Condominium Residence with
For Sale
$405,000
2451 MIDTOWN AVENUE Unit 708, Alexandria, VA 22303
A separate den, covered balcony, and garage parking complement the home’s open living and dining area.
Property Size975 SF
Price / SF$415.38
Days on Market10
Property Features for 2451 MIDTOWN AVENUE Unit 708
General Information
Standard status
Active
Size
975 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Furnished
No
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,576
Amenities
fitness center
cybercafe
pool
spa
party rooms
guest suite
24-hour attended front desk
pet friendly
Building Details
Building Size
975 SF
Year Built
2007
Stories
16
Listing Agency:
KW Metro Center
Listed By:
Marybeth G Fraser · License #00225205489
(703) 798-1803
Source:
Dcmetrorealtyteam
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 13 at 12:07AM
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 KW Metro Center
Investment Insights
Based on property information with market context.
This condominium residence offers 975 square feet with an open living and dining area, a kitchen, one bedroom, a separate den, and a full bath with access from both the bedroom and the hall. Kitchen features include cherry shaker cabinets, granite counters, a stone backsplash, five-burner gas cooking, GE stainless steel appliances, and a dining peninsula. The east-facing covered balcony measures 96 square feet and has a lockable storage closet. Full-size laundry and one garage parking space are included.
The home is in a 16-story condominium building completed in 2007, across from Huntington Metro station, with Yellow Line service. I-495 and I-95 are also readily accessible. Building amenities include a fitness center, cybercafe, attended front desk, seventh-floor pool and spa, two party rooms, and a guest suite.
The home is in a 16-story condominium building completed in 2007, across from Huntington Metro station, with Yellow Line service. I-495 and I-95 are also readily accessible. Building amenities include a fitness center, cybercafe, attended front desk, seventh-floor pool and spa, two party rooms, and a guest suite.
Key Highlights
- 975‑square‑foot residence with a separate den and one bedroom
- 96‑square‑foot covered east‑facing balcony with lockable storage
- One garage parking space conveys
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,946
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,920
$298.9K
Cap Rate 7%
$213,514
$213.5K
Cap Rate 9%
$166,067
$166.1K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$28.7K $29.40/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$27.2K $27.87/SF
− OpEx
−$12.2K −$12.54/SF
NOI
$14.9K $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%
$298,920
Cap Rate 7%
$213,514
Cap Rate 9%
$166,067
Alternative Uses
Best Use
Apartment 5plus
$213.5K
$186.8K – $249.1K
NOI $14,946 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$541.5K
$473.9K – $631.8K
NOI $37,908 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A separate den, covered balcony, and garage parking complement the home’s open living and dining area.
Where is this residential income property located?
The property is located at 2451 MIDTOWN AVENUE Unit 708 Alexandria, VA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 975‑square‑foot residence with a separate den and one bedroom; 96‑square‑foot covered east‑facing balcony with lockable storage; One garage parking space conveys
