smart upgrades, in-unit laundry, and two assigned garage parking spaces.
Where is this residential income property located?
The property is located at 2451 MIDTOWN AVENUE Unit 104 Alexandria, VA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 15th‑floor renovated two‑bedroom, two‑bath residence with city views and abundant natural light; Renovated kitchen with new cabinetry, generous counter space, and new microwave; smart refrigerator does not convey; Spa‑inspired bathrooms with new tubs, vanities, designer tile, illuminated mirrors, new toilets, and heated floors
