One-Bedroom Condominium with
For Sale
$315,000
2451 MIDTOWN AVENUE Unit 715, Alexandria, VA 22303
An open kitchen and living area pair with in-unit laundry and building amenities that include a fitness center and outdoor pool.
Property Size707 SF
Price / SF$450
Days on Market8
Property Features for 2451 MIDTOWN AVENUE Unit 715
General Information
Standard status
Active
Size
707 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,880
Amenities
private balcony
24-hour concierge
outdoor pool and sundeck
fitness center
resident lounges
grilling areas
guest suite
in-unit washer and dryer
Building Details
Building Size
707 SF
Year Built
2007
Listing Agency:
Washington Fine Properties, LLC
Listed By:
Nathan J Guggenheim · License #0225104153
(202) 333-5905
Source:
Dcmetrorealtyteam
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 15 at 5:01AM
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 Washington Fine Properties, LLC
Investment Insights
Based on property information with market context.
Built in 2007, this one-bedroom, one-bathroom condominium offers approximately 700 square feet, an open kitchen adjoining the living and dining areas, and a private balcony. The bedroom has two closets and direct access to the bathroom; a linen closet and in-unit washer and dryer add storage and everyday utility.
Residents have access to a 24-hour concierge, outdoor pool and sundeck, fitness center, lounges, grilling areas, and a guest suite. Huntington Metro is across the street, with Beltway access and connections to Reagan National Airport, the Pentagon, and downtown Washington. Nearby destinations include Old Town Alexandria, Wegmans, and the Carlyle and Hoffman areas.
Residents have access to a 24-hour concierge, outdoor pool and sundeck, fitness center, lounges, grilling areas, and a guest suite. Huntington Metro is across the street, with Beltway access and connections to Reagan National Airport, the Pentagon, and downtown Washington. Nearby destinations include Old Town Alexandria, Wegmans, and the Carlyle and Hoffman areas.
Key Highlights
- One bedroom and one bathroom in approximately 700 square feet
- Private balcony
- Open kitchen connects to the living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,730
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,600
$214.6K
Cap Rate 7%
$153,286
$153.3K
Cap Rate 9%
$119,222
$119.2K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$20.6K $29.40/SF
− Vacancy
−$1.1K −$1.53/SF
EGI
$19.5K $27.87/SF
− OpEx
−$8.8K −$12.54/SF
NOI
$10.7K $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%
$214,600
Cap Rate 7%
$153,286
Cap Rate 9%
$119,222
Alternative Uses
Best Use
Apartment 5plus
$153.3K
$134.1K – $178.8K
NOI $10,730 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$388.8K
$340.2K – $453.6K
NOI $27,216 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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 - An open kitchen and living area pair with in-unit laundry and building amenities that include a fitness center and outdoor pool.
Where is this residential income property located?
The property is located at 2451 MIDTOWN AVENUE Unit 715 Alexandria, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: One bedroom and one bathroom in approximately 700 square feet; Private balcony; Open kitchen connects to the living and dining areas
