One-Bedroom Residential
For Sale
$329,900
Pending
2451 MIDTOWN AVENUE Unit 1308, Alexandria, VA 22303
Private assigned garage parking and in-unit laundry support convenient day-to-day living.
Property Size805 SF
Days on Market75
Property Features for 2451 MIDTOWN AVENUE Unit 1308
General Information
Standard status
Pending
Size
805 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Eisenhower East
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,819
Amenities
pool
gym
party room
cafe
in-unit washer and dryer
Building Details
Building Size
805 SF
Year Built
2007
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: Aug 15
Changed: Oct 27
Last Checked: Oct 26 at 2:19PM
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 805-square-foot, one-bedroom, one-bath condo occupies the 13th floor of a building completed in 2007. The kitchen features custom rosewood cabinetry, stainless steel appliances, and granite counters. Two closets serve the bedroom, and the full bath has dual entry and a jetted soaking tub. LVP flooring, new carpeting, newer HVAC, and an in-unit washer and dryer are also included.
The residence is across the street from Huntington Metro. Two privately assigned garage parking spaces are part of the property. Building amenities include a pool, gym, party room, and cafe.
The residence is across the street from Huntington Metro. Two privately assigned garage parking spaces are part of the property. Building amenities include a pool, gym, party room, and cafe.
Key Highlights
- 805‑square‑foot, one‑bedroom, one‑bath condo
- Two privately assigned garage parking spaces
- Located on the 13th floor; building completed in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,340
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,800
$246.8K
Cap Rate 7%
$176,286
$176.3K
Cap Rate 9%
$137,111
$137.1K
Market Conditions
NOI Build-Up for 805 SF
Gross rent
$23.7K $29.40/SF
− Vacancy
−$1.2K −$1.53/SF
EGI
$22.4K $27.87/SF
− OpEx
−$10.1K −$12.54/SF
NOI
$12.3K $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%
$246,800
Cap Rate 7%
$176,286
Cap Rate 9%
$137,111
Alternative Uses
Best Use
Apartment 5plus
$176.3K
$154.3K – $205.7K
NOI $12,340 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$447.1K
$391.2K – $521.6K
NOI $31,298 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
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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 - Private assigned garage parking and in-unit laundry support convenient day-to-day living.
Where is this residential income property located?
The property is located at 2451 MIDTOWN AVENUE Unit 1308 Alexandria, VA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 805‑square‑foot, one‑bedroom, one‑bath condo; Two privately assigned garage parking spaces; Located on the 13th floor; building completed in 2007
